Crypto Blog
While speaking at the BTC Conference, Edward Snowden, who has been supportive of the cryptocurrency for years, said people should avert from thinking mostly about the price of the asset.
Snowden advised BTC investors who are focusing on the asset’s price movements to locate the actual use cases of the cryptocurrency instead of looking at charts and candles. Additionally, Snowden asserted that institutions getting into bitcoin carry certain risks. While the money being poured into the asset could push the prices higher, he warned that they will have too much power and regular people will not be able to influence their decisions and actions in regard to bitcoin.
He also spoke about government and regulatory agencies trying to have their say on how to oversee bitcoin and the entire industry and asserted that he doesn’t care about what Gary Gensler thinks, nor should BTC users and investors.
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