20 July 2026
Bitcoin Growing Stronger After China’s Crypto Ban – Former US Contractor
The former contractor for the U.S.National Security Agency, Edward Snowden, who leaked highly classified intelligence in 2013, claims that China’s Crypto ban has strengthened Bitcoin (BTC).
Taking a look at Snowden’s 2020 March tweet asserted that, “this is the first time in a while I’ve felt like buying Bitcoin. That drop was too much panic and too little reason.” Further, he quoted that “[Bitcoin] is up ~10 since, despite a coordinated global campaign by governments to undermine public understanding of—and support for—Cryptocurrency.” “China even banned it, but it just made Bitcoin stronger,” added Snowden.
However, this is not the first time Snowden has expressed his opinion about Bitcoin. Previously, the infamous whistleblower lamented the Cryptocurrency’s perceived lack of privacy. During the 2021 Etheral Summit powered by Decrypt, Snowden said that Bitcoin needed to become “private by design” to counter efforts against “privacy coins' ' like Monero.
Meanwhile speaking to the fierce digital privacy advocate Marta Belcher, Snowden affirmed that “ Bitcoin is really failing comprehensively on the privacy angle. Now in 2021, everybody knows there’s a problem when we talk about digital surveillance.”
Whereas, according to Snowden, “It’s really frustrating for a lot of people in this space that the core development team for Bitcoin has been prioritized—because the longer they wait, the more obstacles are going to be put in place to prevent that.”
At the start of 2021, the Chinese government imposed a specific ban on Crypto-mining with one eye on China’s climate obligations. After which, China’s ban has crept back into the public eye on several occasions. While in May, the National Interest Finance Association of China, the China Banking Association, and the Payment and Clearing Association of China collectively reiterated their support for the government’s position. However, last month the government published a notice detailing further details behind their position against Cryptocurrencies.
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.
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