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The Pomp Podcast

#1541 Michael Ellis | CIA Says Bitcoin Is A Tool They Use

Apr 30, 2025
Michael Ellis, Deputy Director of the CIA, sheds light on the complex U.S.-China relationship and its implications for global security. He discusses the crucial role of technology and AI in intelligence, emphasizing the importance of public-private partnerships. Ellis dives into how cryptocurrencies like Bitcoin are utilized in national security contexts, particularly in counter-narcotics. He also stresses the need for international collaboration to tackle threats from drug cartels, outlining strategies to strengthen alliances with countries like China and Mexico.
22:07

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Podcast summary created with Snipd AI

Quick takeaways

  • The U.S.-China relationship is complex, marked by both cooperation and competition, particularly concerning economic and technological advancements.
  • The CIA is evolving its strategies by emphasizing technology and partnerships to address modern threats like drug cartels and fentanyl trafficking.

Deep dives

The Complex Sino-American Relationship

The relationship between the United States and China is characterized by both cooperation and competition, making it uniquely complex. While China is a significant trading partner, the U.S. recognizes it as a competitor that engages in unfair practices such as intellectual property theft and cybersecurity breaches. The shift in U.S. policy under President Trump emphasizes viewing China not merely as a partner but as a potential adversary, particularly in economic and technological realms. This perspective marks a fundamental departure from previous administrations that aimed to facilitate China’s peaceful rise, highlighting the need for a robust approach to counteract emerging threats.

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