English transcript
To another subject, our competition with China isn't just about military strength, it also includes monetary strength as well.
You know, last year the Chinese Communist Party's main monetary think-tank published research
on Bitcoin as a
strategic asset. You know, this came after President Trump moved to establish a strategic Bitcoin reserve.
Admiral, how does leadership in Bitcoin impact leverage, resilience, deterrence for Indo-Pacom against China, and do you think that a
strategic Bitcoin reserve helps America compete against China?
Senator, our, you know, our research into Bitcoin is as a computer science tool.
It's the combination of cryptography, a blockchain, and a proof-of-work, and
Bitcoin shows incredible potential as a
as a computer science tool that through the proof-of-work protocols is a
actually imposes more costs than just the algorithmic securing of networks and our ability to operate and
Bitcoin is a reality. It is a valuable computer science tool as a power projection
and
outside of the economic formulation of it, it has got really important computer science applications for cybersecurity.
Thank you. What recommendations do you have for us here in Congress on how to
how the U.S. can lead on Bitcoin competition?
You know, I'd have to go deeper on that with you for the record and I can go deeper on that case, but
Bitcoin is a reality.
It is a peer-to-peer
zero trust transfer of value. Anything that supports the all
instruments of national power for the United States of America is to the good.
Thank you.
End of transcript · 261 words