According to PANews, Edward Snowden emphasized the pitfalls of political allegiance and privacy issues surrounding Bitcoin during his keynote speech at the Bitcoin 2024 Conference. He urged individuals to participate in voting but cautioned against blindly following political ideologies. Snowden raised significant concerns about Bitcoin's privacy, noting that transactions are not anonymous and can be traced back to individuals, posing a risk to personal privacy.

Snowden clarified that despite the common misconception that Bitcoin transactions offer complete anonymity, most transactions can be linked through various entry and exit points, such as regulatory-compliant exchanges. This linkage makes it possible to track transaction histories, potentially revealing sensitive information about users' lives and relationships.