Renowned American whistleblower Edward Snowden once again took to his Twitter account to talk about bitcoin. This time, he confirmed on December 7, his bottom line call for the crypto to arrive on March 12, 2020.
Snowden Remembers His Call on Bitcoin’s Bottom in March 2020
Edward Snowden, a former employee of the Central Intelligence Agency (CIA), and a sub-contractor of the National Security Agency (NSA) re-tweeted a message that stated has posted on March 13, 2020, where he made the following statement on the price of bitcoin at that time:
This is the first time in a long time I have felt like buying bitcoin. That fall was too much panic and too little reason.
Such a tweet was announced in the midst of the coronavirus pandemic outbreak that began to affect the world, and helped BTC’s price plummet to the $ 3,600 level. That day on March 12, following a BTC cut to $ 3,600, the crypto asset quickly jumped into the $ 5k handle.
Despite the pessimism that arose among some people toward bitcoin and the fact that it had removed $ 22 billion from its market in one day, Snowden remained optimistic.
Now, one of the world’s most notorious whistleblowers published the following message before the March tweet tweeted the old place the bottom predicted with the text “bitcoin was ~ $ 5,000”:
Today I learned that the dollar has lost 99.93% of its value since 2013 (compared to Bitcoin).
At the time of publication, bitcoin (BTC) is trading between $ 18,900 to $ 19,200 per unit, with a market cap of over $ 350 billion, as the leading crypto is still treading the waters at all-time highs seen back in 2017 close to $ 20,000.
Snowden Advocacy for Bitcoin
But this is not the first place, nor the first year where Snowden has been vocal in favor of bitcoin.
During an interview in 2018, Snowden, who lives in Russia after receiving refuge from the Russian government, pointed out that BTC’s price reflects the society that believes in its “usefulness” as a means of exchange.
He also referred to crypto mining:
The prize for winning a round, which was once worth a penny, is now about a hundred thousand dollars, making it economically reasonable for people to divert large amounts of energy, and computer-equipped data centers, towards to the maths – or the ‘mining’ – contest. Godzillas town computation is poured into this contest, coinciding with the difficulty of the problems beyond comprehension.
What are your thoughts on Snowden’s advocacy of bitcoin? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, nor a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.