Monday, Edward Snowden said on Twitter that “for the first time in a long time, I feel the urge to return to the market“, while the price of Bitcoin then approached $ 16,500.
The former NSA and CIA agent, however, tempered this enthusiasm with the following warning: “other problems may arise“.
Bitcoin price rallied in the hours after his tweet, rising 4% in the past 24 hours.
After four days of confusion over the exchange’s bankruptcy and questionable transactions FTX and D’Alameda Research – which Snowden also commented on – is a short-term rebound possible?
Edward Snowden’s latest price predictions for Bitcoin
Snowden added a chart to his tweet that showed his latest price prediction, just before Bitcoin price hit its all-time low.
On March 13, 2020 – the infamous day Bitcoin price crashed to $3,782 – he tweeted:
His predictions proved accurate, as Bitcoin hit $65,000 in May 2021 and then $69,000 in November, its all-time high.
Snowden believes that the worst of the crypto winter is over, and that barring new “problems”—perhaps a sideways move and consolidation—now is a good time to buy Bitcoin.
He added the following comment in his usual style: “This is not financial advice and I have no idea what I’m doing.“.
Edward Snowden, however, is a long-time observer of the crypto industry and even attended the ceremonial founding of the privacy-focused cryptocurrency Zcash in 2016.
This week, Edward Snowden also tweeted:
- “And they’re calling me a criminal” (in response to lies and deleted tweets from Sam Bankman-Fried);
- Allowing exchanges to hold customer deposits was a bad idea” (shortly before the insolvency of the exchange FTX is demonstrated and that rumors do not swell about Crypto.com);
- ‘The White House is sanctioning and arresting kids for designing privacy tools to protect you, while regulators were quietly palling with the criminals who just robbed 5 million people. The difference ? The thieves were big political donors.” (referring to Tornado Cash and Gary Gensler)
From its all-time high, the Bitcoin price has retreated to as low as $15,500 on Nov. 9, a correction of almost 80%.
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