Elon Musk and Edward Snowden believe Bitcoin will be fine despite FTX’s collapse last week. Snowden even stated that he was considering increasing the exposure of his Bitcoin account. BTC Will Make It Some…

  

Edward Snowden and Elon Musk, two of Bitcoin’s most prominent advocates, took to Twitter today in support of the cryptocurrency’s future.
Key TakeawaysEdward snowden stated today on Twitter that he wanted to increase Bitcoin’s exposure.
Elon Musk also expressed optimism about the fate of top cryptocurrency.
These comments are made as the financial sector reels from the effects of FTX’s collapse.
Share this articleEdward Snowden, Elon Musk and others believe that Bitcoin will be fine despite FTX’s collapse last week. Snowden even stated that he was considering increasing his exposure. “BTC will Make It” Despite the FTX fiasco, some of Bitcoin’s most prominent advocates remain positive about the currency. Edward Snowden, an American whistleblower, posted a Bitcoin chart to Twitter this morning. He stated that he was feeling the “itch to scale back in” to the market. A previous tweet by Snowden, March 13, 2020, was also posted on the chart. It expressed a similar sentiment. Snowden’s tweet from March 13, 2020 is notable in that it was posted after Bitcoin plunged from $8,000 down to $3,000 due market panic over Covid-19. Snowden’s old tweet is remarkable because it was posted the day after Bitcoin plunged from $8,000 to $3,000 due to panic over Covid-19. Despite his positive outlook on top cryptocurrency is noteworthy, given the fact that the financial industry is dealing with the ramifications FTX’s sudden crash. It has been revealed that Alameda Research founder Sam Bankman-Fried, once praised by legacy media and viewed favorably by regulators and lawmakers alike, illegally used billions upon billions of dollars in customer funds to finance his crypto trading company, Alameda Research. Snowden isn’t the only Bitcoin advocate to express optimism. Elon Musk, CEO of SpaceX and Tesla, stated that Bitcoin is here to stay a few hours ago. He said on Twitter that Bitcoin would make it, but that it might be a long winter. This comment was made after someone complained about the coin’s price movements over the past year. Despite his turbulent relationship with Bitcoin, the billionaire’s opinion of the technology has not changed in the wake of the FTX scandal. He may not be surprised at all, as he stated that Bankman-Fried had “set off [his] Bullshit detector” when they met to discuss financing Twitter’s acquisition. Disclaimer: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.Share this articleThe information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. does not provide investment advice. We do not provide personalized investment advice or any other financial advice. This website’s information is subject to change at any time. The information on this website could become obsolete or incorrect. You may not be able to update any information that is outdated, incomplete or inaccurate. We also reserve the right to change any information that is incorrect, incomplete or outdated. If you need investment advice about an ICO, IEO or other investment, we strongly recommend that you consult a licensed financial advisor or other qualified financial professional. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.See full terms and conditions.Recommended News