Edward Snowden Anticipates Government Acquisition of Bitcoin in 2024

Famend whistleblower Edward Snowden has made a daring prediction on X at present, suggesting {that a} nationwide authorities will enter the Bitcoin market this 12 months by buying BTC.

“Prediction: A national government will be revealed this year to have been buying Bitcoin—the modern replacement for monetary gold—without having disclosed that fact publicly,” Snowden stated.

Snowden’s prediction comes amid rising institutional, retail, and nation state curiosity in Bitcoin, with a number of main firms and funding companies allocating vital assets to the asset. Whereas Snowden didn’t specify which authorities he believes will make the acquisition, the prospect of a second nationwide authorities buying Bitcoin and making it authorized tender, like El Salvador did in 2021, would signify one other large milestone for Bitcoin.

Earlier at present, El Salvador President Nayib Bukele commented on Bitcoin’s current worth improve, stating “When Bitcoin’s market price was low, they wrote literally thousands of articles about our supposed losses. Now that Bitcoin’s market price is way up, if we were to sell, we would make a profit of over 40% (just from the market purchases), and our main source of BTC is now our citizenship program. We won’t sell, or course; at the end 1 BTC = 1 BTC (this was true when the market price was low and it’s true now); but it’s very telling that the authors of those hit pieces, the “analysts”, the “experts”, the “journalists”, are totally silent now.”

El Salvador’s guess on Bitcoin has appeared to repay, not simply from the attitude of their BTC investments rising in worth, but additionally from attracting massive quantities of tourism from Bitcoiners and funding in the nation. Different international locations could also be taking discover of what Bitcoin has accomplished for El Salvador, and might want the identical.

As Snowden’s prediction garners consideration, it underscores the rising mainstream recognition of Bitcoin’s function in the worldwide financial system and its potential to reshape conventional monetary techniques.

DailyBlockchain.News Admin

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