Australia senator sparked controversy over remarks that "Bitcoin cannot be eaten"
Internet reports that Australia Senator Gerard Rennick made critical remarks about Bitcoin on platform X, calling Bitcoin a "Ponzi scheme" and questioning the value of Bitcoin because it "cannot be eaten." This comment triggered a strong response from the Bitcoin community. The Australia Bitcoin Industry Group (ABIB) said Rennick's remarks showed a profound misunderstanding of Bitcoin, which could lead to wrong policy formulation. In addition, many Bitcoin supporters have also defended the value and practicality of Bitcoin, pointing out the importance of Bitcoin as a digital asset and value storage tool.
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