Edward Snowden: China Crypto Ban Will Make Bitcoin (BTC) Even Stronger

Mon 04 Oct 2021 ▪ 11h32 ▪ 2 min de lecture - par Hugh Renolds

Edward Snowden, former CIA and NSA officer who happens to be one of the most active members of the crypto community, tweeted that China not only cannot defeat Bitcoin but will actually make it stronger.

What makes crypto strong if not believing in its strength

CIA informant and well-known journalist Edward Snowden commented on his own tweet from a year ago and said that the ban on cryptocurrencies in China would only make Bitcoin stronger.

Ever since last year’s crash of the first cryptocurrency, BTC has grown in value tenfold, according to Snowden. And all this happened against the backdrop of the futile attempts of governments to combat digital assets. The journalist also believes that the current confrontation between the Chinese authorities and Bitcoin will lead to BTC becoming even stronger than ever before.

In conclusion

Despite consistent repressions, at the beginning of the fourth quarter, which is traditionally positive for digital assets, Bitcoin is showing bullish growth. In the first four days of October, BTC has already grown by about 10%.

According to the Coingape portal, even despite the September correction, the revenue of Bitcoin miners greatly increased over the last month and is now about $40 million (~£29.5 million) million per day.

A
A
Hugh Renolds

I believe in the bright future of crypto. I have been investing since 2017 and look to share my experience in, and thoughts on, crypto and the blockchain.

DISCLAIMER

Les propos et opinions exprimés dans cet article n'engagent que leur auteur, et ne doivent pas être considérés comme des conseils en investissement. Effectuez vos propres recherches avant toute décision d'investissement.

Cours & Indices

BITCOIN (BTCUSD) $61,492.74 -0.08%
ETHEREUM (ETHUSD) Ξ $3,759.32 -2.23%
DEFI (DEFIPERP) $11,687.60 -1.91%
MARKETS (ACWI) $103.69 0.06%
GOLD (XAUUSD) $1,764.53 -0.16%
TECH (NDX) $15,300.90 1.02%
CURRENCIES (EURUSD) $1.16 0.13%
CURRENCIES (EURGBP) £0.845700 0.35%
CRUDEOIL (USOIL) $82.26 -0.26%
IMM. US (REIT) $2,672.59 0.23%
Le pourcentage exprime l’évolution depuis 24h BUY CRYPTOS WITHOUT RISK
Newsletter

Recevez le meilleur de l’actualité Crypto dans votre boite email

Free coaching

Receive a free hour of coaching with an expert! Just fill in this form and our expert will contact you within 48 hours.