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Edward Snowden calls Bitcoin ‘most significant’ in this area

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Edward Snowden believes that Bitcoin and its decentralized nature is the next big thing.

Edward Snowden calls Bitcoin the 'most significant' in this area

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Edward Snowden, the renowned former National Security Agency contractor, expressed his support for Bitcoin [BTC] on the 18th of February.

Notably, he called the king coin the ‘most significant’ monetary advancement since the creation of coinage.

Edward took to X (earlier Twitter), saying,

“Unpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage. If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”

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. 

Hitting the nail on the head

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

According to Santiment, the rally was fueled by Bitcoin ETFs averaging over $29.65 billion in daily volume in the previous week of February.

When remarking on the same, Snowden, said,

“The computer can be used as a tool to liberate and protect people rather than to control them.”

Snowden further elaborated in his next tweet, 

“Bitcoin ETFs were just approved after ten years, potentially influencing Congressional cryptocurrency politics with cryptocurrency’s support for pensions.”

Snowden’s unflattering support for Bitcoin

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.

Remarking on the same, he 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 showcased his belief in the importance of financial privacy and autonomy in the digital age.

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Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.
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