May 4, 2024

Snowden: Bitcoin Gains Stronger Despite Government Action

Snowden: Bitcoin Gains Stronger Despite Government Action

Edward Snowden once again confirmed his idea that governments will not be able to ban orcontrol cryptocurrencies.

A former employee tweeted on SundayThe CIA wrote that thanks to tough anti-cryptocurrency laws, Bitcoin is only getting stronger. He also noted that Bitcoin has grown 10 times since his previous buy signal.

Since then, Bitcoin has grown 10 times.This is despite coordinated efforts by governments to prevent people from learning more about cryptocurrencies. China even banned them. But because of this, Bitcoin has only become stronger.

Indeed, 2021 was a year of seriouschallenges for the entire cryptocurrency industry. Most of the miners were forced to leave China, which triggered a record drop in hash rates. US regulators, including Gary Gensler and Jannette Yellen, are also pushing for tighter regulations.

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Based on materialscointelegraph.com