Despite a “coordinated global campaign by governments to undermine… cryptocurrency,” the NSA whistleblower and fugitive pointed out that BTC is up 10x in 18 months.
Bitcoin has been subject to a “coordinated global campaign by governments” to undermine public understanding of cryptocurrencies, Edward Snowden has claimed.
The former NSA and CIA contractor is known for releasing a huge trove of classified files about government programs aimed at wide surveillance of citizens. He’s also a strong proponent of Bitcoin and cryptocurrencies in general.
“China even banned it, but it just made Bitcoin stronger.”
“This is the first time in a while I've felt like buying Bitcoin. That drop was too much panic and too little reason.”
His initial thought was:
“Sometimes I think back to this and wonder how many people bought #Bitcoin then.”
Conspiracies of Power
Its first line, he noted, was: “The greatest conspiracies are open and notorious — not theories, but practices expressed through law and policy, technology, and finance.”
“More often than not,” he added, these conspiracies are “announced in public and with a modicum of pride. They’re dutifully reported in our newspapers; they’re bannered onto the covers of our magazines; updates on their progress are scrolled across our screens — all with such regularity as to render us unable to relate the banality of their methods to the rapacity of their ambitions.”
It’s notable that as a commissioner of the Commodity Futures Trading Commission, not only has Dan Berkovitz said unlicensed DeFi markets are probably illegal, he has said that their core purpose — cutting out financial intermediaries — is dangerous as they actually protect investors, prevent fraud and detect money laundering.
As a CFTC Commissioner, Berkovitz said:
“We should not permit DeFi to become an unregulated shadow financial market in direct competition with regulated markets.”