According to Edward Snowden, a national government that purchases Bitcoin in secret without disclosing its activities would be discovered in 2023. As interest in Bitcoin increased among organizations, companies, investors, and even nations, Snowden released his declaration.
Last year, El Salvador made Bitcoin its first legal tender. El Salvador’s Bitcoin investment is paying off in the form of more tourists. Other nations are taking note. As more people seek the benefits of Bitcoin, another government acquisition may occur.
El Salvador’s President, Nayib Bukele, recently announced that the country will not sell Bitcoin, citing the fact that 1 BTC will always equal 1 BTC. He mentioned profits if sold, but claimed market price swings are irrelevant given Bitcoin’s future prospects.
Snowden’s prediction has sparked interest because it indicates Bitcoin’s rising prominence. Major players now see cryptocurrencycurrency as critical to the global financial system and a disruptor of existing frameworks.
Snowden provided no information about which government he expects to uncover Bitcoin purchases this year. However, the proclamation emphasizes Bitcoin’s velocity and the possibility of more states making it legal tender.
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