Journalist
Posted:
Edward Snowden, the well-known former National Security Agency contractor, expressed his support for Bitcoin [BTC] on February 18.
In particular he called the king’s coin the ‘most important’ monetary progress since the creation of coins.
Edward said to X (previous Twitter):
“Unpopular but true: Bitcoin is the greatest monetary advancement since coins were created. If you don’t believe me or don’t understand, I don’t have time to convince you, sorry.”
As a prominent advocate for privacy rights, he was drawn to the decentralized nature of Bitcoin’s blockchain technology. This provides a transparent system for financial transactions.
To hit the nail on the head
Snowden’s comments coincide with Bitcoin’s recent surge, which has risen nearly 23% since the start of 2024 to a 26-month high of $52,000.
According to Santiment, the rally was fueled by Bitcoin ETFs with average daily volume of over $29.65 billion in the previous week of February.
When noticing on the same, Snowden said:
“The computer can be used as a tool to liberate and protect people, rather than to control them.”
Snowden continues elaborated in his next tweet,
“Bitcoin ETFs have only been approved after a decade, which could potentially influence Congress’ cryptocurrency policy with cryptocurrency’s support for pensions.”
Snowden’s unflattering support for Bitcoin
Snowden’s strong belief in the transformative potential of cryptocurrencies like Bitcoin was further highlighted in a tweet amid SEC lawsuits targeting cryptocurrency exchanges.
He noticed the same thing expressed,
“Fix the money, fix the state.”
In conclusion, Snowden’s public acknowledgment of his interest in the Bitcoin chart during Super Bowl LVIII further demonstrated his belief in the importance of financial privacy and autonomy in the digital age.