In a latest assertion shared on X (previously Twitter), Edward Snowden, the previous Nationwide Safety Company contractor and whistleblower, hailed Bitcoin as “the most significant monetary advance since the creation of coinage.” Snowden, recognized for his 2013 leak of NSA paperwork that uncovered the extent of worldwide surveillance packages, has been a vocal commentator on privateness, safety, and now, the implications of BTC for monetary autonomy and privateness.

Snowden’s assertion emphasizes BTC’s revolutionary position within the historical past of cash, suggesting that its decentralized, digital nature represents a elementary shift away from conventional, bodily types of foreign money and centralized monetary management.

His assertion, “Unpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage. If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry,” underscores a agency perception in Bitcoin’s worth proposition, regardless of acknowledging its controversial reception amongst critics and skeptics.

Unpopular however true: Bitcoin is probably the most important financial advance because the creation of coinage.

For those who do not imagine me or do not get it, I haven’t got time to attempt to persuade you, sorry.

— Edward Snowden (@Snowden) February 18, 2024

Snowden Acknowledges Bitcoin As Digital Gold

Snowden’s latest reward for BTC shouldn’t be an remoted occasion. Over time, he has constantly demonstrated a eager curiosity in Bitcoin on X, steadily sharing his ideas on the cryptocurrency. As an example, throughout the Tremendous Bowl, he quipped, “Everybody watching the #SuperBowl and here I am watching the Bitcoin chart,” showcasing his eager curiosity within the cryptocurrency’s market dynamics.

His observations have additionally touched upon regulatory milestones, such because the approval of spot ETFs in the US. Previous to their launch, Snowden famous, “Bitcoin ETFs were (finally) just approved for trading tomorrow, after ten years. Maybe the politics in Congress around cryptocurrency will get better once they realize it’s backstopping pension funds and retirement accounts.”

Following the ETF launch, Snowden commented on the shifting attitudes of monetary executives in direction of BTC, illustrating the affect of regulatory acceptance on BTC’s mainstream credibility. “Wild how the SEC approving a Bitcoin ETF was all it took to transform the CEO of JP Morgan from the King of Money into that guy who spends one half of every interview insisting ‘I don’t care about BTC,’ and the other half sobbing that it stole his wife and shot his dog,” he said.

Furthermore, Snowden has drawn comparisons between BTC and conventional belongings, stating in June 2022, “Gold is just Bitcoin that can’t be sent over the internet,” highlighting its distinctive benefits as a digital asset. His reflections lengthen to world monetary crises, as seen in his response to Lebanon’s 90% foreign money devaluation in February 2023, the place he implied, “*whispers* Bitcoin fixes this,” suggesting its potential position in mitigating financial instability.

Regardless of his endorsements, Snowden has not shied away from critiquing the premier cryptocurrency, significantly relating to its privateness options. In November 2021, he praised Zcash for advancing the privateness capabilities of cryptocurrency whereas critiquing BTC’s failure to handle this. “My primary criticism of Bitcoin is still, so many years later, that they haven’t addressed its enormous on-chain privacy problem,” Snowden remarked.

At press time, BTC traded at $52,347.