Bitcoiners fire back at Aussie senator's 'you can't eat Bitcoin' remark

Australian Senator Gerard Rennick has drawn criticism from the Bitcoin community following his remarks referring to Bitcoin as a Ponzi scheme and questioning the asset’s value because it isn’t digestible. “You can’t eat Bitcoin,” Rennick said in a May 23 X post, responding to an X user who questioned his stance after Bitcoin hit a new all-time high of $111,970 on May 22. Rennick says Bitcoin will go to $1 million but is a “Ponzi Scheme”“Bitcoin will ultimately go to $1 million dollars. Why because it’s a Ponzi scheme whereby BlackRock will pump more and more dollars into a supply constrained product,” Rennick said source: https://cointelegraph.com/news/bitcoin-community-controversy-australian-senator-gerard-rennick-bitcoin-comments?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound