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Edward Snowden, the famend former Nationwide Safety Company contractor, expressed his help for Bitcoin [BTC] on the 18th of February.
Notably, he referred to as the king coin the ‘most significant’ monetary advancement because the creation of coinage.
Edward took to X (earlier Twitter), saying,
“Unpopular however true: Bitcoin is probably the most vital financial advance because the creation of coinage. If you happen to don’t consider me or don’t get it, I don’t have time to attempt to persuade you, sorry.”
As a outstanding advocate for privateness rights, he was attracted by the decentralized nature of Bitcoin’s blockchain expertise. This affords a clear system for monetary transactions.
Hitting the nail on the top
Snowden’s remarks coincide with Bitcoin’s latest surge, rising almost 23% because the begin of 2024 to achieve a 26-month excessive of $52,000.
In keeping with Santiment, the rally was fueled by Bitcoin ETFs averaging over $29.65 billion in each day quantity within the earlier week of February.
When remarking on the identical, Snowden, mentioned,
“The pc can be utilized as a instrument to liberate and defend folks fairly than to regulate them.”
Snowden additional elaborated in his subsequent tweet,
“Bitcoin ETFs have been simply permitted after ten years, probably influencing Congressional cryptocurrency politics with cryptocurrency’s help for pensions.”
Snowden’s unflattering help for Bitcoin
Snowden’s sturdy perception within the transformative capabilities of cryptocurrencies akin to Bitcoin was additional highlighted in a tweet amidst SEC lawsuits focusing on cryptocurrency exchanges.
Remarking on the identical, he expressed,
“Repair the cash, repair the state.”
In conclusion, Snowden’s public acknowledgment of his curiosity within the Bitcoin chart throughout Tremendous Bowl LVIII additional showcased his perception within the significance of monetary privateness and autonomy within the digital age.