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