**Edward Snowden** has taken a jab at **Elizabeth Warren's** anti-**Bitcoin** stance, comparing it to the **bizarre perspective** of the **Chinese Communist Party** (CCP). Snowden noted that Warren, a vocal advocate for increased government control over banking, has repeatedly expressed her hostility towards Bitcoin. **Snowden's tweet drew parallels between Warren's views and the CCP's stance**, which has been marked by a combination of **hostility and surveillance**, including a ban on cryptocurrency transactions in China. Snowden's comments highlight the **stark contrast** between **Warren's anti-cryptocurrency position** and the **growing recognition** of Bitcoin as a valuable and transformative technology.  

Renowned whistleblower and privacy advocate Edward Snowden poked fun at Senator Elizabeth Warren (D-Mass.) for her anti-Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) stance by comparing it with the bizarre perspective ...<a href=https://www.benzinga.com/markets/cryptocurrency/24/06/39263151/edward-snowden-takes-a-jab-at-elizabeth-warrens-anti-bitcoin-stance-through-the-infamous-w alt=Edward Snowden Takes A Jab At Elizabeth Warren&#039;s Anti-Bitcoin Stance Through The Infamous &#039;We&#039;re All Going To Die&#039; Remark Broadcast On China-Controlled TV>Full story available on Benzinga.com</a>

Loading...Loading...Renowned whistleblower and privacy advocate Edward Snowden poked fun at Senator Elizabeth Warren (D-Mass.) for her anti-Bitcoin BTC/USD stance by comparing it with the bizarre perspective of the Chinese Communist Party.What Happened: In a cheeky X post on Monday, Snowden wrote, "Elizabeth “banks should control everything” Warren: nobody will ever hate bitcoin more than me; the chinese communist party: hold my maotai."elizabeth "banks should control everything" warren: nobody will Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Edward Snowden Takes A Jab At Elizabeth Warren's Anti-Bitcoin Stance Through The Infamous 'We're All Going To Die' Remark Broadcast On China-Controlled TV

Edward Snowden Mocks Elizabeth Warren's Anti-Bitcoin Stance, Likening It to China's Bizarre Perspective

### RFK Jr. Takes the Stage at Bitcoin2024 Conference
Robert F. Kennedy Jr. made headlines at the **Bitcoin2024 conference** in Nashville, addressing rumors about his presidential campaign while taking aim at former President **Donald Trump**. 

### A Call for Skepticism
Kennedy welcomed Trump’s apparent shift towards **Bitcoin**, suggesting he may propose a **Bitcoin Fort Knox** and purchase a million Bitcoin as a strategic reserve. However, he cautioned that skepticism is warranted regarding Trump's commitment, given his previous **hostility** towards Bitcoin. 

### A Historical Perspective
Kennedy reminded attendees of Trump’s past declarations, labeling Bitcoin a **scam** and expressing his disapproval of it as a competitor to the U.S. dollar. He asserted that his own long-standing support for Bitcoin has paved the way for political leaders to embrace the cryptocurrency. 

### The Importance of Values
He emphasized that Bitcoin represents more than just currency; it embodies **values** and **freedom**. Kennedy challenged Trump to clarify how his values align with those of Bitcoin supporters. 

### Critique of Political Rivals
In his speech, Kennedy also criticized both Trump and **President Biden**, highlighting the suppression of free speech and the failure to pardon whistleblowers like **Edward Snowden**. 

### Pledges for a Bitcoin Future
Kennedy promised to take significant actions if elected, including:
- **Transferring 200,000 Bitcoin** to the U.S. Treasury as a strategic reserve.
- **Purchasing 550 Bitcoin daily** until reaching a reserve of 4 million Bitcoin.
- Directing the IRS to treat Bitcoin as an eligible asset for **1031 Exchange**, making transactions unreportable and nontaxable.

### Bitcoin as a Solution
Kennedy portrayed Bitcoin as a **"currency of hope"**, underscoring the economic struggles faced by Americans. He articulated that without a stable monetary policy, the economy would continue to decline. 

### A Commitment to Freedom
In a nod to his independent campaign, Kennedy stated his allegiance lies with **principles** over political parties, likening his identity to **orange**—the color of freedom. This resonated well with the enthusiastic crowd, who responded with cheers and laughter. 

Kennedy concluded his speech by reinforcing the idea that Bitcoin is essential for economic stability and personal freedom, positioning it as a beacon of hope for the American people.

Robert F. Kennedy Jr. was among the notable speakers at the Bitcoin2024 conference in Nashville.

Robert F. Kennedy Jr. Critiques Trump and Advocates for Bitcoin as a Strategic Reserve in Nashville

### Edward Snowden's Call to Action

In a recent discussion, **Edward Snowden**, the renowned privacy advocate, urged **Bitcoin fans** to engage in the electoral process. However, he cautioned against the dangers of joining a **cult-like mentality** in the cryptocurrency community.

### A Historical Perspective on Elections

Snowden expressed skepticism about the effectiveness of elections, noting that they have historically resulted in minimal change. He emphasized the importance of critical thinking and independent decision-making in politics, especially in the context of **cryptocurrency**.

### The Threat of AI

In addition to discussing elections, Snowden raised concerns about the **threat of artificial intelligence** to individual freedoms. He highlighted the potential for AI to infringe upon personal privacy and autonomy, urging citizens to remain vigilant.

### A Message of Empowerment

While advocating for participation in democracy, Snowden's message is clear: **be informed**, **think critically**, and **avoid blind allegiance** to any ideology. His insights serve as a reminder for Bitcoin supporters to remain grounded and focused on the core values of the movement.

The outspoken privacy advocate said elections historically haven't changed much, and meanwhile railed against the threat AI poses to citizens.

Edward Snowden's Bold Advice to Bitcoin Enthusiasts: Vote Wisely, Avoid Cult Mentality!

### Saylor’s Perspective on Bitcoin's Economic Potential  
During his presentation at the **Bitcoin2024 conference**, MicroStrategy’s executive chairman **Michael Saylor** emphasized that **Bitcoin** could potentially solve half of the world’s economic problems, particularly for countries grappling with rising national debt. He stated, *“The world, as we know it, is based on 20th-century ideas and technology. If we want to prosper in the 21st century, we need new ideas based on new technology.”*  
  
### A Vision for Bitcoin's Future Value  
Saylor projected that by **2045**, Bitcoin could reach an astonishing **$13 million per coin** based on a conservative growth rate. He urged individuals, corporations, and nations to adopt Bitcoin as a primary treasury asset for long-term capital preservation.  
  
### The Economic Advantage of Early Adoption  
Saylor argued that the first country to fully embrace Bitcoin could gain a **significant economic advantage**. He stated, *“The first country to buy Bitcoin by issuing its own currency wins.”* This highlights the potential for countries to leverage Bitcoin to solve economic issues, particularly for those with substantial debt.  
  
### Strategies for Nations to Adopt Bitcoin  
Saylor outlined several strategies for national adoption of Bitcoin, including:  
- **Modest Allocations**: Starting with small investments in Bitcoin.  
- **Aggressive Investments**: Ranging from the **“maxi” strategy**, which involves allocating a third of a nation’s treasury to Bitcoin, to the **“triple maxi” strategy** where all treasury assets are converted to Bitcoin.  
He explained, *“The maxi strategy pays off your debt. The double maxi strategy makes you rich. The triple maxi strategy makes you very rich.”*  
  
### Critique of Current Financial Systems  
Saylor criticized the inefficiencies of the current financial system, describing it as **slow and expensive**. He pointed out that global wealth is estimated at **$900 trillion**, with Bitcoin representing a mere **$1 trillion**. He stated, *“The global economy struggles because we’re relying upon imperfect assets and imperfect systems to store that capital.”*  
  
### Bitcoin as the Future of Capital  
In contrast to traditional assets like gold and real estate, Saylor portrayed Bitcoin as an **“immortal, immutable, and immaterial”** form of capital, offering a significantly longer lifespan and greater resilience against inflation and depreciation. He concluded, *“Bitcoin is digital capital. It’s got an infinite lifespan.”*  
  
This visionary perspective from Saylor highlights the potential for Bitcoin to reshape global economies and the urgency for nations to reconsider their treasury strategies in the face of rising debt and outdated financial systems.

Saylor suggested that the first country to fully embrace Bitcoin could gain a significant economic advantage.

Michael Saylor’s Bold Vision: The Race for Bitcoin Adoption Among Nations

### Major Bitcoin Conference in Nashville

The **2024 Bitcoin Conference** is taking place in Nashville, attracting **over 20,000 attendees** from various sectors, including celebrities, politicians, and business executives. The highlight of the event will be a speech from former President **Donald Trump** on Saturday.

### Attendee Insights

Among the attendees are **Aaron and LaTovia Cheatham** from Arizona, who shared their journey with Bitcoin, having invested a significant portion of their life savings into it, which they managed to double within months. They expressed optimism about their investment securing their family's future, stating, "We’ve just secured the future for our children and their children."

### Educational Focus

**Brandon Green**, the conference's executive director, emphasized the educational aspect of the event, noting that there are **over 50 million Americans** owning Bitcoin today. He described Bitcoin as the **first decentralized, permissionless global monetary system** that is entirely digital.

### Key Speakers

The conference will also feature **Independent presidential candidate Robert F. Kennedy Jr.** alongside Trump, both advocating for Bitcoin. Green noted the political landscape, where some factions aim to regulate the industry, while these candidates seek to promote Bitcoin and keep the industry within the U.S.

### Security Measures

In light of heightened security concerns following an attempted assassination on Trump, the conference has increased its security protocols significantly.

### Looking Ahead

The Cheathams expressed their eagerness to connect with others at the conference and reaffirmed their belief in Bitcoin's potential. Tickets for the event are available starting at **$200**, with VIP packages costing up to **$21,000**. Stay tuned for coverage of Trump's speech tomorrow.

The three-day event is expected to attract over 20,000 attendees, many of whom are eager to hear former President Donald Trump speak on Saturday.

Bitcoin Conference in Nashville: Trump, 20,000 Attendees, and the Future of Cryptocurrency

### Tim Scott Joins the Crypto Movement

After years of silence on digital assets, **Sen. Tim Scott**, the top Republican on the Senate Banking Committee, has emerged as a prominent advocate for **crypto-friendly regulation**. At the **Bitcoin 2024** event in Nashville, he expressed the need for the government to **"make it easy"** for the crypto industry to innovate in the U.S.

Scott's appearance comes at a time when the Senate has struggled to advance crypto legislation, despite progress in the House. He stood alongside notable figures such as **Michael Saylor** and **Cathie Wood**, who also emphasized the importance of **bitcoin as a reserve asset** for the U.S. Treasury.

### A Shift in Republican Stance

Historically a skeptic, Scott's recent remarks align him with other Republican lawmakers who are now recognizing the potential of cryptocurrencies. He openly criticized **SEC Chair Gary Gensler** as a barrier to progress, declaring, **"Hit the road, Jack, and don't you come back, no more, no more, no more."** 

Scott's potential ascent to the chairmanship of the Senate Banking Committee could further influence crypto legislation, especially if Republicans regain control of the Senate after the upcoming elections. He promised to expedite votes on crypto legislation, particularly those proposed by **Sen. Cynthia Lummis**, who has been advocating for the Federal Reserve to hold bitcoin as a strategic reserve asset.

### The Future of Bitcoin Legislation

While new crypto regulations have passed in the House, they remain stalled in the Senate. The urgency to push these initiatives through is heightened by the approaching 2024 elections. **Michael Saylor**, during the conference, urged the U.S. to acquire **4 million BTC** to enhance its financial strength, suggesting that **bitcoin could solve half of our economic problems**. 

Cathie Wood echoed similar sentiments, stating that a strategic bitcoin reserve could be **transformational** for the U.S. economy. 

The discussions at Bitcoin 2024 reflect a growing recognition among lawmakers of the innovations that **bitcoin** brings, contrasting sharply with the regulatory skepticism that has prevailed in Washington in recent years. 

### Noteworthy Mentions

- **Robert F. Kennedy**, independent presidential candidate, also committed to making bitcoin a strategic reserve asset if elected, although he is seen as a long-shot candidate.
- The event set the stage for former President **Donald Trump**, who has recently shifted from crypto resistance to advocacy.

As the landscape of crypto legislation evolves, the voices of influential lawmakers like Scott and Lummis will be pivotal in shaping the future of digital assets in America.

After years of consequential silence on digital assets, the top Republican on the Senate Banking Committee stormed a Bitcoin 2024 stage as a booster.

Tim Scott's Bold Crypto Advocacy: A Game Changer for Bitcoin Regulation?

### **Market Overview**
Stocks (^DJI, ^IXIC, ^GSPC) are ending the week on a **positive note**, recovering some losses after a turbulent period on Wall Street. 

### **Big Tech Rotation**
Yahoo Finance reporter **Jared Blikre** analyzes the **ongoing market rotation** out of **Big Tech** and into **small caps**. This shift signifies a major change in investor sentiment and strategy, reflecting a desire for more **diversified investment** opportunities. 

### **Japanese Yen Performance**
The **Japanese yen** has also shown notable performance, impacting global market dynamics. Investors are closely monitoring its fluctuations as they can influence various asset classes, including cryptocurrencies.

### **Bitcoin Price Action**
**Bitcoin's (BTC-USD)** recent price action is a focal point of discussion. As the market evolves, Bitcoin continues to capture attention, with analysts predicting potential volatility as investors react to broader market trends. 

For more expert insight and the latest market action, click here to watch this full episode of **Asking For A Trend**.

Stocks (^DJI, ^IXIC, ^GSPC) are ending the week on a positive note, recouping some losses after a turbulent period on Wall Street. Yahoo Finance reporter Jared Blikre analyzes the day's top trading takeaways, examining the ongoing market rotation out of Big Tech and into small caps, the Japanese yen's performance, and bitcoin's (BTC-USD) recent price action. For more expert insight and the latest market action, click here to watch this full episode of Asking For A Trend. This post was written by Angel Smith

Market Shifts: Bitcoin and Tech Stocks on the Rise!

**SEC Approves Grayscale Bitcoin Mini Trust**

On July 26, 2024, the **U.S. Securities and Exchange Commission (SEC)** approved the **Grayscale Bitcoin Mini Trust**. However, the trust is still pending the effectiveness of its **S-1 registration statement** before it can start trading.

### Details of the Approval

The SEC specifically sanctioned the **19b-4 form** for the Grayscale Bitcoin Mini Trust, which will trade under the ticker symbol **BTC**. This mini trust is designed as a “spin-off” of the existing **Grayscale Bitcoin Trust (GBTC)**. New shares of the mini trust will be allocated to existing GBTC shareholders, who will receive a portion of Bitcoin contributed by GBTC to the mini trust.

According to an SEC document, the approval aims to ensure:
- **Fair disclosure** of information necessary for pricing the trust's shares.
- **Prevention of trading** when transparency cannot be assured.
- **Protection of non-public information** about the trust’s portfolios.
- **Orderly markets** for the shares of the trusts.

### Next Steps for Grayscale

A Grayscale spokesperson noted, “Grayscale awaits the effectiveness of BTC's registration statement on Form S-1.” Once approved, the mini trust will operate as a **U.S. spot Bitcoin ETP**, alongside GBTC and other similar products. Grayscale has promised to update the public on the listing date for the Bitcoin Mini Trust on **NYSE Arca**.

This development comes over seven months after the SEC approved **11 spot Bitcoin ETFs**, which have collectively attracted millions in investments. The agency also made headlines earlier this year by approving **spot Ethereum ETFs**. Notably, Grayscale was granted approval for both a spot Ethereum ETF and a spot Bitcoin ETF.

*Disclaimer: This article is intended for informational purposes only and should not be considered legal, tax, investment, or financial advice.*

The U.S. Securities and Exchange Commission approved Grayscale's mini version of its Grayscale Bitcoin Trust (GBTC) on Friday.

Edward Snowden Mocks Elizabeth Warren's Anti-Bitcoin Stance, Likening It to China's Bizarre Perspective

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Other Latest News

Robert F. Kennedy Jr. Critiques Trump and Advocates for Bitcoin as a Strategic Reserve in Nashville

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Michael Saylor’s Bold Vision: The Race for Bitcoin Adoption Among Nations

Bitcoin Conference in Nashville: Trump, 20,000 Attendees, and the Future of Cryptocurrency

Tim Scott's Bold Crypto Advocacy: A Game Changer for Bitcoin Regulation?

Market Shifts: Bitcoin and Tech Stocks on the Rise!

SEC Greenlights Grayscale Bitcoin Mini Trust: What You Need to Know