Edward Snowden Believes China's Ban Made Bitcoin Stronger

by in Cryptocurrency News

Edward Snowden bitcoin

Edward Snowden, who previously worked for the U.S. National Security Agency as an IT expert, finds that Bitcoin only got stronger after the ban from China.

Related: Novogratz highlights the giant potential of BTC technology

On October 4, Snowden shared his opinion via a tweet. In May 2020, when China announced that trading crypto is illegal in the country, he wrote that was the first time that he decided to purchase BTC. According to him, there was too much panic and too little reason.

Snowden quoted that tweet noting that Bitcoin is up around 10 times since, despite the global attempts by the governments to diminish public understanding and support for the crypto sector.

Earlier this year the whistleblower talked about cryptocurrency's perceived lack of privacy. He's not all optimistic about BTC and finds that the coin is failing on the privacy angle.