US admiral says Bitcoin has important applications in national security

Adm. Samuel Paparo, commander of the U.S. Indo-Pacific Command, described Bitcoin as a "valuable computer science tool" and a means of "power projection" during a Senate Armed Services Committee hearing on April 21, Cointelegraph reported. He explained that its Proof-of-Work (PoW) technology imposes high costs on network attackers, giving it significant application value in cybersecurity beyond its economic uses. Paparo also characterized Bitcoin as a peer-to-peer, trustless method for value transfer, adding that he welcomes any technology that supports U.S. national power. The admiral's comments were in response to a question from Senator Tommy Tuberville, who noted that even China's top monetary policy think tank has started to view Bitcoin as a strategic asset and asked how the U.S. should respond.