Snowden’s Bold Move to Bitcoin
In a surprising turn of events, Edward Snowden has hinted that he might consider stashing his wealth in Bitcoin (BTC) to safeguard it from the clutches of the U.S. government. Speaking from his cozy corner of asylum in Russia, Snowden tweeted on September 17 that this scenario is “good for Bitcoin.” Now, that’s a plot twist that even Hollywood would envy!
The Lawsuit and Its Implications
“We will not permit individuals to enrich themselves, at the expense of the United States…”
With the U.S. Justice Department (DOJ) suing him over his new book, Permanent Record, Snowden is no stranger to scrutiny. The DOJ is claiming he didn’t submit a draft for pre-publication approval, raising the stakes. Assistant Attorney General Jody Hunt stated that they would not allow individuals to benefit financially without following the necessary guidelines. Ah, the joys of bureaucratic red tape!
Snowden’s Cryptocurrency Dilemmas
It’s not the first time Bitcoin has played a role in Snowden’s financial decisions. Recall that back in June, it came to light that he utilized Bitcoin to fund servers used during his infamous NSA data leak. But, despite its past utility, Snowden has expressed skepticism about BTC’s inherent privacy features. In a candid interview last March, he pointed out its public ledger as a significant vulnerability.
Zcash vs. Bitcoin: The Currency Debate
Interestingly, in his latest musings, Snowden has not mentioned Zcash (ZEC), the privacy-centric altcoin he previously lauded. This omission has sparked conversations among Bitcoin enthusiasts, who are thrilled to see him align more closely with the world’s most popular cryptocurrency. Popular analyst Rhythm chimed in, noting, “Bitcoin is the currency of the people, for the people and by the people.” Yaasss, rhythm!
What’s Next for Bitcoin?
As the situation unfolds, the intersection of politics, privacy, and cryptocurrency remains more relevant than ever. Thank you, Edward Snowden, for being our modern-day watchman—though, ideally, we wouldn’t mind if you skipped the lawsuits next time!
