The infamous whistleblower and privacy activist Edward Snowden commented on bitcoin on Friday, after the Biden administration said this week it was shooting for 6 trillion dollars in stimulus proposals. Following the $6 trillion in stimulus headlines, Snowden commented on the situation and said it was â€œgood for bitcoin.â€
Edward Snowden Jabs Bidenâ€™s 6 Trillion-Dollar Covid Relief Proposal, Says Itâ€™s â€˜Good for Bitcoinâ€™
The 37-year old former computer intelligence consultant for the National Security Agency (NSA) and contractor for the Central Intelligence Agency (CIA), Edward Snowden, has once again commented on the leading digital asset bitcoin. Snowdenâ€™s statement on Twitter follows the last few days of reports discussing the Biden administrationâ€™s $6 trillion stimulus proposals to â€œbuild back a betterâ€ America.
Of course, itâ€™s not the first time Snowden has spoken about bitcoin, as the whistleblower and privacy activist has been very vocal about the subject in recent years. For instance, after the March 12, 2020 market carnage, otherwise known as â€˜Black Thursday,â€™ Snowden said: â€œThis is the first time in a while Iâ€™ve felt like buying bitcoin. That drop was too much panic and too little reason.â€
Back when Snowdenâ€™s book sales were confiscated by the U.S. Department of Justice (DoJ), after the DoJ announced a lawsuit against the whistleblower, Snowden also tweeted: â€œIn conclusion, this is good for bitcoin.â€ Snowden, however, hasnâ€™t been looked at too kindly by the bitcoin maximalist crowd because heâ€™s criticized the crypto asset on a few occasions. Snowden recently took to Twitter and knocked the Human Rights Foundationâ€™s (HRF) Alex Gladsteinâ€™s recent statements. Gladstein wasnâ€™t a fan of Snowdenâ€™s recent interview.
â€œThe worst part of cryptocurrency transforming into dragon-level wealth is witnessing good people emotionally devolve into dragons themselves: so intellectually paralyzed by the fear that everyone they see threatens their hoard that they lose sight of the world beyond their cave,â€ Snowden scathed in response to Gladsteinâ€™s Twitter statements.
The whistleblower does criticize bitcoin on occasion, but also explains that he uses it regularly and once called the technology the â€œfirst free moneyâ€ system in the world. Heâ€™s discussed privacy coins on various occasions like monero (XMR) and zcash (ZEC). There is no doubt that Snowden is a believer in decentralized technologies and heâ€™s mentioned many times that cryptos are a threat to the nation stateâ€™s monopoly over money.
In 2016, Snowden once said that â€œnew technologies raise the possibility of unstoppable tax protests.â€ Snowden has since deleted that tweet, but still talks positively about bitcoin and the crypto economy regularly to this day.
What do you think about Edward Snowdenâ€™s comment about Bidenâ€™s $6 trillion stimulus proposals being good for bitcoin? Let us know what you think about this subject in the comments section below.
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