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Australian Senator Gerard Rennick caused ua mixing 23. May Post on x After describing bitcoin
Btc
109.226,29 USD
As a “ponzi scheme”.
Claimed that the value of bitcoin would continue to climb Due to large investors like Blackkck by pushing more money into assets with a fixed supply.
Senator Rennick added, “You can’t eat bitcoin” and questioned his usefulness in the real world.
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Currently leads the first party of people, Senator Rennick argued that Bitcoin and his supporters offer a little to the economy of Australia. Instead, he said the country should focus on the construction of basic infrastructure such as roads, energy systems and access to clean water.
He wrote in the post “Australia need real engineers, not financial engineers.”
Senator remarks of Rennick have drawn criticism from the Crypto Community. In a May 24 Post on xThe Australian body of the Bitcoin industry (Abib) called his comments “deep misunderstanding.”
They warned that Public statements like his might lead to bad decisions of the legislators. Abib said the Australians are already using bitcoin, and it really is a question of whether the leaders are willing to understand his role in the future of the country.
Senator Rennick, however, questioned why anyone cares about his opinion on Bitcoin in the first place. Wrote the UA Further post on x“You’re disappointed what a politician thinks of Bitcoin? Seriously? Invest how you want.”
A recent proposal to facilitate Bitcoin has encouraged a fresh discussion, reviving a long -term discussion of its smallest units. What did the crypto community say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
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