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Why this Computer Scientist Thinks Bitcoin is the Greatest Invention Since Coinage

2 mins
Updated by Ryan James
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In Brief

  • After highlighting its censorship qualities, Edward Snowden recently commended Bitcoin as the largest monetary invention since coinage.
  • Finance author Robert Kiyosaki predicted that Bitcoin, which aligns with his asset investment thesis, will reach $100,000 by June 2024.
  • Kiyosaki's advocacy for Bitcoin fits his critique of the US Federal Reserve and previous warnings aorund centralized financial control.
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In a recent tweet, computer scientist Edward Snowden argued that Bitcoin was the greatest invention since coinage. His tweets come after the asset’s recent rally that saw Robert Kiyosaki predict that Bitcoin would reach $100,000 “by June 2024.” 

Robert Kiyosaki predicted that Bitcoin would reach $100,000 in June 2024, even as former NSA whistleblower Edward Snowden reminded the community of the profundity of the asset.

Why Kyosaki Supports Bitcoin Over CBDCs

Kiyosaki predicted that Bitcoin’s price would reach $100,000 by June 2024, shortly after the Bitcoin halving in April. While he didn’t provide a reason, his comments about Bitcoin and advocacy align with the thesis in his 1997 book Rich Dad, Poor Dad.

In the bestseller, Kiyosaki challenged the conventional wisdom that a good education was the road to financial success. While he supports education, he proposes that assets offer better prospects for financial security

“Want to be rich? Buy assets. It seems simple, but so many people struggle because they buy liabilities,” he said in his book.

Read more: 7 Practical Tips to Make Your Early Retirement Planning Easy

kiyosaki cbdc snowden
Global Income Inequality 1980-2022 | Source: World Inequality Database

Later, Kiyosaki became critical of the US Federal Reserve for favoring the rich over the poor and previously spoke out against the impending communist state. He also cautioned that the Bank for International Settlements (BIS) will enable central banks, governments, and companies to control people’s spending. As an alternative to fiat currency, Kiyosaki advocates Bitcoin.

Snowden Backs Kiyosaki’s Privacy Thesis

A former NSA contractor, Edward Snowden, who has also promoted using Bitcoin anonymously, commented last weekend that Bitcoin is the greatest monetary invention since coinage. He implied in a recent tweet that this statement should be accepted at face value.

“Unpopular but true: Bitcoin is the most significant monetary advance since the creation of coinage. If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry,” he wrote Sunday.

Read more: TradFi Explained: Exploring Key Elements of Traditional Finance

Though not strictly a member of the cypherpunk movement that rejected centralized control following the release of the Bitcoin whitepaper, Snowden recently described computers as tools for liberation. Following the US Securities and Exchange Commission’s crackdowns on Coinbase and Binance, he implied the solution was to “fix the money, fix the state.” 

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David Thomas
David Thomas graduated from the University of Kwa-Zulu Natal in Durban, South Africa, with an Honors degree in electronic engineering. He worked as an engineer for eight years, developing software for industrial processes at South African automation specialist Autotronix (Pty) Ltd., mining control systems for AngloGold Ashanti, and consumer products at Inhep Digital Security, a domestic security company wholly owned by Swedish conglomerate Assa Abloy. He has experience writing software in C,...