June 4, 2023

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Elon Musk and Edward Snowden, two personalities that have shown visible support to the DeFi sector, have recently talked about Bitcoin.

At present, Bitcoin price is at $16K support. However, both have come forward to issue positive projections about the flagship cryptocurrency.

Edward Snowden has been known to attend all major cryptocurrency events. He also posted a congratulatory remark on Twitter on the Bitcoin 14th Birthday last month.

Recently, he has taken to Twitter to claim that he wishes to increase his Bitcoin exposure. He posted a chart on his Twitter feed claiming that the time for a retracement was nearing.

In 2020, when Bitcoin prices crashed significantly, Edward Snowden also posted a similar remark on his Twitter.

During the time, Bitcoin per unit price had crashed from $8K to $3K per unit on account of the increasing COVID scares. However, he has added a warning in his recent tweet claiming that investors should prepare for trouble ahead.

At the same time, Tesla CEO and now Twitter owner Elon Musk has tweeted that Bitcoin will make it. He also extended the warning to the investors claiming that it could be a long winter. Talking about the matter of FTX Group, he had claimed that he sensed a lot of gibberish in SBF’s statements.

The Need for Crypto Regulations

Binance’s CEO has recently talked about the need for a cryptocurrency association where the crypto enterprises form a united front.

As per his statement, he wishes to set up a cryptocurrency association that can prepare a response to the much-anticipated cryptocurrency regulations.

He has mentioned that the association would be headed by Binance, and he claimed that it would act as a third party. He further explained that the request for the preparation of a crypto association had been submitted by several financial regulators.

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As per CZ, the association could weigh in on the matter of pros and cons associated with a regulatory framework.

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