“This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason,” said Edward Snowden in a tweet on 13 March.
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
Amidst market panic due to coronavirus, the American whistleblower who was forced to seek asylum in Russia after leaking sensitive information, is now speaking in favor of buying bitcoin.
In a tweet, Snowden said he had decided to buy Bitcoin for the first time in a while. He also noted that the drop, which is the biggest intraday drop in bitcoin history, was just as a result of unnecessary market panic and should not worry investors.
Snowden has been one of the most vocal critics of the US government and its surveillance programs. He has advocated for the use of Bitcoins in the past and it is believed that in 2013, he used bitcoins to pay for the servers he used while leaking classified information. He also admitted in an interview in March 2018, he had used Monero to pay using Bitcoin.
Bitcoin reached its lowest point this year when it dropped to $3,782. This marked the sharpest decline for bitcoin in its history which was due to how the markets were responding to the coronavirus pandemic.