Edward Snowden Anticipates Government Acquisition of Bitcoin in 2024

by Heber Wilkinson

Renowned whistleblower Edward Snowden has made a plucky prediction on X this day, suggesting that a nationwide government will enter the Bitcoin market this 365 days by buying BTC.

JUST IN: Edward Snowden predicts “A nationwide government will seemingly be printed this 365 days to beget been in search of #Bitcoin with out having disclosed that reality publicly.” pic.twitter.com/ECauNV3DvA

— Bitcoin Journal (@BitcoinMagazine) February 28, 2024

“Prediction: A nationwide government will seemingly be printed this 365 days to beget been in search of Bitcoin—the in vogue replacement for financial gold—with out having disclosed that reality publicly,” Snowden stated.

Snowden’s prediction comes amid increasing institutional, retail, and nation mutter hobby in Bitcoin, with several major companies and funding companies allocating foremost sources to the asset. While Snowden did no longer specify which government he believes will method the acquisition, the prospect of a second nationwide government procuring Bitcoin and making it ravishing gentle, admire El Salvador did in 2021, would signify one other mountainous milestone for Bitcoin.

Earlier this day, El Salvador President Nayib Bukele commented on Bitcoin’s contemporary set aside amplify, pointing out “When Bitcoin’s market set aside used to be low, they wrote actually hundreds of articles about our supposed losses. Now that Bitcoin’s market set aside is technique up, if we beget been to promote, we would method a profit of over 40% (ravishing from the market purchases), and our major supply of BTC is now our citizenship program. We acquired’t promote, or direction; at the live 1 BTC = 1 BTC (this used to be appropriate when the market set aside used to be low and it’s appropriate now); but it completely’s very telling that the authors of these hit objects, the “analysts”, the “experts”, the “journalists”, are totally quiet now.”

El Salvador’s bet on Bitcoin has perceived to repay, no longer ravishing from the standpoint of their BTC investments increasing in set aside, but moreover from attracting clean amounts of tourism from Bitcoiners and funding within the nation. Hundreds of international locations would maybe presumably presumably be taking look of what Bitcoin has accomplished for El Salvador, and would maybe presumably presumably need the same.

As Snowden’s prediction garners attention, it underscores the increasing mainstream recognition of Bitcoin’s function within the area economy and its doubtless to reshape dilapidated financial systems.

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