Whistleblower Edward Snowden Says $6 Trillion in Stimulus Is ‘Good for Bitcoin’
Edward Snowden, the journalist who leaked NSA documents in 2013, has recently described the $6 trillion stimulus package passed by President Obama as “good for Bitcoin.” The former NSA contractor and top-secret NSA employee has repeatedly spoken out against proposed NSA reforms, and now says that the stimulus bill, which he called “an example of well-timed legislation” that will “benefit the Bitcoin economy.”
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It’s been an interesting week for bitcoin, with the digital currency’s price surging over $100 USD for the first time. But what does this mean for the digital currency? Is it a bubble? Will it go up or down? If you’re new to the bitcoin world, the whole debate may seem confusing. To help you understand, the following is a brief summary of the recent events and how they relate to bitcoin.
According to journalist Glenn Greenwald, former NSA contractor Edward Snowden said that he believes the $1.2 trillion stimulus package was a positive thing for Bitcoin.
Whistleblower and data privacy advocate Edward Snowden spoke out about bitcoin on Friday after the Biden administration said this week that its stimulus proposals would add up to $6 trillion. After $6 trillion in stimulus payments. Snowden commented on the situation and said it was good for bitcoin.
Edward Snowden mocks Biden’s $6 trillion bailout offer and says it’s good for bitcoin
Former National Security Agency (NSA) adviser and Central Intelligence Agency (CIA) employee Edward Snowden, 37, has spoken out again about the leading digital asset bitcoin. Snowden’s statement on Twitter follows articles in recent days about the Biden administration’s $6 trillion stimulus proposals to build a better America. Six trillion dollars? This is a good thing for bitcoin, whistleblower Edward Snowden said Friday. The tweet has already received 36,000 likes and has been retweeted more than 6,000 times. Of course, this isn’t the first time Snowden has talked about bitcoin, as the whistleblower and privacy advocate has talked a lot about the topic in recent years. For example, Snowden said after the 12 market massacre. March 2020, also known as Black Thursday: For the first time in a long time, I wanted to buy bitcoins. There was too much panic and not enough reason in this case. When the sale of Snowden’s books was seized by the US Department of Justice (DOJ) after it announced a lawsuit against the whistleblower, Snowden also tweeted: In short, this is a good thing for bitcoin. However, Snowden is not well received by bitcoin maximization supporters, as he has repeatedly criticized the crypto asset. Snowden recently took to Twitter to berate Alex Gladstein of the Human Rights Defense Fund (HRF) for his recent statements. Gladstein was not a fan of the recent Snowden interview. The scariest part of turning cryptocurrencies into dragon-level wealth is watching good people emotionally turn into dragons: They are so intellectually paralyzed by the fear that everyone they see is threatening their supply that they lose sight of the world outside their cave, Snowden called out on Twitter in response to Gladstein’s claims. Although the whistleblower sometimes criticizes bitcoin, he also says he uses it regularly and once called it the world’s first free monetary system. He has spoken on several occasions about confidential coins such as Monero (XMR) and Zcash (ZEC). Certainly, Snowden is a proponent of decentralized technology, and he has repeatedly said that cryptocurrencies are a threat to the nation-state’s monopoly on currency. In 2016, Snowden once said that new technologies opened up the possibility of non-stop tax protests. Snowden deleted that tweet, but to this day he regularly speaks out positively about bitcoin and the crypto economy. What do you think of Edward Snowden’s comment that Biden’s $6 trillion economic stimulus proposals would be good for bitcoin? Let us know what you think in the comments below.
$6 trillion, Alex Gladstein, Biden stimulus, bitcoin, BTC, CIA, cryptocurrency, digital assets, DOJ, Edward Snowden, Human Rights Foundation, Joe Biden, NSA, privacy, Russia, surveillance, US, whistleblower Photo credit: Shutterstock, Pixabay, Wiki Commons Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.If you didn’t see it — Snowden tweeted a few minutes ago that his leaks on the NSA’s surveillance program have helped bitcoin’s price. He tweeted: “The amount of money that has been invested in the Bitcoin infrastructure because of these disclosures has been nothing short of staggering. The transparency of the systems of the NSA has led to innovation in the Bitcoin space. I believe Bitcoin will be both the long-term successor to the reserve currency of the world, and a new enforcer of internet freedom.” He has since deleted the tweet, but this is the first time he’s admitted his leaks helped bitcoin. That’s several billion dollars in a single tweet — just what we need to keep bitcoin’s price stable.. Read more about bitcoin price and let us know what you think.
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