A fervent defender of BTC, Edward Snowden firmly maintains that Bitcoin remains the greatest monetary advance since the invention of money. But why does this crypto represent such a revolution?
BTC, an opportunity for the global financial system
Bitcoin has been created in 2009 by a mysterious character, known under the pseudonym Satoshi Nakamoto. His true identity remains unknown to this day.
Bitcoin is a decentralized virtual currency that operates through a network of peers, without an intermediary or central authority. It is based on blockchain technology, which allows transactions to be secured and verified. The flagship crypto thus offers possibilities to:
- innovation,
- competitiveness,
- inclusion,
- transparency,
- resilience,
- diversification.
Bitcoin is a way to resist government surveillance and censorship. It even helps preserve freedom and human rights. Indeed, BTC allows anonymous transactions to be carried out, without going through banks or financial institutions.
Bitcoin thus guarantees the confidentiality and sovereignty of users, who can escape state interference and restrictions. Snowden sees in Bitcoin a tool of dissent and democracy. Snowden was prosecuted and exiled for speaking out against abuses of power.
Bitcoin, a booming market
Bitcoin has experienced exponential growth since its creation. It reached record levels in 2024, surpassing the 52,000 dollars on February 18. This represents more than 40 times its value in 2017.
This increase is explained by strong demand, particularly from institutional investors who see BTC as a safe haven, an alternative to gold or simply a way to diversify their portfolio. It is also explained by the approval of several Bitcoin ETFs by the SEC.
At the time of writing, the price of Bitcoin (BTC) stands at approximately $52,268 with a market cap of $594,019,000,000.
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