bitcoin

‘If You Want to Understand Bitcoin’s Value, Look at Politicians’ Hate Toward It,’ Says Sean Ono Lennon 



‘If You Want to Understand Bitcoin's Value, Look at Politicians' Hate Toward It,' Says Sean Ono Lennon 

Sean Ono Lennon, the acclaimed American-British musician and son of Beatles icon John Lennon, revisited the subject of bitcoin on social media platform X, formerly known as Twitter. He poignantly observed, “If you want to understand how valuable bitcoin truly is, look how much our politicians hate it.” Previously, Lennon has shared insights about the leading digital currency, highlighting that it offers him a sense of hope amidst an “ocean of destruction.”

Sean Ono Lennon Speaks Out on Bitcoin’s Value Amidst Political Pushback

A versatile artist, Lennon, who is also a part of The Claypool Lennon Delirium and the Plastic Ono Band, has previously expressed his views on bitcoin (BTC). In 2020, he described bitcoin as a tool that “empowers individuals,” and shared that it brought him “more optimism” in the turbulent year of 2020. In May 2021, he sharply criticized those who, driven by today’s accelerated consumerism, were voicing complaints about the electricity consumption of the Bitcoin network.

On Dec. 21, 2023, Lennon brought up bitcoin once again and said:

If you want to understand how valuable bitcoin truly is, look how much our politicians hate it. Look how much Mr. Dimon hates it. Look at Warren. Its value is inversely proportional to how threatened they feel. That’s all you need to know.

Lennon’s comments came after remarks from JPMorgan chief Jamie Dimon and U.S. Senator Elizabeth Warren about bitcoin. Dimon has expressed a hypothetical scenario of shutting down cryptocurrencies if he were in charge of the government, while Warren has been actively challenging the crypto sector since early 2023. She recently introduced a bipartisan bill aimed at regulating cryptocurrencies under existing banking laws.

Readers Also Like:  US spot Ethereum ETFs see largest daily outflows since July

After Lennon’s post on X, a user commented, suggesting that authorities could “regulate it into devaluation.” Lennon quickly retorted, “They’re trying.” Another participant on X referenced Lennon’s father, critiquing bitcoin as antithetical to John Lennon’s values and dismissing it as a fleeting, hyped phenomenon benefiting only a few at the expense of many. They doubted its sustainability, requesting authenticity with the phrase, “Gimme some truth.”

Lennon didn’t hesitate to respond to this critique as well, asserting, “Sorry but you have zero understanding of what you’re talking about.”

Do you agree with Sean Ono Lennon’s views about bitcoin? Let us know in the comments section below.



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.