Twitter CEO Jack Dorsey Elizabeth Warren just hours after she trashed Bitcoin during a June 9 Senate hearing that was focused on central bank digital currencies.
In her opening remarks, the Massachusetts senator described the largest cryptocurrency as 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.
One bitcoin transaction uses the same amount of electricity as the typical household uses in a month.
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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.
InkByte Editorial Team
Dan Burgin
