Crypto News

Edward Snowden predicts government acquisition of Bitcoin in 2024


Famed whistleblower Edward Snowden made a bold prediction about X today, suggesting that a national government will enter the Bitcoin market this year by purchasing BTC.

“Prediction: It will be revealed this year that a national government purchased Bitcoin, the modern replacement for monetary gold, without publicly disclosing this fact,” Snowden said.

Snowden’s prediction comes amid growing interest in Bitcoin from institutions, retailers and nation states, with several large corporations and investment firms allocating significant resources to the asset. Although Snowden did not specify which government he believes would make the purchase, the prospect of a second national government acquiring Bitcoin and making it legal tender, as El Salvador did in 2021, would represent another step important for Bitcoin.

Earlier today, Salvadoran President Nayib Bukele commented on the recent rise in the price of Bitcoin, saying: “When the market price of Bitcoin was low, they wrote literally thousands of articles about our so-called losses. Now that the market price of Bitcoin is rising sharply, if we were to sell, we would make a profit of over 40% (just from market purchases), and our main source of BTC is now our citizenship program. We won’t sell, of course; at the end 1 BTC = 1 BTC (this was true when the market price was low and it is true now); but it is very telling that the authors of these hit articles, the “analysts”, the “experts”, the “journalists”, are completely silent now. »

El Salvador’s bet on Bitcoin appeared to pay off, not only in terms of increasing the value of its BTC investments, but also in attracting large amounts of tourism from Bitcoiners and investments into the country . Other countries might notice what Bitcoin has done for El Salvador and might want the same thing.

While Snowden’s prediction draws attention, it highlights the growing recognition of Bitcoin’s role in the global economy and its potential to reshape traditional financial systems.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button