{"id":371031,"date":"2024-02-20T04:00:31","date_gmt":"2024-02-19T22:30:31","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=371031"},"modified":"2024-02-19T19:25:21","modified_gmt":"2024-02-19T13:55:21","slug":"edward-snowden-calls-bitcoin-most-significant-in-this-area","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/edward-snowden-calls-bitcoin-most-significant-in-this-area\/","title":{"rendered":"Edward Snowden calls Bitcoin ‘most significant’ in this area"},"content":{"rendered":"

Edward Snowden, the renowned former National Security Agency contractor, expressed his support for Bitcoin [BTC]<\/a> on the 18th of February.<\/span><\/p>\n

Notably, he called the king coin the \u2018most significant\u2019 monetary advancement<\/a> since the creation of coinage. <\/span>
\n<\/span>
\n<\/span>Edward took to X (earlier Twitter), saying,<\/span><\/p>\n

\u201cUnpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage. If you don\u2019t believe me or don\u2019t get it, I don\u2019t have time to try to convince you, sorry.\u201d<\/span>
\n<\/span><\/p><\/blockquote>\n

As a prominent advocate for privacy rights, he was attracted by the decentralized nature of Bitcoin’s blockchain technology. This offers a transparent system for financial transactions.\u00a0<\/span><\/p>\n

Hitting the nail on the head<\/b>
\n<\/span><\/h4>\n

Snowden’s remarks coincide with Bitcoin’s<\/a> recent surge, rising nearly 23% since the start of 2024 to reach a 26-month high of $52,000. <\/span><\/p>\n

According to Santiment, the rally was fueled by Bitcoin ETFs averaging over $29.65 billion in daily volume in the previous week of February.<\/span>
\n<\/span><\/p>\n

When remarking<\/a> on the same, Snowden, said,<\/span><\/p>\n

\u201cThe computer can be used as a tool to liberate and protect people rather than to control them.”<\/span>
\n<\/span><\/p><\/blockquote>\n

Snowden further elaborated<\/a> in his next tweet,\u00a0<\/span><\/p>\n

\u201cBitcoin ETFs were just approved after ten years, potentially influencing Congressional cryptocurrency politics with cryptocurrency’s support for pensions.\u201d<\/span><\/p><\/blockquote>\n

Snowden\u2019s unflattering support for Bitcoin <\/b>
\n<\/span><\/h4>\n

Snowden’s strong belief in the transformative capabilities of cryptocurrencies such as Bitcoin was further highlighted in a tweet amidst SEC lawsuits targeting cryptocurrency exchanges. <\/span>
\n<\/span>
\n<\/span>Remarking on the same, he expressed<\/a>,
\n<\/span><\/p>\n

“Fix the money, fix the state.”<\/span>
\n<\/span><\/p><\/blockquote>\n

In conclusion, Snowden’s public acknowledgment of his interest in the Bitcoin chart during Super Bowl LVIII further showcased his belief in the importance of financial privacy and autonomy in the digital age. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Edward Snowden believes that Bitcoin and its decentralized nature is the next big thing.<\/p>\n","protected":false},"author":66,"featured_media":371048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[],"class_list":["post-371031","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nEdward Snowden calls Bitcoin 'most significant' in this area - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Edward Snowden shows strong support for the king coin amidst SEC's recent Bitcoin ETF approval and Bitcoin rally.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/edward-snowden-calls-bitcoin-most-significant-in-this-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Edward Snowden calls Bitcoin 'most significant' in this area - 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