Briefly
- Responding to the Sarcastic Inquiry on X, Australian Senator Gerard Rennick called the Bitcoin “Ponzija scheme” managed by property managers like Blakkrock.
- Critics, including the Australian Body of the Bitcoin Industry, said his comments were “wrongly informed” and could lead to harmful policy.
- The conflict followed as the Australian Labor Government prepares the cryptocurrency by legislation according to its post -election term.
Bitcoin (BTC) may be given globally, but in Australia it also attracts political Irea.
May 23, Senator Gerard Rennick rejected Bitcoin as a “ponzi scheme”, causing a direct reaction from the CRIPTO industrial groups and users.
“Bitcoin will ultimately go to a million dollars. Why? Because it’s Ponzi’s scheme that will put Blackkrock in more and more dollars into a product limited to supply,” Rennick twitter In response to a user who sarcastically ask For his “special comments” on the subject.
“You can’t eat bitcoin,” the senator added.
Senator Queensland, who now runs the first party of the populist people after leaving the liberal national party in 2024, continued to claim that Bitcoin And his traders contribute “absolutely nothing” in terms of usefulness in the real world.
“Australia needs real engineers, not financial engineers,” he said. “We need an infrastructure that is [sic] Provides basic services, especially energy, water and transportation. “
Bitcoiner and industry advocates immediately returned to the Senator Comments.
Australian Body of the Bitcoin Industry (Abib) released Rennic remarks as “deep misunderstanding”, warning that “disinfectant” takes from public officers can lead to “bad politics”.
“It’s not about whether the Australians can use Bitcoin – we have already done that,” Abib said in his response. “This is about whether our government can understand how Bitcoin can enrich the nation … The door is open to permanent education. The question is: are you ready to go through it?”
As the thread has gained attraction, the senator rejected criticismsaying, “You’re disappointed what a politician thinks of Bitcoin? Seriously? I thought you want less political interference. Why is it important what I mean? Invest how you want.”
Bitcoin and Australia
The Rennic remarks followed Recent Bitcoin rush More than $ 111,000, and only two weeks after Andrew Charlton was named Assistant Minister of Science, Technology and Digital Economics by Prime Minister Anthony Albanese.
Charlton is expected Run the Australian Digital Property Reformincluding licensing regime that would bring large stock markets within the Australian Financial Services (AFSL) with a draft legislation that should be later this year.
The Government also plans to introduce protective measures against the debinking and match the box with global standards such as the Mica and Singapore salaries in the EU salaries.
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