This announcement comes after the demise of Sam Bankman-Fried’s FTX and Alameda Research, which caused a massive drop in the price of bitcoin and crypto-currencies as a whole.
The whistleblower also showed his disagreement with centralized exchanges when the FTX empire collapsed, tweeting that “custody exchanges were a mistake“.
Edward Snowden takes another look at the decline of bitcoin
In his latest tweet, Snowden said, “There’s still a lot of trouble ahead, but for the first time in a long time, I’m starting to feel the itch to get back in the game.“
Before that, Snowden last tweeted about getting into bitcoin long before in March 2020, when BTC was trading at $6900. Here’s what he had to say about BTC at the time:
“This is the first time in a long time I’ve felt like buying bitcoin. This drop was too much of a panic for two small reasons.”
Since then, the price of bitcoin had risen to its all-time high of $68,983.45, before dropping to the current price of $16,607.07, at the time of this writing.
There’s still a lot of trouble ahead, but for the first time in a while I’m starting to feel the itch to scale back in. pic.twitter.com/saZXYq8MT2
– Edward Snowden (@Snowden) November 14, 2022
Edward Snowden continued in his recent tweet by stating,
“When most people say “this is not financial advice” they are lying, but this is actually not financial advice since I have no financial education and no idea what I am doing.”
Edward Snowden on SBF’s political ties
Recently, Edward Snowden also spoke out about the U.S. government’s inaction against Sam Bankman Fried, a major political donor who gave more than $36 billion to Democrats in the last election. Fried had made significant contributions to the party earlier this year.
The White House sanctions and arrests kids for the “crime” of building privacy tools to protect you, while “regulators” were quietly palling around with the thieves who just robbed 5 million people.
The difference? The thieves were big political donors.https://t.co/LIhLq6FUMF
– Edward Snowden (@Snowden) November 13, 2022