Senator's controversial comment 'You can't eat Bitcoin' sparks debate as cryptocurrency reaches new all-time high of $111,970, highlighting tensions between traditional politicians and crypto advocates.
Australian Senator Gerard Rennick faced renewed criticism after dismissing Bitcoin's value when it reached $111,970, stating 'You can't eat Bitcoin.' The Senator's comments drew immediate backlash from the crypto community and the Australian Bitcoin Industry Body, particularly as Australia works to establish cryptocurrency regulations.