Famend whistleblower Edward Snowden has made a daring prediction on X at the moment, 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 probably be revealed this 12 months to have been shopping for #Bitcoin with out having disclosed that truth publicly.” pic.twitter.com/ECauNV3DvA
— Bitcoin Journal (@BitcoinMagazine) February 28, 2024
“Prediction: A nationwide authorities will probably be revealed this 12 months to have been shopping for Bitcoin—the trendy substitute for financial gold—with out having disclosed that truth publicly,” Snowden acknowledged.
Snowden’s prediction comes amid growing institutional, retail, and nation state curiosity in Bitcoin, with a number of main firms and funding corporations allocating important 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 large milestone for Bitcoin.
Earlier at the moment, 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 manner up, if we had been to promote, we’d make a revenue of over 40% (simply from the market purchases), and our principal supply of BTC is now our citizenship program. We gained’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); however it’s very telling that the authors of these hit items, the “analysts”, the “consultants”, the “journalists”, are completely silent now.”
El Salvador’s guess on Bitcoin has appeared to repay, not simply from the attitude of their BTC investments growing in worth, but in addition from attracting massive quantities of tourism from Bitcoiners and funding within the nation. Different international locations could also be taking discover of what Bitcoin has carried out 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 financial system and its potential to reshape conventional monetary techniques.
