From Cointelegraph

May 25, 2025 2:00 AM:

Australian Senator Gerard Rennick faced backlash from the Bitcoin community after calling Bitcoin a Ponzi scheme and questioning its value since it can’t be consumed. Rennick predicts Bitcoin will hit $1 million but criticizes its lack of tangible production. Bitcoin supporters quickly responded, highlighting the importance of understanding the asset. This incident mirrors previous instances of Bitcoin backlash from public figures.

Read more at Cointelegraph: Bitcoiners fire back at Aussie senator’s ‘you can’t eat Bitcoin’ remark