Former NSA and CIA agent Edward Snowden shared the levels he will continue to buy Bitcoin after his previous accurate predictions.
Accurate Bitcoin forecaster reveals new highs he’s been waiting for
Edward Snowden, a former agent, announced in March 2020 that he would be stepping out of the market as he expected a crash in the coming years. After this accurate prediction, he has been updating his followers with his analysis since then. In one of his most recent tweets, he stated, “For the first time in a while, I’m starting to hear that he’s asking for rescaling.” “We still have a lot of challenges ahead,” the crypto phenomenon says. Bitcoin price soared after Snowden’s November 14 tweet. Currently, it is recovering around 2%, accompanied by PPI data.
There's still a lot of trouble ahead, but for the first time in a while I'm starting to feel the itch to scale back in. pic.twitter.com/saZXYq8MT2
— Edward Snowden (@Snowden) November 14, 2022
Snowden also updated his analysis after a four-day FUD surrounding the bankruptcy of FTX and Alameda.
Edward Snowden’s latest Bitcoin price prediction
Snowden added a price chart to his tweet, reminding him of similar predictions he made when the bottom of the bear market was approaching. He tweeted in March 2020 that the Bitcoin price fell in a notorious crash to $3,782:
For the first time in a long time, I feel like buying Bitcoin. This fall was too much of a panic and offered little reason.
This is the first time in a while I've felt like buying bitcoin. That drop was too much panic and too little reason.
— Edward Snowden (@Snowden) March 13, 2020
Snowden was right in his guesses. After the tweet, Bitcoin reached $65,000 in May 2021 after drawing liquidity. It then hit an all-time high of $69,000 in November 2021. The analyst now says that the worst of the crypto winter is over. He thinks it’s a good time to buy, apart from “maybe slightly sideways and consolidating”.
Snowden said in his next tweet that it was “not investment advice and has no idea what he’s doing.” However, Snowden has been following cryptocurrencies for a long time. He even attended the 2016 ceremony of the privacy coin Zcash.
Edward Snowden shared the following tweets this week
- ‘They said I was a criminal’ (in response to Sam Bankman-Fried’s lies and deleted tweets)
- ‘Centralized exchanges were a mistake’ (shortly after FTX’s bankruptcy was revealed and rumors of Crypto.com spread)
- “The “regulators” remained silent in the face of thieves who just robbed 5 million people, while the White House found guilty and arrested and punished those who developed secrecy tools to protect you. What’s the difference? The thieves were big political donors.’ (Referring to Tornado Cash and Gary Gensler)
Edward Snowden and Elon Musk remain optimistic despite FTX collapse
Snowden isn’t the only Bitcoin proponent to express his optimism. Tesla and SpaceX CEO Elon Musk also expressed his belief in Bitcoin. “BTC will make it, but it may be a long winter,” he commented to the pessimists on Twitter. While the billionaire’s relationship with Bitcoin has been turbulent, his view on the technology has not changed in light of the FTX scandal.
