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Edward Snowden Says Bitcoin Has Gained 10X Since Tweeting Its Purchase, China Ban Makes BTC Stronger

lexmor by lexmor
October 5, 2021
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Edward Snowden Says Bitcoin Has Gained 10X Since Tweeting Its Purchase, China Ban Makes BTC Stronger
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Edward Snowden, a privacy activist and whistleblower, says bitcoin has gone up about 10 times since he tweeted about its purchase. He said Bitcoin is stronger “despite a coordinated global campaign by governments to undermine public understanding and support for cryptocurrency.”

Edward Snowden Says Bitcoin Is Stronger Despite Governments’ Anti-Crypto Campaign

Edward Snowden, a former computer intelligence advisor to the National Security Agency (NSA) and a contractor with the Central Intelligence Agency (CIA), tweeted about bitcoin on Sunday. He points to another tweet he wrote last year: “This is the first time in a while I’ve felt like buying Bitcoin.”

“Sometimes I remember this and wonder how many people bought bitcoin at the time,” Snowden wrote on Sunday. “is over [about] 10x since then, despite a coordinated global campaign by governments to undermine public understanding and support for cryptocurrencies. China even banned it, but it only made Bitcoin stronger.”

The price of Bitcoin has gone from about $5,000 when he tweeted on March 13, 2020, to about $50K at the time of writing based on data from Bitcoin.com Markets.

Snowden has long been a supporter of bitcoin, tweeting about the cryptocurrency on multiple occasions.

When El Salvador submitted a legal tender for BTC alongside the US dollar, the privacy activist wrote, “There is now pressure on countries competing for bitcoin… Latecomers may regret the hesitation.”

When Onlyfans said it would ban users from posting sexually explicit content due to increased pressure from banking partners and payment providers, Snowden tweeted, “Bitcoin is fixing this.” Moreover, when President Joe Biden unveiled a historically large $6 trillion budget for 2022 in May, Snowden wrote: “Six trillion? That’s good for bitcoin.”

What do you think of Edward Snowden’s comments about Bitcoin? Let us know in the comments section below.

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