Key Points
Edward Snowden, well-known for his previous work with the National Security Agency, publicly voiced his support for Bitcoin (BTC) on February 18th. He notably referred to Bitcoin as the most significant monetary development since the inception of coinage.
Snowden, a strong advocate for privacy rights, is drawn to the decentralized nature of Bitcoin’s blockchain technology. He appreciates this technology as it provides a transparent system for financial transactions.
Snowden’s Remarks Amid Bitcoin’s Surge
Snowden’s comments align with Bitcoin’s recent surge. The cryptocurrency has risen nearly 23% since the beginning of 2024, reaching a 26-month high of $52,000.
The rally, according to Santiment, was spurred by Bitcoin ETFs averaging over $29.65 billion in daily volume in the previous week of February. Snowden commented on this, stating that computers can be used as tools to liberate and protect people rather than control them.
He further stated that Bitcoin ETFs were approved after ten years, potentially influencing Congressional cryptocurrency politics. He mentioned the support of cryptocurrencies such as Bitcoin for pensions.
Snowden’s firm belief in the transformative power of cryptocurrencies like Bitcoin was further emphasized amidst SEC lawsuits targeting cryptocurrency exchanges. He expressed his sentiment concisely, stating, “Fix the money, fix the state.”
Finally, Snowden’s interest in the Bitcoin chart during Super Bowl LVIII was publicly acknowledged. This further demonstrated his belief in the significance of financial privacy and autonomy in the digital era.
