BEIJING – A controversial claim by Chinese academic ‘Professor’ Jiang that Bitcoin is a CIA operation has ignited a fierce backlash from cryptocurrency experts and market analysts. Jiang, whose academic credentials remain unverified, alleged in a recent speech that the U.S. intelligence agency created Bitcoin to destabilize global financial systems.
The remarks, circulated widely on Chinese social media, come amid heightened tensions between Washington and Beijing over technology and financial sovereignty. Bitcoin’s pseudonymous creator, Satoshi Nakamoto, has never been conclusively identified, fueling persistent conspiracy theories.
‘There’s zero evidence supporting claims of CIA involvement in Bitcoin’s creation,’ said a blockchain analyst at a Tier 1 financial institution who requested anonymity due to employer restrictions. ‘The open-source nature of Bitcoin’s development makes such covert sponsorship implausible.’
Historical records show Bitcoin emerged in 2008 through a whitepaper published under the Nakamoto pseudonym. U.S. intelligence officials, speaking on background, dismissed Jiang’s allegations as ‘baseless conspiracy theories’ without merit.
The controversy highlights growing geopolitical tensions surrounding cryptocurrency adoption. Some analysts suggest such claims could foreshadow increased regulatory scrutiny of digital assets in China, where cryptocurrency trading remains banned.