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Snowden Urges Other Countries to Embrace Bitcoin: Latecomers May Regret Hesitating

Zachary Pearce by Zachary Pearce
September 8, 2021
in Cryptocurrency
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Snowden Urges Other Countries to Embrace Bitcoin: Latecomers May Regret Hesitating
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Edward Snowden said and called for other nations to adopt Bitcoin after El Salvador. According to Snowden, latecomers may regret their hesitation to adopt Bitcoin.

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Popular computer expert and former Intelligence Agency employee Edward Snowden commented on the legal adoption of Bitcoin by El Salvador. Snowden believes it is now important for other nations to adopt BTC as well.

“Those who are late may regret their hesitation”

Snowden commented on a post by crypto journalist Aaron van Wirdum, who can pay at McDonalds in El Salvador on Sept. 7, praising the fact on Twitter. Snowden wrote that there is now “pressure on competing countries” to start buying the leading cryptocurrency. Snowden noted that Bitcoin’s design greatly encourages early adoption.

He believes that nations that will adopt Bitcoin late may regret it.

Today Bitcoin was formally recognized as legal tender in its first country.

Beyond the headlines, there is now pressure on competing nations to acquire Bitcoin—even if only as a reserve asset—as its design massively incentivizes early adoption.

Latecomers may regret hesitating https://t.co/mggfDk4v9z

– Edward Snowden (@Snowden) September 7, 2021


Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.

Tags: BitcoinCountriesEmbraceHesitatingLatecomersRegretSnowdenUrges
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