Snowden: Bitcoin is getting stronger despite government actions

Edward Snowden once again confirmed his idea that governments will not be able to ban or control cryptocurrencies.

On Sunday, a former CIA officer tweeted that Bitcoin is only getting stronger thanks to strict anti-cryptocurrency laws. He also noted that Bitcoin has increased 10-fold since his previous buy signal.

Bitcoin has since increased 10-fold. This is despite coordinated efforts by governments to prevent people from learning more about cryptocurrencies. China even banned them. But because of this, Bitcoin has only become stronger.

And indeed, 2021 has become a year of serious challenges for the entire cryptocurrency industry. Most miners were forced to leave China, which triggered a record drop in hashrate. US regulators, including Gary Gensler and Jeannette Yellen, are also pushing for tougher regulations. on Telegram to keep up to date with news from the world of cryptocurrencies

According to cointelegraph.com