Snowden said he agreed with people buying garbage but was concerned about those who mortgage the farm to buy SHIB. He stated that people should not invest their money in a clone of dog money because a meme said they could become rich.
Edward Joseph Snowden, a former CIA informant, and employee, recently expressed his opinion about Shiba Inu (SHIB). He said he agreed with people buying garbage but was concerned about those who could mortgage the farm to buy the meme cryptocurrency.
However, Snowden praised Bitcoin, saying that he is happy with El Salvador’s decision to recognize the cryptocurrency as legal tender. He stated that there is now pressure on competing nations to acquire Bitcoin even as a store-of-value asset. He also explained that its design massively incentivized early adoption, for which those arriving late might regret doubting.
Anonymous developer Ryoshi was in charge of creating Shiba Inu in August 2020. He wrote in its White Paper that SHIB was an experiment in building a decentralized spontaneous community. He noted that it was an ERC20 token based on Ethereum.
The value of Shiba Inu recently increased by more than 850%, thus reaching a market capitalization close to USD 38.5 billion. In that way, it occupies the 9th position in the cryptocurrency ranking preceding Dogecoin.
Relevant Facts about Edward Snowden
Former analyst of the Central Intelligence Agency (CIA) and the National Security Agency (NSA), Snowden, was born on June 21st, 1983. The American justice is pursuing him because he revealed espionage programs of national and global scope. For that reason, the former official decided to look for asylum in Russia.
In June 2013, Snowden published documents about various NSA programs classified as top secret via The Guardian and The Washington Post newspapers.
The Former CIA Analyst Speaks Against Shiba Inu
Snowden expressed on Twitter his concern about Shiba Inu, stating that people should not invest their money in a clone of dog money. He said they should not risk their savings on a new dog because a meme said they could become rich.
He warned people to carefully consider their chances of outsmarting a market that sells for them. He highlighted that it is not even dog money but a CLONE of dog money.
Edward Snowden joined the critics who have raised the alarm about Shiba Inu. They included renowned investor Anthony Pompliano, who labeled Shiba Inu as dog poop, stating it was a scam.
Pompliano expressed that there is absolutely no reason why someone should have Shiba Inu. He said the only exception would be that its price can rise when other people buy it. He said there was no development activity or underlying value, restating that it was dog poop.
The Shiba Community Is Not Happy about Snowden
Shiba Inu holders quickly responded to Edward Snowden, expressing their disagreement with his opinion about the token.
The leader of the Shiba project, Shyoshi Kusama, expressed that he never trusted him since the NSA is not far from Snowden Parkway. Another follower commented that Snowden is angry because those US dollars did not go to BTC.
There are more similar comments that state that he is just jealous. Others described him as a Bitcoin maximalist that wants the investments in cryptocurrencies to flow into BTC.
To conclude, Snowden told them that they might need to reduce the size of their positions if they were angry about his tweet.
By Alexander Salazar
