Edward Snowden sees opportunity to buy Bitcoin after crash
Snowden said there was no reason for the Bitcoin price crash and that he's thinking about buying Bitcoin. But will he put his money where his mouth is?
Add Decrypt as your preferred source to see more of our stories on Google.
American whistleblower Edward Snowden has weighed in on the recent Bitcoin price crash. While the Bitcoin price has halved, falling from $9,000 just two days ago to as low as $4,500 earlier today, Snowden is quietly optimistic.
Snowden was a computer analyst who leaked top-secret NSA documents to journalists. These documents showed that the US was engaged in phone and internet surveillance of its own citizens.
Last year, the Department of Justice filed a civil lawsuit against Snowden for releasing a book without checking it first with the department. He tweeted that these attempts to restrict his speech amounted to censorship. Seeing a future in alternative, decentralized technology, he said, "in conclusion this is good for bitcoin."
The crypto markets have followed the wider markets over the last few days, heading in a downward spiral. Bitcoin lost 20% of its value yesterday, before losing another 20% earlier today. In this time, $70 billion has been wiped from Bitcoin's market cap, with a total of $100 billion lost from the entire crypto market.
As Warren Buffett, the billionaire investor is known for saying, be "fearful when others are greedy and greedy when others are fearful."
Tips
Have a news tip or inside information on a crypto, blockchain, or Web3 project? Email us at: tips@decrypt.co.
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
