Edward Snowden, a former agent of the United States Central Intelligence Agency has spoken out in praise for (BTC), despite continued global scrutiny regarding cryptocurrencies.

Famous whistleblower, who tweeted on Sunday that Bitcoin was stronger due to government policies against it.

Sometimes I think back to this and wonder how many people bought #Bitcoin then.It’s up ~10x since, despite a coordinated global campaign by governments to undermine public understanding of—and support for—cryptocurrency.China even banned it, but it just made Bitcoin stronger. https://t.co/pbnOFGfaVf

— Edward Snowden (@Snowden) October 3, 2021

This tweet was co-ordinated with comments he made in March 2020, when the equity and crypto markets crashed due to fear of a coronavirus epidemic.

Snowden was unfazed by Bitcoin’s 50% drop as at then, suggesting that it was the first time he “felt like buying Bitcoin.”

Bitcoin dropped to $3800 during the March 2020 Black Thursday crash, but it has rebounded to a record $64,800. As of press time, BTC was trading at nearly $50,000, a price increase of over 10 times since Snowden’s tweet back in March 2020.

Numerous crypto-related crackdowns have been ongoing in 2021, particularly in China. Authorities have increased their restrictions on cryptocurrency activity.

Many Bitcoin miners fled the region to move their equipment overseas. The initial clampdown on crypto mining activity in China temporarily caused a massive drop in Bitcoin’s hash rate.

American legislators and regulators have expressed reservations about adopting Bitcoin or other cryptocurrency. Some members of Congress even advocate negative language regarding cryptocurrencies and call for tighter laws.

Gary Gensler, Chairman of U.S. Securities and Exchange Commission has also pushed to make cryptocurrency laws more strict. Critics suggest that this could suffocate American digital innovation.

Bitcoin continues to be popular, and different countries have integrated the digital currency on various platforms.

El Salvador became the first country to accept Bitcoin as legal tender recently. It could be a landmark move in Central and South America that will have an impact, but not without its difficulties.

Snowden’s previous comment concerning El Salvador’s Bitcoin Law suggested that other nations could become motivated to accept BTC as a reserve asset.

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