Renowned whistleblower Edward Snowden has actually made a vibrant forecast on X today, recommending that a nationwide government will go into the Bitcoin market this year by buying BTC.
SIMPLY IN: Edward Snowden anticipates "A national government will be revealed this year to have been buying #Bitcoin without having disclosed that fact publicly." pic.twitter.com/ECauNV3DvA
— Bitcoin Magazine (@BitcoinMagazine) February 28, 2024
“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 specified.
Snowden’s forecast comes amidst increasing institutional, retail, and country state interest in Bitcoin, with a number of significant corporations and financial investment companies designating considerable resources to the property. While Snowden did not define which government he thinks will make the purchase, the possibility of a 2nd nationwide government obtaining Bitcoin and making it legal tender, like El Salvador did in 2021, would represent another big turning point for Bitcoin.
Earlier today, El Salvador President Nayib Bukele commented on Bitcoin’s current cost boost, mentioning “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 bet on Bitcoin has appeared to settle, not simply from the viewpoint of their BTC financial investments increasing in worth, however also from bring in big quantities of tourist from Bitcoiners and financial investment in the nation. Other nations might be taking notification of what Bitcoin has actually provided for El Salvador, and might desire the very same.
As Snowden’s forecast amasses attention, it highlights the growing mainstream acknowledgment of Bitcoin’s function in the international economy and its possible to improve conventional monetary systems.
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