While everyone in the country was watching Super Bowl LVIII, the famous hacker Edward Snowden turned his attention to the huge BTC price spike. 

In a post from Feb. 11, Snowden broke his curiosity and said he was very interested in keeping an eye on the rise of cryptocurrencies, comparing them to the popular Super Bowl show.

The most popular cryptocurrency in the world has been going up steadily over the past week, rising by 13.25% from $42,970 to $48,663, breaking through the $48,000 resistance. 

Within 24 hours, Bitcoin witnessed a 2% surge, subsequently encountering a marginal dip of 1.09%, stabilizing at around $48,100. Multiple factors have propelled BTC’s ascent beyond the $48,000 mark. 

Bitcoin ETFs Accumulate and Layer-2 Solutions Gain Traction

Notably, Bitcoin ETF makers have kept buying BTC, while Grayscale’s efforts to sell BTC have decreased. Bitcoin ETF providers have reported large amounts of BTC coming in.

everybody watching the #SuperBowl and here i am watching the bitcoin chart

— Edward Snowden (@Snowden) February 12, 2024

Furthermore, the story about Bitcoin’s layer-2 solutions has grown, indicating that it may have more uses than just being a form of storage. This growing acceptance in the cryptocurrency world has strengthened BTC’s position.

The current surge has also been helped by venture capitalists investing in BTC-based projects. About six months ago, projects started raising funds, and now they experience a lot of profits coming in. 

As a great supporter of Bitcoin, Robert Kiyosaki tweeted over the weekend that he thinks “the American Empire” will fall soon, comparing it to the Roman Empire. 

END OF THE AMERICAN EMPIRE? This week Americans will bet $68 billion on a game. At the same time America’s debt is the highest in world history, a debt America can never back. The Roman Empire ended in the same way with massive gladiators entertaining chubby Romans while their…

— Robert Kiyosaki (@theRealKiyosaki) February 10, 2024

Again, Kiyosaki said that the U.S. has a substantial national debt that is growing quickly and now amounts to about $34 trillion. He said the Super Bowl was like “gladiators entertaining Romans” when Rome’s economy quickly fell apart. 

He told those who follow him to trade BTC instead of the Super Bowl. Mr. Edward Snowden Blockchain “Rich Dad, Poor Dad” Bob Kiyosaki is the author.

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