Famend whistleblower Edward Snowden has made a daring prediction on X in the present day, suggesting {that a} nationwide authorities will enter the Bitcoin market this 12 months by buying BTC.
JUST IN: Edward Snowden predicts "A nationwide authorities will likely be revealed this 12 months to have been shopping for #Bitcoin with out having disclosed that reality publicly." pic.twitter.com/ECauNV3DvA
— Bitcoin Journal (@BitcoinMagazine) February 28, 2024
“Prediction: A nationwide authorities will likely be revealed this 12 months to have been shopping for Bitcoin—the fashionable alternative for financial gold—with out having disclosed that reality publicly,” Snowden said.
Snowden’s prediction comes amid growing institutional, retail, and nation state curiosity in Bitcoin, with a number of main companies 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 characterize one other enormous milestone for Bitcoin.
Earlier in the present day, El Salvador President Nayib Bukele commented on Bitcoin’s latest value improve, stating “When Bitcoin’s market value was low, they wrote actually hundreds of articles about our supposed losses. Now that Bitcoin’s market value is means up, if we have been to promote, we’d make a revenue of over 40% (simply from the market purchases), and our most important supply of BTC is now our citizenship program. We received’t promote, or course; on the finish 1 BTC = 1 BTC (this was true when the market value was low and it’s true now); nevertheless it’s very telling that the authors of these hit items, the “analysts”, the “consultants”, the “journalists”, are completely silent now.”
El Salvador’s wager on Bitcoin has appeared to repay, not simply from the angle of their BTC investments growing in worth, but in addition from attracting massive quantities of tourism from Bitcoiners and funding within the nation. Different nations could also be taking discover of what Bitcoin has performed for El Salvador, and might want the identical.
As Snowden’s prediction garners consideration, it underscores the rising mainstream recognition of Bitcoin’s position within the international economic system and its potential to reshape conventional monetary techniques.
