WikiLeaks Founder Julian Assange Thanks U.S. Government For 50,000% Return On Bitcoin

WikiLeaks founder Julian Assange thanked the U.S. government, claiming his organization has made a 50,000 percent return on Bitcoin after investing in the cryptocurrency in 2010 in an effort to keep the international whistleblower outfit going after the U.S. government forced Visa, Mastercard, and PayPal to boycott the group.

In a tweet over the weekend, Assange posted a screenshot comparing Bitcoin prices on July 18, 2010, and October 14, 2017, on industry website CoinDesk. In this period, the price of Bitcoin was [FIAT $0.06] the price today is around [FIAT $5,814.] This represents a 9,689,900 percent increase.

Assange, however, said that he has made a 50,000 percent return investing in the digital cryptocurrency Bitcoin over the six-year period.

This is due to the fact the U.S. government forced payment companies like Visa and MasterCard to carry out “an illegal banking blockade” against his organization. That move caused the WikiLeaks founder and others of the organization to seek alternative payment methods. The team opted for Bitcoin and later Litecoin, and they have since expanded recently to accepting the more secure altcoin Zcash as well.

WikiLeaks has been accepting cryptocurrencies since 2011 when a banking blockade attempted to cut the non-profit publisher off from its revenue streams. This caused widespread backlash as the international hacking collective Anonymous took down websites of Mastercard, Visa, and PayPal under Operation Payback.

Zcash uses cryptographic methodology called zk-Snark, a form of zero-knowledge cryptography, which allows the data of a transmission to be concealed. This means that people who donate to WikiLeaks can send a transaction without anyone or government ever being able to see who sent it or how much was transacted.

WikiLeaks supporters may find this advantageous to still be able to provide support for Assange in the Ecuadorian embassy but not end up on an intelligence agency watch list in the process.

WikiLeaks is notorious for publishing classified government documents bringing transparency to governments all over the world.

At the time of this writing, Zcash is sitting at [FIAT: $231.93], while Bitcoin is leading the market at a value of [FIAT: $5,704.06] according to Coin Market Cap.

Want an edge in the crypto markets? Subscribe to our free newsletter. Follow Coinivore on Facebook, at Twitter and Steemit.

New to Bitcoin? Check out these tools to get started.

Leave a Reply

Coinivore Newsletter

Want an edge in cryptocurrency markets? Get news that moves markets to your inbox. It’s FREE!

Enter your email address below!