Personal Finance

Edward Snowden praised Bitcoin in this way

Edward Snowden ने इस तरह से की Bitcoin की तारीफ
Edward Snowden tweeted that China’s move to completely ban crypto has really made bitcoin stronger. The NSA-whistleblower noted that its price has only gone up. On Monday, October 4, Bitcoin opened trading at Rs.36,53,453 (approximately $49,285). After a volatile week, its exchange price registered an overall gain. Snowden’s comments came only after the US Federal Reserve Chairman Jerome Powell gave a message to the crypto sector. Powell recently reassured the crypto sector by saying that the central bank has no intention of banning the digital currency.

On Tuesday, October 4, Snowden shared an old tweet from March 13, 2020, when he believed he wanted to eventually buy bitcoin. He tweeted that he sometimes wonders how many people will have bought bitcoin in March 2020—when the cryptocurrency’s price fell by nearly 48 percent. Which pushed its price range to between $3,000 (approximately Rs 2 lakh) and $5,000 (approximately Rs 4 lakh), as recorded by BitcoinPrice.com.

If you had bought one bitcoin on March 13th, 2020 for $3000, you would have made a profit of about $46000 (approximately Rs.34 lakhs) today – which is a huge profit.

Snowden’s tweet has been liked and retweeted by thousands and received mixed responses. However, cryptocurrency fans applauded Snowden for deciding to stay in favor of bitcoin.

In recent days, crypto enthusiasts have voiced their support for the “future of digital payments”. For example last week, Elon Musk said that cryptocurrencies cannot be destroyed.

Orlando Bravo, owner of US private equity firm, said that these decentralized and non-regulated cryptocurrencies will develop as their own customized financial system for youth in the future.

Famous capitalist Chamath Palihapitiya also said in a recent interview that bitcoin has replaced gold in modern times. However, the ill effects of crypto mining on the environment have emerged as a matter of concern in many countries around the world, including China.

<!–

–>

.

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0
Damini Sharma
Experienced Senior Content Writer with a demonstrated history of working in the information technology and services industry. Skilled in SEO Copywriting, Web Content Writing, Storytelling, Blogging, and Social Media. Strong media and communication professional with a mass communication focused in Journalism from Sjmc davv indore.

You may also like

Comments are closed.