Former National Security Agency contractor and whistleblower Edward Snowden on Monday he said he should have never claimed to be one ‘Satoshi Nakamoto’the pseudonym used by That of Bitcoin Bitcoin/USD founder, the public should carefully examine his statement.
What happened: In a tweet, warned that if he were to claim to be Satoshi, people should consider whether he is “just trolling or whether age has finally robbed me of my faculties, because if it is neither of these, then it is definitely being used as a code of coercion” .
A coercion code is a signal used when someone is under threat and is forced to act against their will, indicating their distress to an outside observer.
Reiterating its support for BitcoinSnowden on Sunday called it “the most significant monetary advance since the creation of coinage.”
This is not Snowden’s first expression of support for Bitcoin. He has been a vocal supporter for some time. His recent remarks come during a period of significant growth in the Bitcoin market, witnessing a nearly 23% increase in value since the start of 2024. The cryptocurrency recently hit a 26-month high, hitting a price of $52,000, partly due to the optimism surrounding the place Exchange-traded funds (ETF).
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Because matter: The name “Satoshi Nakamoto” is at the heart of Bitcoin’s origin story. It belongs to the mysterious figure, or perhaps group, that wrote the Bitcoin white paper in 2008 and released the initial software that kicked off the network in 2009. The creators behind this name have managed to keep their identity a secret jealously guarded, adding a layer of intrigue to Bitcoin’s legacy. Nakamoto is believed to have amassed around 1 million BTC while building the network.
The question of whether “Satoshi Nakamoto” represents a single individual or a collective has long sparked debate within the crypto community. In the meantime, Craig Wrighta computer scientist, claimed to be the real Satoshi.
During last week’s Super Bowl LVIII, while sports fans’ attention was focused on the game, Snowden was absorbed in the cryptocurrency market. He posted: “everyone watches the #SuperBowl and here I am looking at the bitcoin chart.”
In early January, Snowden took a blow Jamie Dimonthe CEO of JP Morgan Chase, in light of the Securities and Exchange Commission’s approval of a Bitcoin ETF. He tweeted: “It’s amazing how all it took for the SEC to approve a Bitcoin ETF was to transform the CEO of JPMorgan from the Money King into that guy who spends half of every interview insisting ‘I don’t care about Bitcoin,’ and the other half sobbing that I stole his wife and shot his dog.”
Photo courtesy: Wikimedia Commons
Price action: At the time of writing, Bitcoin it traded at $51,621, down 0.91% over the past 24 hours, as reported by Benzinga Pro.
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