Former US National Security Agency and CIA official Edward Snowden said China's crackdown on the cryptocurrency industry "has only strengthened bitcoin".
Sometimes I think back to this and wonder how many people bought #Bitcoin then. It's up ~10x since, despite a coordinated global campaign by governments to undermine public understanding of—and support for—cryptocurrency. China even banned it, but it just made Bitcoin stronger.
Snowden retweeted his own post from March 2020 about wanting to buy the first cryptocurrency and noted the asset's tenfold growth since then.
"Since then, it [bitcoin] has grown about 10 times, despite a coordinated global campaign by governments to undermine public understanding and support for cryptocurrencies," Snowden wrote.
Recall that Republican Senator Pat Toomey said that opposition to digital assets by Chinese authorities opens up new opportunities in the US crypto-industry.
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