The persecuted and exiled American Edward Snowden, gave his opinion on the recent surge in the price of Bitcoin. It is not the first time that the former agent of the Central Intelligence Agency (CIA), refers to the potential of the pioneer cryptocurrency.
In a short message on your account on the social network Twitter, the exile wrote «One word: Bitcoin». This is one of the many reactions that the cryptocurrency has caused to the current milestone it has achieved, reaching its all-time high in price.
At the time of writing, the value of Bitcoin stands at 23,700 US dollars, leaving behind the record of 2017. Some say that the price of the cryptocurrency could reach 30,000 before 2021, after a correction that could be seen as an opportunity to buy and shoot the value of Bitcoin again.
Why is Snowden speaking out in favor of Bitcoin?
Although Snowden’s statement in which he gave his opinion on Bitcoin was brief, it caused a stir among his followers on the networks. As already stated, it is not the first time that the former CIA agent refers to Bitcoin as a tool to escape state control.
On March 13 of this year 2020, Snowden commented on his intentions to invest money in Bitcoin. «This is the first time in a long time that I have wanted to buy Bitcoins. That drop was based on panic and has little reason to be‘He wrote at the time.
It should be remembered that, at that time, the price of Bitcoin bottomed out as a result of the announcement of the pandemic by the WHO. It was not just the leading cryptocurrency that suffered a sharp drop, but all the US, Asian and European markets.
The selling pressure on Bitcoin, due to nervousness, caused its price to drop to $ 3,600. This fact became an unprecedented buying opportunity, since in a short time the price began to rise. Less than 10 months after this, Bitcoin surpasses $ 23,000.
A growing crypto interest on the part of the exile
After denouncing aspects related to the violation of human rights by the United States, Snowden fled the country. Since then, he has been in exile in the Russian Federation where he enjoys the protection of the Eurasian nation.
Since then, in various interviews, he has expressed his growing interest in cryptocurrencies. A noteworthy chapter was during the 2019 Bitcoin Conference, in which the persecuted one assured that all the leaks of CIA documents that he carried out were paid for with Bitcoin.
In 2018, Snowden also gave his opinion on another aspect of Bitcoin, in this case of the digital mining of that cryptocurrency. «The reward for mining a round that was once worth pennies is now $ 100,000», He declared. He then added that it is a «reasonable business».
The persecution against Snowden could come to an end, following a possible amnesty by outgoing President Donald Trump. Although the certainty of this information has not yet been confirmed, the pardon would also cover Julian Assange and Ross Ulbricht.
Data to take into consideration
- The former CIA agent, currently in exile in Russia, has made no secret of his sympathies with cryptocurrencies.
- Snowden opined a couple of years ago that Bitcoin mining is one of the most reasonable businesses.
- The former agent also revealed a few years ago that the leak of documents for which he became famous, were paid with Bitcoin.
- There are rumors that the outgoing president of the United States, Donald Trump, could forgive this persecuted politician.