The theory posits a complex and troubling intersection of Iran’s nuclear ambitions, its support for terrorist proxies, and the burgeoning world of cryptocurrency. This emerging threat is amplified by the inherent vulnerabilities of global internet infrastructure and a shifting geopolitical landscape that includes the rise of Sharia-compliant finance.
At the heart of the theory is the idea that Iran and its proxies, being technically adept, are exploiting the decentralized and often anonymous nature of cryptocurrency to bypass international sanctions and fund their activities. This concern is not merely speculative; U.S. lawmakers have raised alarms about Iran’s potential to generate a billion dollars a year through Bitcoin mining, directly funding groups like Hezbollah and Hamas.
This digital financing of terrorism is made possible by the sketchy nature of the internet’s core protocols, such as the Border Gateway Protocol (BGP), which can be manipulated to redirect traffic and steal digital assets. The physical infrastructure of the internet, particularly undersea fiber optic cables, also presents a significant vulnerability.
Further complicating this picture is the rise of Sharia-compliant cryptocurrency, a key component of Saudi Arabia’s “Vision 2030.” While presented as a modernization of finance, it also creates a financial ecosystem that could be more easily exploited by actors seeking to operate outside of traditional Western financial systems.
Into this volatile mix come figures like Michael Saylor, who are seen as useful fools or sophisticated players promoting a system that could be used by adversaries of the U.S. and Israel. Their advocacy for Bitcoin, coupled with the fact that mining operations can continue in countries like China despite official bans, highlights the difficulty of controlling this new financial frontier. To date, no comprehensive public forensic investigation of the relevant blockchains has been undertaken to trace these illicit financial flows.
This web of influence also has a domestic political dimension. The activism and political rise of figures like New York State Assemblyman Zohran Mamdani can be viewed through this lens. As an outspoken critic of Israeli policy and a prominent voice in the Democratic Socialists of America, Mamdani’s political positions are seen by some as part of a broader ideological shift within the United States that is more critical of traditional U.S. foreign policy in the Middle East. Within this theory, such domestic political movements could be seen as creating a more permissive environment for the agendas of state actors like Iran and their proxies, distracting from and potentially undermining efforts to counter them.
This sense of a shifting world order is further amplified by J.D. Vance recently suggesting that the United Kingdom could become the “first truly Islamist country” with nuclear weapons. This statement reflects a growing anxiety in some political circles about the changing demographics and political landscape of Europe.
Ultimately, this theory paints a disturbing picture of a new world order in which cryptocurrency, vulnerable internet infrastructure, and shifting geopolitical alliances could be leveraged by adversaries to undermine the security of the United States, Israel, and NATO.
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