‘One Word: Bitcoin’ Edward Snowden Reacts to BTC’s New All-Time High

Spread the love
Famous American whistleblower Edward Snowden has reacted to the price of bitcoin hitting a new all-time high with a simple tweet that ignited discussions across social media. In the tweet, he merely referenced the flagship cryptocurrency.

The tweet came days after Snowden recalled a tweet he made earlier this ear saying it was the “first time in a while” he felt like buying BTC. The tweet came at a time in which the price of the cryptocurrency dropped by about 50% as U.S. market indices entered bear market territory and the World Health Organization (WHO) declared COVID-19 a pandemic.

At the time the price of bitcoin dropped to a low of little over $4,000. Since then the price of the cryptocurrency has been surging and recently hit a new all-time high above $23,000. Snowden, it’s worth noting, is well-known as a bitcoin proponent.

In response to his tweet, many in the cryptocurrency community were quick to publish guides and relevant information for potential newcomers who came across the tweet. Other responses led to debates on the viability of cryptoassets.

RECOMMENDED READ:  DeFi lender Aave issues its first ‘credit delegation’ loan

Snowden, a former Central Intelligence Agency (CIA) employee, and a National Security Agency (NSA) subcontractor, has revealed at the Bitcoin 2019 Conference that the servers he used to leak government secrets were paid for in bitcoin.

Bitcoin’s move to a new all-time high also saw the cryptocurrency start trending on Twitter, as mainstream news outlets reported on its performance and most commented on it.

Over the last 12 months, the price of bitcoin is up over 248%, and some analysts now believe the cryptocurrency’s price still has room to grow and could reach $100,000 in the near future. As reported, a Genesis Mining survey found 17% of crypto investors believe it will trade above $50,000 by 2030.

Featured image via Unsplash.

 574 Interactions,  2 today

Bitcoin Price Movement Analysis for 16th April, 2021

Today, the Bitcoin price is plummeting as buyers race to win after it hit an all-time high of $64,945. Bitcoin Read more

The Nigerian Securities and Exchange Commission (SEC) claims that the central bank’s crypto ban has caused business disruption.

The Nigerian Securities and Exchange Commission says it is collaborating with the central bank to develop a regulatory system for Read more

RECOMMENDED READ:  Binance Coin, Ethereum Classic, Ontology Price Movement Analysis for 15th March, 2021
Finance authorities dismiss cryptocurrencies, in the wake of Coinbase’s IPO celebrations

Economic gatekeepers are taking a closer look at blockchain as mainstream coverage of the Bitcoin bubble and Coinbase listing intensifies. Read more

Romanian university intends to consider cryptocurrency payments for admissions fees.

The academic college, which has about 11,000 students, stated that the inclusion of crypto payments was part of a campaign Read more

Bitcoin Price Movement Analysis for 11th April, 2021

Is Bitcoin nearing its peak? It's unlikely. Many on-chain measurements revealed that, although Bitcoin was highly bullish, it had not Read more

Fidelity’s Tom Jessop on why Crypto has reached a “tipping point.”

The crypto market has gained traction as a result of low interest rates and fiscal stimulus, according to a Fidelity Read more

How arrests for attempting to obtain a hitman and a nuclear bomb demonstrate that the dark web is not always anonymous.

Paying with cryptocurrency does not guarantee your safety. Most of the criticisms levelled at cryptocurrencies is that its difficult-to-trace existence Read more

RECOMMENDED READ:  Bitcoin Reaches a Critical Junction; What Analysts are Watching For
Bitcoin, BTT, Dogecoin Price Movement Analysis for 7th April, 2021

Bitcoin was expected to remain above the $55,800-support, a level that coincided with its 200-SMA. BitTorrent Token was projected to Read more

The cryptocurrency market cap has surpassed $2 trillion, making it as valuable as Apple.

For the first time, the total market value of all cryptocurrencies exceeds $2 trillion. According to Goingecko numbers, the total Read more

Why crypto analyst Ben Armstrong says, ‘He Very Confident Bitcoin Will Reach $300K This Year.’

Recently, blockchain expert and influencer Ben Armstrong mentioned Bitcoin in a video posted to his highly popular YouTube channel “BitBoy Read more

Binance Coin, Dogecoin, SushiSwap Price Movement Analysis for 4th April, 2021

Binance Coin predicted that fresher record thresholds will be set in the coming days due to solid technicals. Following a Read more

Tron Price Movement Analysis for 4th April, 2021

In the cryptocurrency industry, excessive uncertainty has had a long-term effect on the price of the digital commodity. This uncertainty Read more

Leave a Reply

Contact Us