Edward Snowden Applauds Bitcoin as the Pinnacle of Monetary Progress. đ»đȘ
Renowned whistleblower Edward Snowden recently took to X to express his unwavering support for Bitcoin, boldly declaring it the most significant monetary advancement since the inception of coinage.
Snowden, a consistent advocate for Bitcoin, emphasized its transformative potential in the context of the historic approval of Bitcoin Exchange-Traded Funds (ETFs) by the Securities and Exchange Commission (SEC). The cryptocurrency has seen a notable 23% surge in 2024, reaching a 26-month high of $52,000, with strong inflows, especially through spot ETFs, contributing to its rally.
In a subtle jab at JP Morgan CEO Jamie Dimon, Snowden underscored the increasing relevance and acceptance of Bitcoin in the financial world post-SEC approval. His mantra, "Fix the money, fix the state," reflects his belief in cryptocurrencies like Bitcoin as solutions to broader societal issues.
Snowden's intrigue with Bitcoin was evident during Super Bowl LVIII, where he publicly expressed interest in the cryptocurrency's chart, highlighting his ongoing fascination with this decentralized digital currency.
Market analytics platform Santiment revealed that Bitcoin ETFs have been averaging over $1.8 billion in daily volume through the first 15 days of February, solidifying Bitcoin's growing significance in the financial landscape.
In conclusion, Snowden's endorsement adds substantial weight to Bitcoin's position as a groundbreaking development, drawing parallels to the invention of coinage. As the cryptocurrency continues to gain momentum, its impact on the financial world becomes increasingly undeniable.
