The panic in the markets affects Bitcoin so much and the blood on the streets is so abundant that it even stirs up a warning from Edward Snowden.
“This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason.”
This is the first time in a while I've felt like buying bitcoin. That drop was too much panic and too little reason.
— Edward Snowden (@Snowden) March 13, 2020
The fundamental reasons for this price crash are non-existent. There is no reason to really consider this market as a victim of the geopolitical and economic problems generated by COVID19.
On the contrary, perhaps the paradigm shift proposed by Bitcoin and the whole ecosystem fighting to improve the market could benefit from this situation in the future.
Even the CEO of Bitmex has made statements of growth and on Twitter there are more and more references to a reckless panic sell.
Edward Joseph Snowden, born in 1983, is an American informant who copied and disclosed highly classified information from the National Security Agency (NSA) in 2013 when he was an employee and subcontractor of the Central Intelligence Agency (CIA).
His revelations have exposed numerous global surveillance programs, many run by the NSA and the Five Eyes Intelligence Alliance with the cooperation of telecom companies and European governments, and have sparked a cultural discussion about national security and individual privacy.
As a supporter of WEB3.0 he has spoken at numerous blockchain-related conferences and its open approach to cryptocurrency is well known.
As a lover of the zk Snarks he stands as a champion of privacy against the power of the security watchdogs and data users against our individual freedoms.