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HomeCrypto NewsMarketTwitter 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 Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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