Massachusetts Democratic Senator Elizabeth Warren recently launched a political campaign against cryptocurrencies as she seeks her third term in office in 2024.NBC’s In a recent interview on “Meet the Press Reports” with Chuck Todd, Warren compared buying bitcoins to “buying air.” Despite his expressed distrust of banks, Warren told the show host that when it comes to central bank digital currencies (CBDCs), he believes “it’s time for us to move in that direction.”
Warren compares buying bitcoin to “buying air” and says it is time to move in the direction of CBDC
Massachusetts Democratic Senator Elizabeth Warren is a skeptic of cryptocurrencies such as Bitcoin (BTC), citing publicly the risks and negative environmental impacts associated with Bitcoin mining. In addition, Warren recently attributed the liquidation of Silvergate Bank to “crypto risk. “In a recent interview with Chuck Todd of Meet the Press Reports, Warren reiterated his distaste for bitcoin.” If you buy bitcoin, what are you buying? Are you buying air?” Senator Warren asked. She told Chuck Todd in an interview, “With bitcoin, there is no underlying asset to back it up, it is simply a matter of belief.” 
When Todd asked if bitcoin could be compared to a painting, she rejected the comparison, saying, “With a painting, you can physically possess it and throw darts.” Warren suggested that “instead of bitcoin, we should be discussing digital currency,” noting that digital currency is different from bitcoin because it is backed by the government. 
Warren has been a vocal opponent of the Federal Reserve’s recent interest rate hikes. In an interview with Todd, she expressed her belief that while the bank is not perfect, it is time for the government to move toward a central bank digital currency (CBDC). 
The Massachusetts politician also compared the digital world to the real estate crash of 2008.” Real estate always goes up. How many times have we been told, ‘Real estate always goes up, never down? ‘ It was said decades ago before the real estate bubble; it was said in the 2000s, before the crash of 2008,” Warren said. Warren believes that ultimately, the crypto industry will be subject to strict regulation. Despite Senator Warren’s anti-cryptocurrency stance, many Democrats have expressed frustration with her position on social media.
Many of the responses to her recent tweets about building an “anti-crypto army” have been negative, with individualsexpressing disappointmentwith Warren’s views.” Pro-Tyranny Corps – I guess I shouldn’t be surprised since you are personally profiting from the current corrupt system.” OnetoldSen. ‘The big banks really do own you, don’t they? It only took me two terms in the Senate. Start fighting for the people again, not the banks,” anothertweetedto Warren. What are your thoughts on Senator Warren’s anti-cryptocurrency stance and her call for a central bank digital currency? Do you agree or disagree with her views? Let us know your opinion in the comments below.
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