/ISIS Invests in Bitcoin

ISIS Invests in Bitcoin

Since their opus of power after the invasion of Iraq and Syria in 2014, the infamous jihadi militant group ISIS has been on the run; from both guns, and the bank. Having lost over half of its territory in the last two years along with 80% of its oil income, the Islamic State has declared it has heavily invested in the cryptocurrency craze.

In a recent press briefing, ISIS spokesmen Abi al-Hassan al-Muhajer has expressed the Islamic State’s faith in the anonymous online cryptocurrency, stating “The Quran very clearly states that decentralized anonymous currency is a pillar of the Islamic faith.” He also declared ISIS’s disappointment in Coinbase.com’s exchange fees.

Bitcoin broke records this month when it rocketed in value past $10,000; pleasing Investors, but worrying the Trump Administration. In a response to an American Press reporter’s question, White House Press Secretary Sarah Huckabee Sanders says “Terrorists investing in Bitcoin is something being monitored by our team…We are more concerned about other Islamic extremists inflating the Ethereum market cap, like Al Qaeda.”  

Meanwhile, Wall Street continues to bank on Bitcoin. NASDAQ announced plans this month to let investors bet on Bitcoin volatility by the first quarter of 2018, adding interest of attracting new “Far East Friends” to invest.