The CIA whistle-blower, and journalist, Edward Snowden, has been an active member of the crypto community since governments began crackdowns globally. Earlier today, Snowden tweeted in a thread to his year-old tweet about Bitcoin’s crash in lieu of governments’ crypto crackdown. Snowden also kutsutud back on his varasem säuts when bitcoin had dropped to nearly $4000 in March 2020.
Mõnikord mõtlen sellele tagasi ja mõtlen, kui palju inimesi ostis #bitsiin siis
Hoolimata valitsuste koordineeritud ülemaailmsest kampaaniast, mille eesmärk on õõnestada üldsuse arusaamist krüptovaluutast ja selle toetamist, on sellest möödas ~ 10 korda.
Hiina isegi keelas selle, kuid see muutis Bitcoini tugevamaks. https://t.co/pbnOFGfaVf
- Edward Snowden (@Snowden) Oktoober 3, 2021
Snowden called the government’s efforts to crack down on crypto futile.
Edward Snowden stated that upon looking back at the drop, he realized that in the present, Bitcoin had risen ten times since its 2020 drop. He further highlighted that governments’ efforts at cracking down the inevitable crypto were futile, referencing China’s Bitcoin Ban and reiterating that the ban made BTC stronger than ever. Regardless of the consistent crackdowns, Bitcoin appears to be running a bull in the fourth quarter after its September bear. In the first four days of October 2021, BTC is already up by nearly ~10%. Other altcoins have also gained substantially this month.
China bans cryptocurrenceis.
The long-term Chinese Crypto crackdown is not news anymore. The authoritarian government broke the crypto community in the nation by ründamine crypto businesses in metropolitans first and further moving down to the smaller provinces. The Chinese government is holding a rather successful position, from shutting down hundreds of mining farms and exchanges to bankrupting individual retailers by levying crypto trading and mining in China as illegal. As reported earlier, two of the world’s largest cryptocurrency exchanges, Huobi and Binance, gave up the fight for crypto in the Chinese territory. Huobi announced the suspension of new account openings for China users and further confirmed the closure of even the existing accounts in the arena by midnight on Dec. 31, 2021.
Source: https://coinnounce.com/edward-snowden-says-chinas-efforts-to-ban-bitcoin-are-futile/
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