What If Bitcoin Was Built By The Government?

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The United States subprime mortgage market in 2007 and 2008 almost led to the collapse of the entire global banking system and prompted The Great Recession. Financial goliaths from the investment world like the Lehman Brothers, Merrill Lynch, and Bear Stearns crumbled under the pressure. Bear Stearns was sold to JP Morgan, Merrill Lynch survived through a merger with Bank of America, while the Lehman Brothers were wiped off the face of the earth.

In the fall of 2008, the G20 Summit held focused directly on the financial crisis, and among other things, a transformation of the monetary system was a topic of discussion. G20 is a group consisting of world leaders from 19 different countries and the European Union who work together to address economic issues impacting the global community.

Coincidentally, in the months following the G20 Summit, in 2009, a mysterious person or group using the pseudonym Satoshi Nakamoto released the Bitcoin whitepaper into the wild via a cypherpunk mailing list and published the open-source code on SourceForge. Could this unusual circumstance related to timing and the G20 Summit’s ambitions suggest that Bitcoin was built by the government? Let’s take a look at this compelling conspiracy theory.

The G20 Summit And A New Monetary System

Most people have heard of the Bretton Woods monetary system created in 1945 and its historical impact. Many also are familiar with the Jamaican Accords that ratified the end of the Bretton Woods agreement based on recommendations from the International Monetary Fund. However, few people know that before the Bretton Woods agreement, there were the Genoa and Paris currency systems.

The most recent change in the monetary system arrived amidst the backdrop of a world economy in crisis due to what is referred to historically as The Great Inflation of the 1970s. Since then, the world has changed, and the Jamaican monetary system has long since run out of steam and is once again on the brink of utter collapse.

Complete centralization of a dollar that is being dangerously inflated, underpinning the entire global economy as the global reserve is a catastrophe waiting to happen. The risk surrounding the dollar’s eventual decline in dominance is increasing by the day, yet abruptly abandoning the current financial system in favor of another one is also like playing with fire. The transition must be seamless.

The Mystery Behind The Creation Of Bitcoin

Isn’t it strange that even with all of today’s computer technology, forensic science, etc. that during the decade-plus of Bitcoin’s existence, no experts have been able to discover any evidence that proves who created the first-ever cryptocurrency? Investigative reporters, journalists, and more have all tried but can’t even conclude if it was a single person or a group, or whether the person was American, British, Japanese, or otherwise. 

Whoever is behind the Satoshi Nakamoto pseudonym would need to possess some incredible expertise. They would need the education of an economist, the mind of a mathematician, and the skills of a computer programmer and engineer. No one knows who might have such extensive knowledge across so many fields. Somehow Satoshi Nakamoto has remained completely under the radar and unknown for many years.

Regardless of who they are, the open-source code that was released more than a decade ago is still in operation today, nearly worth a trillion dollars in terms of market capitalization. Bitcoin is big business, and many consider it to be the ideal replacement for the next monetary system and standard. Bitcoin possesses interesting attributes that make it deflationary in nature. Unlike the Jamaican monetary system, no additional BTC can be created beyond the 21 million coin supply.

Why Leading Global Governments Haven’t Banned Crypto

A decade later, cryptocurrencies are a global phenomenon. Most governments didn’t pay much attention to the emerging market and growing industry until 2017 when Bitcoin became a household name. However, China has reportedly been experimenting with its own central bank-issued digital currency since 2014 using the same blockchain technology behind Bitcoin.

Despite statements from politicians condemning cryptocurrencies claiming they pose a threat to the global financial system, there are almost no other countries among the world’s leading economies aside from China that have taken a stance banning private cryptocurrencies. And it is clear this has to do with ushering in their own digital currency. 

Otherwise, the European Union, countries like the United States, and emerging markets are seeking to instead regulate cryptocurrencies and integrate them into each country’s national economy. Doing so should eliminate many of the issues that governments fear pose a threat to the global financial system.

The Cryptocurrency Conspiracy Theory

We understand the claims might be considered wild or a conspiracy theory. But when you connect the dots, the bottom line is Bitcoin coincidentally emerged immediately following the G20 Summit in 2008, where a complete transformation of the monetary system was discussed. We know the Jamaican monetary system is no longer suitable for today’s economy and that switching to a new system too quickly could also be dangerous.

Bitcoin appeared in the shadows by a creator or creators that are extremely well hidden and to this day remain unknown and have vanished without a trace. Since the creation of Bitcoin, an entire cryptocurrency industry was born and has since flourished. Despite the statements made by politicians about the threats to the financial system, leading governments have only worked to integrate cryptocurrencies into the global economy.

Given all of the above, one can’t help but consider if Bitcoin began as a government project designed to slowly and organically introduce the world to a new monetary system over the years. If this isn’t the case, then even more so, Bitcoin is a phenomenon worth investing in. An asset that is designed to defend against the imperfections of the global financial system and bring about necessary change is a once-in-a-lifetime opportunity. If Bitcoin is a government project, it is still worth investing in because then it has even more of a chance to become the foundation of the future financial system.

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