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Military leaders pivot to Bitcoin as national security tool

Wednesday, April 29, 2026 · from 3 podcasts, 4 episodes
  • A top US admiral calls Bitcoin a ‘valuable computer science tool’ for national power projection.
  • This strategic view aligns with China’s own research on Bitcoin as a strategic reserve asset.
  • The shift frames Bitcoin in cybersecurity terms, moving beyond speculative finance.

The US military is reclassifying Bitcoin. Admiral Samuel Paparo, commander of the US Indo-Pacific Command, recently told the Senate that Bitcoin’s architecture - its peer-to-peer, zero-trust transfer of value - is a strategic tool for national security. This isn’t a price call. It’s a cybersecurity thesis.

On Bitcoin And, the host noted this aligns with theories popularized by Space Force Major Jason Lowery, framing proof-of-work as a hardware-backed defense that imposes physical costs on digital adversaries. The military debate is no longer about Bitcoin’s legitimacy but how its properties deter attacks in great power competition.

“Admiral Samuel Papparo... called Bitcoin a valuable computer science tool for national power and security.”

- Host, Bitcoin And

The geopolitical context is multipolar. On Simon Dixon Hard Talk, the argument is that a transnational financial-industrial complex is deconstructing the dollar-based empire, with regimes changing to manage the transition. Within this shift, hard assets outside traditional systems gain strategic value.

Senator Tommy Tuberville, co-sponsor of the Bitcoin Act, is already pushing for the US Treasury to acquire 1 million Bitcoin, mirroring the strategy for gold reserves. According to the Bitcoin And host, China’s International Monetary Institute is circulating its own research on Bitcoin as a strategic reserve asset.

This military and state-level pivot creates a new floor for Bitcoin’s narrative. It’s not just an opt-out for individuals, as Dixon advocates, but an instrument being evaluated for power projection. The ledger is now part of the SITREP.

Source Intelligence

- Deep dive into what was said in the episodes

How The Banking System Turned YOU into a DEBT SLAVE | Simon Dixon on Simply Bitcoin (19 April 2026)Apr 24

  • Simon Dixon defines the Financial Industrial Complex (FIC) as a transnational governance structure that has captured Western governments, co-opted sovereign wealth funds, and cooperates with centralized governments like China's CCP.
  • At its base, the FIC is commercial banks that create fiat currency through loan issuance. Their primary goal is to turn individuals into collateralized debt obligations via mortgages, credit cards, and student loans, creating a cycle of debt slavery.
  • The FIC's capital control cycle begins with venture capital, moves to private equity and credit, and culminates in taking companies public. Once public, firms are loaded with corporate debt and controlled by index funds, investment banks, and the bond market.
  • The FIC manages trillions through insurance, pensions, and endowments to dictate capital flow via asset management. Central banks socialize losses and privatize gains, while lobbies rent Congress to direct money printing into FIC-owned corporate entities.
  • Dixon argues the military-industrial complex creates wars to ensure the debt-based Ponzi scheme continually rolls over. Deep state intelligence agencies bribe the judicial branch and install board seats in public companies to control all aspects of government and corporate life.
  • The petrodollar system, established after King Faisal's assassination, required oil purchases in dollars to be recycled into US Treasuries, rolling over the debt Ponzi scheme. Trump's first term broke it by making America an energy exporter, competing with the Middle East.
  • Dixon discovered Bitcoin in 2011 at $3, seeing it as an exit from the system. He later observed the sector getting co-opted as companies like Coinbase went public, ETFs like BlackRock's launched, and people borrowed against Bitcoin, giving Wall Street more power.
  • The winning strategy is to boycott the FIC by opting out: hold Bitcoin in self-custody to boycott custodians and ETFs, avoid borrowing against it to boycott banks, and build parallel local systems and supply chains.
  • Dixon believes Bitcoin will not fix the world but will create a new cycle of elites. A minority maintaining the Bitcoin ethos can achieve sovereignty, while most will hold it in custody, further empowering the FIC.
  • For individuals, Dixon advises maximizing the arbitrage between income and expenses to buy more Bitcoin monthly for at least 10 years. He personally defaulted on £250k of debt to buy Bitcoin, later negotiating a settlement after accumulating wealth.
Also from this episode: (5)

Politics (5)

  • The FIC executes regime changes to transition between empires, deconstructing the pro-dollar system to move towards multipolarity. This involves breaking the Japan carry trade, Eurodollar system, and petrodollar through managed events like tariffs and the Epstein files release.
  • Dixon claims Trump's 2026 meeting with Xi Jinping will mark the new world order. The Strait of Hormuz closure reprices 50 commodities, benefiting nationalized oil in Iran and Russia, China's manufacturing base, and private oil corps like Chevron and Exxon.
  • Dixon states Trump's primary funders were Elon Musk (Technical Industrial Complex), the Mellon banking family (FIC), and Miriam Adelson connected to Israel (Military-Industrial Complex). His policies delivered stimulus to all three complexes while inflation and debt burdens fell on the public.
  • Governments captured by the FIC serve three functions: a piggy bank to funnel money to corporate sectors, a mechanism to dampen inflation via taxation, and a battering ram creating left/right narratives to make votes feel consequential.
  • Historical empire transitions followed a pattern: the Dutch East India Company model was taken over by the British, then the American Federal Reserve system after World Wars. Each transition involved rug pulls, gold confiscation, and rewriting history.

The Currency War: Gold, Yuan, Oil & the Future of Dollar DominanceApr 24

  • Simon Dixon argues a currency war is being negotiated globally, reshaping money through oil, gold, yuan, and FX swaps, while public attention is distracted by military theatrics.
  • Simon Dixon warns against Bitcoin in custodial ETFs, which allow financialization and manipulation by firms like Jane Street. He advocates for Bitcoin and gold in self-custody as sovereign exits from the system.
  • This week saw $3.5 billion of Tether frozen and $13 billion exit DeFi contracts, causing $1 billion to flow into Bitcoin ETFs and self-custody. Dixon frames this as an attack on stablecoins and DeFi to push crypto into centralized, bank-controlled rails.
Also from this episode: (8)

Politics (1)

  • The US, UK, and EU governments are subordinate to a private financial-industrial complex (FIC) comprising central banks, investment banks, and asset managers. Trump, Starmer, and EU leaders negotiate for this private corporate interest, not their nations.

Energy (3)

  • The Golden Pass LNG project is 70% owned by Qatar and 30% by Exxon, not America. LNG contracts were canceled via force majeure and are being renegotiated at higher prices, benefiting the financial-industrial complex.
  • Saudi Aramco is a 100% subsidiary of Saudi Arabia, with only 2% floated on the stock market. It is positioned to benefit from refining Venezuelan oil as part of broader geopolitical renegotiations.
  • Iran holds 3-4 million barrels per day of oil offline due to sanctions. If sanctions lift, this oil returns at global prices, not the discount China pays, fundamentally reshaping OPEC dynamics and currency pricing.

Business (1)

  • The Fed pays a 6% dividend to its shareholders based on assets on its balance sheet. US consumers bear the national debt burden while the financial-industrial complex receives the yield, extracting wealth in a K-shaped economy.

Markets (1)

  • $69 trillion of US assets are foreign-controlled. The global shareholder class uses US Treasuries and equities as leverage to influence American policy through capital flows and lobbies.

China (2)

  • China has reduced its US Treasury holdings from $1.4 trillion to about $650 billion, buying gold and investing in its Belt and Road Initiative instead to prepare for a multipolar transition.
  • China's alternative payment system, CIPS, is integrated with 110 countries. It works with the mBridge network of central bank digital currencies to settle trade outside SWIFT, reducing dollar dependence.

RABBIT HOLE RECAP #406: THE LAYOFFS CONTINUEApr 23

  • Odell argues Bitcoin is the victor in a world where central bankers devalue their currencies, positioning it as a safe haven against fiat instability.
  • US Admiral Paparo told Congress that the US military runs a Bitcoin node and sees "incredible potential" for national security, echoing the Jason Lowery thesis of Bitcoin as a power projection tool.
  • Odell argues Bitcoin is a national security asset because it blocks Chinese currency dominance, makes American citizens resilient, and incentivizes energy generation crucial for AI infrastructure.
  • Tether froze over $344 million in USDT across two Tron wallets in coordination with OFAC and US law enforcement, bringing its total frozen assets to over $4.4 billion from more than 340 agencies.
  • Scammers posed as toll collectors in the Strait of Hormuz, demanding Bitcoin or stablecoins from ships, some of which paid and then faced warning shots from the IRGC, highlighting high-stakes crypto scams.
  • Nunchuk now supports Coldcard HSM, allowing Bitcoin agents to sign transactions based on a predefined rule set, ideal for securing large funds without constant manual oversight.
  • Mempool version 3.3 introduced advanced Bitcoin features, including support for sub-1 tap for v-byte, ephemeral dust, decimal fee recommendations, and enhanced Taproot script visualization.
Also from this episode: (9)

Big Tech (3)

  • Palantir's "Technological Republic Manifesto" advocates for universal national service, prompting Odell to question why a tech company is publicly pushing such policy objectives.
  • Palantir is partnering with the US Department of Agriculture to modernize services for American farmers, a move Odell fears could lead to surveillance akin to France's drone-based forced cattle vaccination program.
  • Microsoft is offering voluntary buyouts to 7% of its 230,000 employees (16,000 people), while Meta announced 10% layoffs impacting 8,000 of its 80,000 employees, indicating ongoing tech sector restructuring.

AI & Tech (2)

  • Worldcoin's iris scanning proof-of-human protocol is reportedly integrated with Tinder and Zoom, offering users priority features or verification, which Odell views as an early form of social credit scoring.
  • Elon Musk's proposal for "universal high income" via federal checks to address AI-driven unemployment is criticized by Odell as a deliberate lie, as printing money causes inflation and such income is contradictory.

Censorship (1)

  • The internet blackout in Iran has persisted for 55 consecutive days, reducing connectivity to 2% of normal levels for 1,296 hours, with the government restricting external access while elites maintain it.

Markets (2)

  • A Polymarket bettor manipulated a weather market by using a hairdryer on a single temperature sensor at the Paris airport, making $35,000 before being arrested by French police for market interference.
  • The iShares Expanded Tech Software Sector ETF (IGV) dropped 5.8% on news of tech layoffs, suggesting the market is pricing in AI's disruptive potential for software companies and their workforces.

Privacy (1)

  • The DOJ accessed Signal messages by exploiting an Apple iOS bug that retained notification banners for 30 days, even after app uninstallation; Apple has since patched this in iOS version 26.4.2.

The Oracle At Delphi | Bitcoin NewsApr 22

  • The Volo protocol, a DeFi platform on the SUI blockchain, suffered a security breach that drained $3.5 million from three yield-generating vaults, contributing to over $10 billion in total losses across DeFi and bridge protocols.
  • Admiral Samuel Papparo, Commander of the United States Indo-Pacific Command, called Bitcoin a valuable computer science tool for national power and security, emphasizing its peer-to-peer, zero-trust transfer of value.
  • Senator Tommy Tuberville, co-sponsor of the Bitcoin Act, is pushing for the US Treasury to acquire 1 million Bitcoin over time, mirroring US gold reserves, while the host views the Strategic Bitcoin Reserve Executive Order as currently symbolic without Congressional codification.
  • DoorDash plans to offer stablecoin payments to its dashers and merchants via Tempo Blockchain, citing benefits like faster payouts, lower cross-border costs, and transaction flexibility for its users across more than 40 countries.
  • A16z Crypto-backed Jensen launched Delphi, an AI-settled 'information markets' platform built on Ethereum's OP Stack, aiming to offer niche, creator-owned markets resolved by verifiable AI models and generating revenue for creators and the network's native AI token.
Also from this episode: (6)

Regulation (3)

  • Kraken filed 56 million crypto transaction forms (Form 1099-DA) for the 2025 tax year, with a significant portion covering micro-transactions under $1, exposing substantial compliance burdens on both taxpayers and the IRS.
  • Kraken advocates for a broader inflation-indexed de minimis exemption for crypto transactions and allowing taxpayers to elect when staking rewards are taxed to address issues of micro-transaction reporting and 'phantom income.'
  • New York Attorney General Letitia James filed lawsuits against Coinbase and Gemini, alleging they operate illegal gambling platforms through prediction markets without state licenses, specifically citing access for users under 21.

Markets (1)

  • Kalshi and Polymarket are racing to launch cryptocurrency perpetual futures, expanding beyond event-based contracts; Kalshi, regulated by the CFTC, will launch April 27 with Polymarket following closely, both seeking to capture continuous trading volume.

Models (1)

  • Sullivan & Cromwell, a major Wall Street law firm, apologized to a federal judge for submitting a court filing containing AI 'hallucinations' including non-existent case citations, highlighting the risks of unvetted AI use in legal work.

AI & Tech (1)

  • The host, David Bennett, criticizes teachers who use AI to detect AI-generated student work while not understanding the tool themselves, arguing that educators should instead teach students how to use AI ethically and productively.