• Former Goldman Sachs executive Raoul Pal believes Bitcoin (BTC) was created by the US and UK governments to deal with future monetary crisis.
• Pal based his theory on the fact that BTC’s pseudonymous founder could be groups of government employees in the NSA and GCHQ, who were tasked with finding solutions to future threats to international monetary dominance.
• Pal also points out that BTC’s release in 2008 financial crisis as well as its halving cycles support his theory.
Government-Created Bitcoin
Former Goldman Sachs executive Raoul Pal has a theory about the entities that could have created Bitcoin (BTC). In a new interview with YouTuber Tom Bilyeu, the Real Vision CEO says he thinks Satoshi, the anonymous inventor of Bitcoin, might be none other than the US and UK governments.
The Theory
Pal says he believes BTC’s pseudonymous founder was actually just groups of government employees in the US National Security Agency (NSA) and the UK’s Government Communications Headquarters (GCHQ) who were tasked with experimenting with possible solutions to game out future threats to the West’s international monetary dominance. He even spoke with a Department of Defense (DoD) official about such threats back in 2013 or 2014.
Supporting Evidence
The former Goldman Sachs executive also points out that Bitcoin’s release at the height of the 2008 financial crisis as well as its halving cycles give credence to his theory. According to Pal, it would not be a coincidence that BTC came out during this time along with these halving cycles being related—as it could be seen as an answer for how to maintain control of money and debt if Western countries lose their grip on it.
Skepticism Remains
Despite Pal’s theories, there is still some skepticism regarding whether or not governments are behind BTC’s creation—or if it really is an anonymous person or group behind Satoshi Nakamoto’s famous pseudonym.
Conclusion
At this point, we may never know who truly invented Bitcoin but theories like these from experts like Pal can certainly help us gain insight into what could’ve been going through people’s minds when creating this revolutionary cryptocurrency technology back in 2008.