Cryptocurrencies are valuable not as an investment tool, but as a means of payment. This was stated by former CIA and NSA employee Edward Snowden at the Consensus 2022 conference. Snowden joined in the criticism of the “anti-cryptocurrency” letter that a group of technology experts sent to the U.S. Congress in early June. In his opinion, the authors deliberately misinterpreted some theses about the industry. Among the authors of the letter, the specialist mentioned cryptographer Bruce Schneier. However, he called most of the other signatories “prolific public trolls. On his Twitter page, Snowden also called gold “a bitcoin that can’t be sent over the Internet. Tether CTO Paolo Ardoino responded to him. He noted that the XAUT Stablecoin, which is tied to the price of the precious metal, can be sent over the net.