73-year-old US Senator Elizabeth Warren recently launched a re-election campaign that was critical of Bitcoin and cryptocurrencies. In an interview with Meet The Press, she criticized Bitcoin for being “backed by nothing” and advocated for a US central bank digital currency (CBDC) as a safer alternative.
The idea of a CBDC has been met with a strong backlash on social media. Many people feel that Senator Warren is pushing her own agenda and is not representing the will of her constituents. Others point out that a CBDC would remove the need for banks in many situations and could be a dystopian horror. There is also criticism about how Senator Warren has pretended to be a Native American for decades.
At the end of the day, cryptocurrencies are unstoppable, no matter who is in power. As long as there is a demand for them, they will continue to grow. The weekend may be over but the future of cryptocurrencies is still in the making.