Edward Snowden Describes Bitcoin as Most Significant Monetary Advance Since the Creation of Coinage

Edward Snowden Describes Bitcoin as Most Significant Monetary Advance Since the Creation of Coinage

Edward Snowden, a privacy advocate and former National Security Agency (NSA) contractor and whistleblower, asserts that bitcoin “is the most significant monetary advance since the creation of coinage.” He stands by his statement as “unpopular but true.

Unpopular but True: Edward Snowden on Bitcoin

Edward Snowden, known for his role as a computer intelligence consultant and whistleblower who leaked highly classified information from the NSA in 2013, took to the social media platform X to discuss bitcoin. He emphasized:

“Unpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage.”

Snowden’s post garnered a variety of responses, with many echoing his sentiment. Dave Benner, for instance, commented, “Bitcoin exemplifies the separation of money and state, and that’s what the world needs more than anything right now.” Bitcoin advocate Robert Breedlove also replied, highlighting the historical context of coinage and bitcoin’s unique properties.

However, some individuals on X disagreed with Snowden’s perspective. 

Jeff Hosterman, for example, argued against bitcoin’s significance as money, citing issues of traceability and privacy.

Snowden frequently shares his views on bitcoin on X. From monitoring bitcoin charts during the Super Bowl to commenting on its potential to address currency devaluation, he actively engages with the cryptocurrency landscape. 

He also commented on the approval of bitcoin ETFs by the SEC, suggesting their potential impact on cryptocurrency politics and financial markets.

Despite occasional criticism, Snowden clarifies that his engagement with bitcoin predates his public discussions, emphasizing its utility and comparing it to gold as a digital asset.

Also Read, Robert Kiyosaki Anticipates Bitcoin Surge, Predicts Gold to Plummet Below $1,200