Snowden: Bitcoin is Freedom

written by

Support free journalists: > send a tip

Human rights activist and privacy proponent Edward Snowden has praised Bitcoin’s intrinsic characteristics as a permissionless currency and, therefore, believes that it is the only “free money” that guarantees personal freedom.

Snowden had compared Bitcoin favorably to other crypto such as Facebook’s Libra, when performing as an aspect of privacy protection. He said this via teleconference during the recent Bitcoin 2019 Conference, where privacy was a hotly-debated topic.

Libra comparisons came up, as the media focus has been touting what it might do for mainstream awareness and eventual adoption of other crypto such as Bitcoin, since Libra is seen as the newest member of the asset class. However, those like Snowden are quick to point out that while similar in technology, Libra and Bitcoin couldn’t be farther apart in terms of privacy and decentralization, among others.

Clarifying what he meant by “free money”, Snowden simply stated: “Bitcoin is freedom”. He insists that privacy is what enables people to determine their own freedoms, and used the example of the internet that purportedly offers freedom of speech, yet takes it away is users get “deplatformed” or banned from sites for violating terms and conditions.

The NSA whistleblower went on to say that people had never been offered the right to freedom when it came to trade until Bitcoin’s emergence. He equates liberty with “freedom without permission”, something he insisted only Bitcoin was capable of achieving, when it comes to money.

At the same time, because of privacy’s indellible association with Bitcoin, he also warned of how a “lack of privacy is an existential threat to Bitcoin”, implying that even with the ideals of the likes of Libra, their very centralized nature and keenness to comply with privacy-reducing regulations make them a natural opponent of Bitcoin. is committed to unbiased news and upholding journalistic codes of ethics. For more information please read our Editorial Policy here.

Follow on Twitter: @bitcoinnewscom

Telegram Alerts from

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter