Edward Snowden watches Bitcoin rise, forgetting about Super Bowl

Edward Snowden watches Bitcoin rise, forgetting about Super Bowl

Even though the Super Bowl attracted everyone’s attention in the US, it seems that Edward Snowden finds the current rise in Bitcoin price much more interesting to watch. This is what his recent tweet is about.

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Even though the Super Bowl attracted everyone’s attention in the US, it seems that Edward Snowden finds the current rise in Bitcoin price much more interesting to watch. This is what his recent tweet is about.

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Watching the Bitcoin chart, instead of the Super Bowl

While the eyes of the United States nation were glued to Super Bowl LVIII, some major figures in the cryptocurrency space preferred to see Bitcoin surpass the $48,000 level. One of them is the prominent whistleblower Edward Snowden. He took to Twitter to say that he couldn’t take his eyes off the Bitcoin chart while everyone else was watching the Super Bowl.

Over the past week, the global flagship cryptocurrency Bitcoin added 13.25% going from $42,970 to the $48,663 level. In the last 24 hours, the increase in BTC has constituted 2%. A slight drop of 1.09% followed, taking Bitcoin to the $48,100 level, where it is exchanging hands at the time of writing.

There are several important reasons why Bitcoin surpassed the $48,000 mark. Bitcoin ETF issuers continue to acquire BTC, while the selling pressure exerted by Grayscale appears to be easing now. Bitcoin ETF providers continue to report massive BTC inflows.

The second reason is that Bitcoin’s layer 2 narrative is getting stronger, as many within the cryptocurrency space begin to realize that BTC may be bigger than just a store of value.

The third factor that contributed to Bitcoin’s advance, first above $45,000 and now also above $48,000, is the influx of funds from venture capitalists into developing Bitcoin-based projects. Apps that started raising money about half a year ago are now experiencing massive cash inflows and have even become oversaturated with capital.

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Robert Kiyosaki endorses Bitcoin during the Super Bowl

Financial guru and “Rich Dad Poor Dad” author Robert Kiyosaki, who is also a big proponent of Bitcoin, tweeted over the weekend that he hopes “the American Empire” will collapse soon, comparing it to the Roman Empire.

Kiyosaki again noted that the United States is deeply mired in its rapidly growing national debt, which currently constitutes approximately $34 trillion. He compared the Super Bowl to “gladiators entertaining the Romans” as the Roman economy rapidly declined. He urged his followers to bet on Bitcoin and not the Super Bowl.

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