Edward Snowden has touted the antifragility of Bitcoin (BTC) no matter growing regulatory scrutiny on cryptocurrencies across the world.

Tweeting on Sunday, the previous United States Central Intelligence Agency agent said that Bitcoin has gotten more potent at the lower back of presidency bans and anti-crypto policies.

Snowden’s tweet referenced comments made lower back on March 13, 2020, amid the throes of the Black Thursday decline that noticed crypto and fairness markets tank amid fears of the coronavirus pandemic.

As said through Cointelegraph on the time, Snowden changed into unfazed through Bitcoin’s 50% drop, pointing out that it changed into the primary time he “felt like shopping for Bitcoin.”

“It’s up ~10x when you consider that, no matter a coordinated international marketing campaign through governments to undermine public expertise of—and help for—cryptocurrency,” Snowden tweeted on Sunday.

During the Black Thursday crash of March 2020, Bitcoin slipped to $3,800 however has when you consider that long past directly to set a brand new all-time excessive of approximately $64,800.

Trading above $47,000 as of press time, the BTC spot charge has accelerated greater than 10 instances when you consider that Snowden’s tweet lower back in March 2020.

Indeed, 2021 has been a yr of sweeping Bitcoin and crypto crackdowns, specially in China with government in Beijing upping the ante on poor cryptocurrency policies.

Several Bitcoin miners have exited China, shifting their hardware to places overseas. The shutdown of crypto mining hobby in China even quickly prompted a large decline withinside the Bitcoin hash rate.

Related: Actions speak: China’s crypto ban can also additionally screen virtual yuan CBDC goals

Anti-Bitcoin sentiments additionally appear rife in Washington, with a few individuals of Congress espousing poor rhetoric approximately cryptocurrencies whilst additionally calling for stricter legal guidelines.

Regulators consisting of Gary Gensler, chairman of the U.S. Securities and Exchange Commission, have additionally driven for greater stringent cryptocurrency legal guidelines that critics say may want to derail virtual innovation in America.

Meanwhile, Bitcoin adoption keeps to grow, with geographical regions even entering into the mix. El Salvador lately made records because the first united states of america to just accept BTC as prison soft in a circulate that might have giant implications throughout Central and South America.

Snowden has even formerly commented on El Salvador’s Bitcoin Law, pointing out that different countries may want to come to be incentivized to just accept BTC as a reserve asset.