The well-known whistleblower Edward Snowden made a daring prediction about X at the moment, suggesting that nationwide governments will enter the Bitcoin market this yr by buying BTC.
Earlier article: Edward Snowden predictions "The nationwide authorities can be revealed this yr to have been shopping for #bitcoin There was no public disclosure of this truth." pic.twitter.com/ECauNV3DvA
— Bitcoin Journal (@BitcoinMagazine) February 28, 2024
“Prediction: This yr will probably be revealed that governments are buying Bitcoin – the fashionable different to financial gold – with out publicly disclosing this truth,” Snowden mentioned.
Snowden’s predictions come amid rising institutional, retail and state curiosity in Bitcoin, with a number of main firms and funding companies allocating important sources to the asset. Whereas Snowden didn’t specify which authorities he thought would purchase Bitcoin, the prospect of a second nationwide authorities buying Bitcoin and making it authorized tender, as El Salvador did in 2021, would characterize Bitcoin’s One other enormous milestone.
Earlier at the moment, El Salvador’s President Nayib Bukele commented on Bitcoin’s current value rise, saying: “When the market value of Bitcoin was decrease, they wrote hundreds of articles about it. Article about our so-called losses. Now the market value of Bitcoin has elevated considerably and if we have been to promote, we might get greater than 40% revenue (solely from market purchases) and our primary supply of BTC is now our citizenship program. We Not on the market, after all; ultimately 1 BTC = 1 BTC (which was true when market costs have been low, and true now); but it surely’s telling that the authors of these standard articles, ‘analysts’, Consultants’, ‘journalists’ are actually utterly silent.”
El Salvador’s wager on Bitcoin seems to be paying off, not solely from the attitude of elevated worth from its Bitcoin funding, but additionally from the attitude of the nation attracting numerous Bitcoin vacationers and investments. Different international locations could also be being attentive to what Bitcoin has executed for El Salvador and should need to do the identical.
As Snowden’s prediction attracts consideration, it highlights mainstream society’s rising recognition of Bitcoin’s function within the world financial system and its potential to reshape the standard monetary system.
