Bitcoin conspiracy: Who created it and why?

The cryptocurrency conspiracy: the hidden plan behind Bitcoin

In 2004, the NSA patented the SHA-256 algorithm royalty-free, the cryptographic basis of Bitcoin. Four years later, bitcoin.org was registered and the famous Satoshi Nakamoto paper was published. The timing is just the beginning of a theory that claims Bitcoin was not born from four geeks, but as a tool to normalize digital money and pave the way for central bank digital currencies (CBDCs).

The Overton window: Bitcoin as a Trojan horse

The concept of the Overton window describes how something previously unthinkable becomes socially acceptable. In this framework, Bitcoin would have been deliberately created to get the population used to digital money, while the real goal is a system of total control. Supporters of this theory point out that Bitcoin's anonymity is only apparent: the CBDCs that are coming will not be anonymous, and the digital trail will allow unprecedented control. The irony is that the first to get rich with Bitcoin become the best propagandists for the system they supposedly fought against.

The NSA clue: the algorithm that started it all

SHA-256 was developed by the National Security Agency in 2001, patented in 2004, and adopted by Bitcoin in 2009. The timeline fits with the fall of Lehman Brothers in September 2008, the same month bitcoin.org was registered. For some analysts, this is no coincidence: Bitcoin would have been an intelligence project to channel financial discontent and, at the same time, create a controlled digital money ecosystem. The theory is reinforced by the fact that David Schwartz, one of the creators of XRP, had previously worked for the NSA and CNN.

XRP and Ripple: the connection to the financial system

At the center of the plot is XRP, Ripple's cryptocurrency. With 37 billion tokens in escrow (37% of the supply), Ripple presents itself as the bridge between the traditional financial system and the new one. The XRP network complies with the ISO 20022 standard, the same one used by central banks for their CBDCs. The departure of a Mastercard vice president to Ripple and rumors of negotiations with SWIFT fuel the theory that Ripple is the Trojan horse of the banking system. In 2018, Ripple transferred 300 million dollars in 3 seconds from GBP to USD for a cost of 0.05 dollars, a demonstration of its ability to replace traditional settlement systems.

Institutionalization: BlackRock and the end of decentralization

Bitcoin is no longer the rebel currency of the cypherpunks. BlackRock, the world's largest asset manager, controls Bitcoin ETFs and, according to some analyses, also the exchanges and USDT. BlackRock's strategy would be to bank Bitcoin, turning it into just another financial asset, controlled by the same institutions they claim to fight. The result: Bitcoin ceases to be an alternative and becomes an instrument of the system. Those who bought Bitcoin hoping to escape financial control now find that their investment is in the hands of the same elite they wanted to avoid.

The collapse scenario: debt, bonds, and the Fed

Meanwhile, the traditional financial system shows cracks. The United States is nearing 40 trillion dollars in public debt, with a deficit of 1.8 trillion. The Japanese 10-year bond spikes to 2.94%, levels not seen since 1996, and the Nikkei plunges 2.5%. The Fed, a private bank that prints money out of thin air, buys debt without limit. For conspiracy theorists, the collapse of the fiat system is the perfect catalyst to impose CBDCs. The Federal Reserve opposes Trump's proposed strategic Bitcoin reserve, but not out of principle: it simply doesn't want competition in controlling money.

China as a laboratory: the eYuan is already here

In China, the adoption of the digital yuan is total in cities. Officials are paid in eYuan, and cash disappears. Stores only accept mobile payments. The Chinese experience is presented as the model to trinc: a social credit system that, according to some, is already underway. The question is whether the West will trinc the same path. Those who have lived in China point out that the citizen points system is an invention of the Western media, but that doesn't stop the digital control of money from being real and total.

What to do? Preparing for the skeptics

Faced with this scenario, some recommend preparing for collapse: buying land, tools to produce food, seeds, farm animals, silver instead of gold, and weapons while possible. The logic is that digital money can be frozen or canceled by the regulator, and that tangible assets will be the only refuge. Others, more moderate, suggest keeping a low profile and diversifying into assets that don't depend on the financial system. The most repeated recommendation is not to invest more than you can afford to lose.

Opposing views: conspiracy or coincidence?

Not everyone accepts the theory. Some argue that Bitcoin is simply an experiment that worked, and that the coincidences with the NSA are the product of chance. The original decentralization, they argue, is still real, and governments cannot control the blockchain. However, growing institutionalization and the arrival of CBDCs make it increasingly difficult to defend the purity of the project. The reality is that Bitcoin has become just another financial asset, subject to the same manipulations as the stock market.

The unsettling fact: the Fed buys debt like in 2020

While the world debates whether Bitcoin is a conspiracy, the Fed has bought in 2026 the same amount of debt as in the entire 2019-2020 crisis. Citizens' savings evaporate, but the Fed doesn't care. The system is sustained on a mountain of debt that no one can pay. And in that context, controlled digital money is presented as the only way out. The question is not whether there will be a new monetary system, but who will control it.