Australian Senator Sparks Controversy with "You Can't Eat Bitcoin" Remark
According to ChainCatcher, as reported by CoinTelegraph, Australian Senator Gerard Rennick criticized Bitcoin on the X platform, calling it a "Ponzi scheme" and questioning its value because it "cannot be eaten." This statement elicited a strong response from the Bitcoin community.
The Australian Bitcoin Industry Body (ABIB) stated that Rennick's remarks demonstrate a profound misunderstanding of Bitcoin, which could lead to misguided policy-making. Additionally, several Bitcoin supporters defended the value and utility of Bitcoin, highlighting its importance as a digital asset and a store of value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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