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Home Crypto News Market Twitter CEO Jack Dorsey Un-Followed Senator Elizabeth Warren, Who Criticized Bitcoin

Twitter CEO Jack Dorsey Un-Followed Senator Elizabeth Warren, Who Criticized Bitcoin

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Donald Trump and Senator Elizabeth Warren have one thing in common: Both Hate Bitcoin.


Twitter CEO Jack Dorsey Un-followed Senator Elizabeth Warren, who criticized Bitcoin (BTC) during the June 9 senate meeting focused on central bank digital currencies.

 

In his keynote address, the Massachusetts senator described the largest cryptocurrency as a “lousy investment” and a “haven for illegal activity.” Warren has also called for a restriction on “environmentally wasteful” Bitcoin mining, claiming it is a “disaster” for the planet. Contrary to Warren’s latest comments, Texas Senator Ted Cruz said Bitcoin has “a lot of potential”.

She Said:

One bitcoin transaction uses the same amount of electricity as the typical household uses in a month.  Wild swings in BTC value mean that Bitcoin is a terrible currency.

Twitter CEO Jack Dorsey, a longtime Bitcoin advocate, also reacted to these statements by Senator Warren. He said that he would leave his companies to work on BTC.

I don’t think there is anything more important in my lifetime to work on.

 

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Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

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