Edward Snowden, president of the Freedom of the Press Foundation and a renowned whistleblower, deems there is more value in cryptocurrencies in their use as a means of digital payment than as an investment. Snowden believes that crypto is better as an expendable asset than a form of investment. The former computer intelligence consultant made this assertion at a virtual media session in Austin, Texas, saying, "I use Bitcoin to use it. In 2013, Bitcoin is what I used to pay for the servers pseudonymously."

"Generally, I don't encourage people to put their money in cryptocurrencies as a technology, and this is what distances me from a lot of people in the community," added Snowden in a virtual interview at CoinDesk's Consensus 2022 conference.

Snowden acknowledged that although Bitcoin's public ledger had certain faults, he was "very much a fan" of the technology and compared it to gold, saying that the borderless aspect of Bitcoin and crypto more generally, is an astounding thing. Immediately after the meeting, Snowden tweeted that gold is "Bitcoin that can't be sent over the Internet."

Snowden also defended the crypto industry in the face of recent criticism by a group of tech experts who in an open letter criticised cryptocurrency and blockchain technology as a whole to counter lobbying efforts by the industry at the start of this month.

Snowden said he believes the signatories were deliberately misunderstanding the crypto industry, recycling a number of arguments that have been made repeatedly in the past.

https://coins-gazette.com/post-detail/edward-snowden-believes-that-crypto-is-better-suited-to-payments-than-investment

Reasonable take on the subject.

Buy the dip. btc is going to 100K by december