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Edward Snowden Prioritizes Bitcoin Over Super Bowl

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TL;DR

  • During Super Bowl LVIII, Edward Snowden shifted his focus from the game to the Bitcoin market, highlighting his interest in the leading cryptocurrency.
  • Despite the Super Bowl historically being a significant stage for cryptocurrency-related advertising, this year was exceptionally quiet in that regard, with few companies in the sector running ads during the event.
  • BTC’s value surpassed $48,000 during the game, marking its highest level in a month and coinciding with Lunar New Year celebrations in Asia.

During Super Bowl LVIII, while millions of fans were focused on the game, Edward Snowden, the former National Security Agency (NSA) contractor, had his attention elsewhere: the Bitcoin market. Through a post on X (formerly Twitter), Snowden shared his ironic perspective, commenting that while everyone else was enjoying the event, he was watching the BTC chart.

Although the Super Bowl has typically been a significant stage for cryptocurrency-related advertising, this year was notably quiet in that aspect, with few major companies in the sector running ads during the event. The exception was Jack Dorsey, co-founder of Twitter and Block Inc., who drew attention by wearing a sweatshirt with the word “Satoshi” during the game, in a gesture of support for Bitcoin and its mysterious creator, Satoshi Nakamoto.

Meanwhile, in the crypto market, Bitcoin reached a value of over $48,000 during the Super Bowl, marking its highest level in a month. This increase in BTC’s value coincided with Lunar New Year celebrations in Asia, suggesting growing interest in the cryptocurrency in key regions of the world for the industry.

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Bitcoin Keeps Rising and Takes Center Stage

Furthermore, the market has witnessed significant investment activity, with several Bitcoin Exchange Traded Funds absorbing over a billion dollars in investments. Although Grayscale’s Bitcoin Trust, now an ETF, has faced a reduction in outflows, new BTC ETFs in the US have experienced a notable increase in inflows, signaling further acceptance of the leading cryptocurrency in traditional finance.

The launch of these new financial products is transforming access mechanisms to the crypto world. These events suggest that the industry is gaining ground, and more and more people, including prominent figures like Snowden, are paying attention to its development and evolution.

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