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.
— Big Tech Alert (@BigTechAlert) June 10, 2021
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”.
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.