Will Edward Snowden's Bitcoin Price Prediction Be Accurate Again

On Monday Edward Snowden tweeted ‘for the first time in a while I’m starting to feel the itch to scale back in‘ with the Bitcoin price around $16,500.

The former NSA and CIA agent added one caveat: ‘There’s still a lot of trouble ahead.’

The Bitcoin price did rally in the hours following his tweet, now up 4% in the past 24 hours.

After four days of FUD surrounding the bankruptcy and shady dealings of FTX exchange and Alameda – which Snowden has also been commenting on – could a short term bounce be due?

Edward Snowden’s Last Bitcoin Price Prediction

Snowden added a price chart with his tweet, showing the last time he made a similar Bitcoin prediction near a bear market bottom.

On March 13th, 2020 – the day the Bitcoin price dropped to $3,782 in the infamous covid crash – he tweeted:

He was right then, as after taking that liquidity Bitcoin pumped to $65,000 in May 2021 and then $69,000 in November, its all time high.

His gut is now telling him the worst of the crypto winter is over, and short of some ‘trouble‘ – perhaps some sideways chop and consolidation – it’s a good time to buy Bitcoin.

He added a follow up tweet in his usual humble style – ‘this is not financial advice and I have no idea what I’m doing‘.

Snowden has however been a long-term follower of cryptocurrency and even participated in the creation ceremony of privacy coin Zcash in 2016.

This week Edward Snowden has also tweeted:

‘And they call *me* a criminal‘ (in response to Sam Bankman-Fried’s lies and deleted tweets)
‘Custodial exchanges were a mistake’ (shortly before FTX exchange was shown to be insolvent, and rumors then swirled over Crypto.com)
‘The White House sanctions and arrests kids for the “crime” of building privacy tools to protect you, while “regulators” were quietly palling around with the thieves who just robbed 5 million people. The difference? The thieves were big political donors.’ (referring to Tornado Cash and Gary Gensler)

Since its all-time high the Bitcoin price has retraced as low as $15,500 on November 9th, an almost 80% correction.