Edward Snowden Says Bitcoin Up 10x Since He Tweeted About Buying It, China’s Ban Makes BTC Stronger
Privacy activist and whistleblower Edward Snowden says that bitcoin is up about 10 times since he tweeted about buying it. Bitcoin is stronger “despite a coordinated global campaign by governments to undermine public understanding of — and support for — cryptocurrency,” he said.
Edward Snowden Says Bitcoin Stronger Despite Governments’ Anti-Crypto Campaign
Former computer intelligence consultant for the National Security Agency (NSA) and contractor for the Central Intelligence Agency (CIA), Edward Snowden, tweeted about bitcoin Sunday. It references another tweet he made last year that reads, “This is the first time in a while I’ve felt like buying bitcoin.”
“Sometimes I think back to this and wonder how many people bought bitcoin then,” Snowden wrote Sunday. “It’s up [about] 10x since, despite a coordinated global campaign by governments to undermine public understanding of — and support for — cryptocurrency. China even banned it, but it just made bitcoin stronger.”
The price of bitcoin rose from around $5K 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 made BTC legal tender alongside the U.S. dollar, the privacy activist wrote: “There is now pressure on competing nations to acquire bitcoin … Latecomers may regret hesitating.”
When Onlyfans said it would prohibit users from posting sexually explicit content due to mounting pressure from banking partners and payment providers, Snowden tweeted, “Bitcoin fixes this.” Furthermore, when President Joe Biden unveiled a historically large $6 trillion 2022 budget in May, Snowden wrote: “Six trillion dollars? This is good for bitcoin.”
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