Admiral Samuel Paparo, head of U.S. Indo-Pacific Command, told the Senate Armed Services Committee that Bitcoin (CRYPTO: BTC) “shows incredible potential” as a tool for U.S. national security in the competition against China.
The Power Projection Tool
Paparo testified before Congress on April 21 in response to Senator Tommy Tuberville (R-AR), who asked how leadership in Bitcoin might affect U.S. leverage, resilience, and deterrence in competition with China.
“Our research into Bitcoin is as a computer science tool,” Paparo said.
“It’s the combination of cryptography, a blockchain, and a proof of work. And Bitcoin shows incredible potential as a computer science tool,” he added.
Moreover, Paparo said Bitcoin’s proof-of-work system can impose real-world costs beyond traditional network security measures.
Beyond The Economic Use Case
The admiral emphasized applications “outside …
