Edward Snowden is bringing Bitcoin back into the spotlight with his latest message on X. Check out the new post about the most important digital asset out there.
Edward Snowden addresses the importance of Bitcoin
Here is the new tweet that Snowden shared about Bitcoin:
Unpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage.
If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.
— Edward Snowden (@Snowden) February 18, 2024
Someone posted this message: “Most people hate everything about Bitcoin until they fully understand how it works…Then they either fight it because they work for a government or they fall in love with Bitcoin because they understand how great it is for human freedom around the world.”
Another follower said: “Bitcoin is a more significant monetary advance than coinage because it eliminates the need to trust intermediaries at a point in time when none can be trusted.”
A few days ago, I was also reporting about the fact that the largest asset manager in the world, BlackRock, has some pretty interesting things to say about Bitcoin these days. For some, this might come as a surprise, considering the fact that they used to disagree on the importance of BTC.
BlackRock on Bitcoin
BlackRock says that Bitcoin is creating a “global internet of value.”
As Larry Fink says:
“If you’re fearful of your government, or worrying your government is devaluing the currency, then you could see this as a great potential long-term store of value. It’s like digital gold.”
“It is a ledger, but it’s an international ledger that’s…
— Not Larry Fink (@NotLarryFink) February 9, 2024
Not too long ago, I was reporting that according to CNBC, after a long battle between the crypto industry and the U.S. Securities and Exchange Commission, Bitcoin exchange-traded funds (ETFs) have finally arrived.
Larry Fink, CEO of BlackRock, the largest asset manager in the world, believes that the introduction of ETFs was just the first step towards a new financial world. ETFs were initially introduced to provide investors with exposure to a young and risky asset class.
However, Fink believes that the value of blockchain technology extends beyond Bitcoin, and that these new ETFs are only the beginning of a broader tokenization of other assets. Fink shared these views during his appearance on CNBC’s “Squawk Box”.