Satoshi

2024

Bitcoin

<p>Ardent advocate of BTC, Edward Snowden firmly believes that Bitcoin remains the greatest monetary advancement since the invention of money. But why does this crypto represent such a revolution?</p>
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     <p lang="en" dir="ltr">Unpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage.<br><br>If you don't believe me or don't get it, I don't have time to try to convince you, sorry.</p>— Edward Snowden (@Snowden) <a href="https://twitter.com/Snowden/status/1759304612664779247?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 18, 2024</a>
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  Bitcoin is the greatest monetary advancement, according to Snowden
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<h2 id="h-btc-an-opportunity-for-the-global-financial-system">BTC, an opportunity for the global financial system</h2>
<p>Bitcoin was <strong>created in 2009</strong> by a mysterious figure known by the pseudonym Satoshi Nakamoto. Their true identity remains unknown to this day.</p>
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<p>Bitcoin is a decentralized virtual currency that operates on a peer network, without intermediaries or central authority. It is based on <strong>blockchain technology</strong>, which secures and verifies transactions. The flagship crypto thus offers possibilities for:</p>
<ul>
 <li>innovation,</li>
 <li>competitiveness,</li>
 <li>inclusion,</li>
 <li>transparency,</li>
 <li>resilience,</li>
 <li>diversification.</li>
</ul>
<p>Bitcoin is a means to resist government surveillance and censorship. It even allows to preserve freedom and human rights. Indeed, BTC enables anonymous transactions, without going through banks or financial institutions.</p>
<p>Bitcoin thus ensures the confidentiality and sovereignty of users, who can escape the interference and restrictions of states. <a href="https://www.binance.com/en/feed/post/2024-02-19-edward-snowden-calls-bitcoin-the-most-important-monetary-advancement-since-currency-inception-4306313153034" target="_blank" rel="noopener noreferrer nofollow">Snowden</a> sees in Bitcoin <strong>a tool for dissent and democracy</strong>. Snowden was pursued and exiled for exposing abuses of power.</p> 
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<h2 id="h-bitcoin-a-fast-growing-market">Bitcoin, a fast-growing market</h2>
<p>Bitcoin has been experiencing exponential growth since its creation. It hit record levels in 2024, exceeding <strong>$52,000 on February 18</strong>. That represents more than 40 times its value in 2017.</p>
<p>This increase is explained by a strong demand, especially from institutional investors who see in BTC a safe haven, an alternative to gold or simply a means of diversifying their portfolio. It is also explained by the approval of several Bitcoin ETFs by <a href="https://www.cointribune.com/en/bitcoin-secs-official-announcement-on-etfs/" target="_blank" rel="noopener noreferrer nofollow">the SEC</a>.</p>
<p>At the time of writing, the <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) price</a> is about $52,268 with a market capitalization of $594,019,000,000.</p>

Bitcoin: the monetary revolution of the 21st century? Snowden explains why

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