Edward Snowden Anticipates Authorities Acquisition of Bitcoin in 2024

Famend whistleblower Edward Snowden has made a daring prediction on X right this moment, suggesting {that a} nationwide authorities will enter the Bitcoin market this yr by buying BTC.

“Prediction: A nationwide authorities can be revealed this yr to have been shopping for Bitcoin—the trendy alternative for financial gold—with out having disclosed that reality publicly,” Snowden stated.

Snowden’s prediction comes amid rising institutional, retail, and nation state curiosity in Bitcoin, with a number of main firms and funding corporations allocating important assets to the asset. Whereas Snowden didn’t specify which authorities he believes will make the acquisition, the prospect of a second nationwide authorities buying Bitcoin and making it authorized tender, like El Salvador did in 2021, would signify one other enormous milestone for Bitcoin.

Earlier right this moment, El Salvador President Nayib Bukele commented on Bitcoin’s current value improve, stating “When Bitcoin’s market value was low, they wrote actually hundreds of articles about our supposed losses. Now that Bitcoin’s market value is method up, if we have been to promote, we’d make a revenue of over 40% (simply from the market purchases), and our principal supply of BTC is now our citizenship program. We received’t promote, or course; on the finish 1 BTC = 1 BTC (this was true when the market value was low and it’s true now); however it’s very telling that the authors of these hit items, the “analysts”, the “consultants”, the “journalists”, are completely silent now.”

El Salvador’s guess on Bitcoin has appeared to repay, not simply from the attitude of their BTC investments rising in worth, but in addition from attracting giant quantities of tourism from Bitcoiners and funding within the nation. Different international locations could also be taking discover of what Bitcoin has executed for El Salvador, and might want the identical.

As Snowden’s prediction garners consideration, it underscores the rising mainstream recognition of Bitcoin’s position within the world financial system and its potential to reshape conventional monetary methods.

Leave a Comment