The recent release of the Epstein files on January 30 has unveiled unexpected connections between Jeffrey Epstein and key figures in the cryptocurrency space, particularly during the pivotal years of Bitcoin”s emergence. The documents reveal a blend of investment conversations, philosophical insights, and interactions with some of the most notable personalities in the crypto world.
In a surprising proposal made in 2016, Epstein suggested a “radical” idea to a Saudi royal advisor for creating two distinct digital currencies, one of which was envisioned as a “sharia” cryptocurrency tailored for Muslim nations. He expressed enthusiasm about the potential, noting, “I have spoken to some of the founders of Bitcoin who are very excited.” This was not the first instance of his interest; as early as 2013, he received a briefing on Bitcoin”s potential as a payment solution, and in a 2011 correspondence, he described Bitcoin as “brilliant,” while cautioning about its “serious downsides.” These exchanges indicate his keen awareness of cryptocurrency developments long before they gained mainstream traction.
Epstein”s engagement with Bitcoin was not merely superficial. In a July 2014 email exchange with billionaire investor Peter Thiel, he delved into the complexities of Bitcoin”s identity, stating, “There is little agreement on what Bitcoin is… store of value, currency, property…” This discussion highlighted Epstein”s grasp of the ideological debates surrounding Bitcoin, even drawing parallels to gender identity issues. However, his stance shifted in 2017 when he was asked if purchasing a Bitcoin was worthwhile; his succinct response was a definitive “No,” suggesting a lingering skepticism despite his previous intrigue.
Further insights into Epstein”s involvement with the cryptocurrency sector include his participation in the seed funding of Blockstream, a significant player in Bitcoin”s infrastructure, as revealed in a 2014 email thread. The co-founder, Austin Hill, reached out to Epstein and others to finalize funding allocations in an oversubscribed $18 million round. This involvement underscores Epstein”s financial interest in a major cryptocurrency company.
Additionally, Epstein was privy to early gossip about industry tensions, as evidenced in a 2014 email where Hill criticized Ripple”s Jed McCaleb for launching Stellar. This indicates Epstein”s insider status, being aware of conflicts within early blockchain communities.
Notably, a 2010 message from publicist Peggy Siegal mentions Michael Saylor, now a prominent advocate for Bitcoin. This connection demonstrates that Saylor was linked to Epstein prior to his rise in the crypto sphere. Moreover, Kevin Warsh, recently nominated by Trump as Fed Chair, appeared on Epstein”s guest list for a New Year”s party in 2010, raising eyebrows given his subsequent support for Bitcoin and Central Bank Digital Currency (CBDC) reform.
Importantly, investigations have yet to uncover any evidence of Epstein utilizing cryptocurrency for illicit activities. The Department of Justice has confirmed that while many details in the released documents remain unverified, there is no indication that Epstein engaged in money laundering or any criminal activities involving Bitcoin. Instead, his role appears to be that of a high-profile networker and an occasional investor, reflecting a fascination with the evolving landscape of cryptocurrency.
While Epstein was not a major player in the crypto market, these revelations indicate his deeper ties to Bitcoin”s foundational circles than previously understood. His funding of infrastructure projects, active participation in debates, and connections with influential individuals suggest that Epstein”s presence in the cryptocurrency realm, albeit tangential, could have had implications for the industry”s early development.
