Renowned whistleblower Edward Snowden has today made a bold prediction about X, suggesting that a national government will enter the bitcoin market this year by purchasing btc.
JUST IN: Edward Snowden predicts "This year it will be revealed that a national government has been buying bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin without having revealed that fact publicly." pic.twitter.com/ECauNV3DvA
– bitcoin Magazine (@BitcoinMagazine) February 28, 2024
“Prediction: This year it will be revealed that a national government has been purchasing bitcoin, the modern substitute for monetary gold, without having publicly disclosed that fact,” Snowden fixed.
Snowden's prediction comes amid growing institutional, retail and state interest in bitcoin, with several major corporations and investment firms committing significant resources to the asset. While Snowden did not specify which government he believes will make the purchase, the prospect of a second national government acquiring bitcoin and making it legal tender, as El Salvador did in 2021, would represent another major milestone for bitcoin.
Earlier today, El Salvador President Nayib Bukele commented about bitcoin's recent price rise, stating: “When the market price of bitcoin was low, they wrote literally thousands of articles about our alleged losses. Now that the market price of bitcoin has risen a lot, if we were to sell, we would make a profit of over 40% (just from market purchases), and our main source of btc now is our citizenship program. We will not sell, of course; in the end 1 btc = 1 btc (this was true when the market price was low and it is true now); but it is very revealing that the authors of those successful articles, the “analysts”, the “experts”, the “journalists”, are now completely silent.”
El Salvador's bet on bitcoin seems to have paid off, not only from the perspective of its btc investments increasing in value, but also by attracting large amounts of Bitcoiner tourism and investments in the country. Other countries may be realizing what bitcoin has done for El Salvador and want the same.
As Snowden's prediction attracts attention, it underscores the growing widespread recognition of bitcoin's role in the global economy and its potential to reshape traditional financial systems.
