Advertisement
AD

Main navigation

Twitter CEO Unfollows Senator Elizabeth Warren Following Her Anti-Bitcoin Rant

Advertisement
Thu, 10/06/2021 - 4:48
Twitter CEO Unfollows Senator Elizabeth Warren Following Her Anti-Bitcoin Rant
Cover image via commons.wikimedia.org
Read U.TODAY on
Google News

Twitter CEO Jack Dorsey has unfollowed Elizabeth Warren just hours after she trashed Bitcoin during a June 9 Senate hearing that was focused on central bank digital currencies.

Advertisement

In her opening remarks, the Massachusetts senator described the largest cryptocurrency as a “lousy investment” and “a haven for illegal activity.”  

Warren also called for a clampdown on “environmentally wasteful” Bitcoin mining, claiming that it’s a “disaster” for the planet.   

Related
SEC Chair Gary Gensler Says There Should Be Federal Regulatory Regime Around Crypto Exchanges

One bitcoin transaction uses the same amount of electricity as the typical household uses in a month.    

Speaking of Bitcoin's volatile prices wings, she said that it is "a terrible currency": 

These wild swings in value mean that Bitcoin is a terrible currency.   

In sharp contrast to Warren’s recent comments, Texas senator Ted Cruz recently said that Bitcoin has “a lot of potential.”

Dorsey, a long-time Bitcoin proponent, claimed that he would be willing to leave his companies to work on the largest cryptocurrency: 

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

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD