News

Snowden Reacts to Bitcoin's New Price Milestone — Whistleblower Tweets 'One word: Bitcoin'

The price of bitcoin has just hit a historic milestone in a turbulent year, crossing the $20,000 threshold, refreshing its all-time high, and well-known crypto advocates such as Edward Snowden have been reacting to the news on social media.

Snowden Reacts to Bitcoin All-Time Highs

The famous American whistleblower published a brief but widely discussed statement among his followers on bitcoin:

One word: bitcoin

The tweet just came days after he also remembered his call on a BTC price comment he made back on March 13, 2020:

This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason.

At that time, the bottom done by bitcoin was made in the midst of the coronavirus pandemic outbreak that started to hit the world, which helped to fuel the selling pressure on BTC prices towards the $3,600 level.

Snowden and His Bitcoin Advocacy Background

Snowden, a former Central Intelligence Agency (CIA) employee, and National Security Agency (NSA) subcontractor has not hidden his interest in bitcoin. In recent years, he has made several bitcoin-friendly comments during interviews made from his exile in Russia.

At the Bitcoin 2019 Conference, the whistleblower revealed that the servers he used to leak thousands of the famous documents that made him famous were paid in BTC. Also, in 2018, he referred to crypto mining, stating at that time that bitcoin’s prices reflected the society that believes in its “usefulness” as a means of exchange:

The reward for winning a round, once worth mere pennies, is now around one hundred thousand dollars, making it economically reasonable for people to divert enormous amounts of energy, and data centers full of computer equipment, toward the math — or ‘mining’ — contest. Town-sized Godzillas of computation are being poured into this competition, ratcheting the difficulty of the problems beyond comprehension.

Several of his followers have also encouraged on his tweet about bitcoin’s ATH that he should be pardoned, as the crypto community has been vocal during the last few days in the midst of unconfirmed rumors that Julian Assange, Ross Ulbricht, and Snowden could be pardoned by the US President Donald Trump. However, nothing has been confirmed as of press time.

Tags in this story
Bitcoin, Bitcoin (BTC), bitcoin price forecast, bottom, CIA, Crypto Twitter, Cryptocurrencies, Edward Snowden, NSA, snowden, Snowden Bitcoin, whistleblower

What do you think about Snowden’s bitcoin advocacy? Let us know in the comments section below.

Felipe Erazo

Born in Colombia, Felipe earned a degree in journalism at the University of Chile with the highest honor in the overall ranking and holds a Bachelor of Arts in Social Communication. He is a writer with more than nine years of experience, first in the Forex field and later in the crypto industry as an analyst/news junkie. Among his interest topics include human rights, decentralization, financial markets, geopolitics, sports, and new technologies. An inveterate traveler, and always attracted to a good plate of food.

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, or 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 of or reliance on any content, goods or services mentioned in this article.

Read disclaimer
Show comments