An Australian senator sparked community criticism for stating that 'Bitcoin cannot be eaten.'

According to reports, Australian Senator Gerard Rennick faced criticism from the Bitcoin community on the X platform for calling Bitcoin a Ponzi scheme and questioning its value (because it 'cannot be eaten'). He added that Bitcoin 'absolutely produces nothing' and that Australia 'needs real engineers, not financial engineers.' The Australian Bitcoin Industry Association (ABIB) stated that Rennick's comments about 'Bitcoin' 'reveal a profound misunderstanding of Bitcoin.' 'Unchained' podcast host Laura Shin said, 'You can't eat the internet either, so do you oppose the internet?' Bitcoin Marathon team leader Jimmy Kostro remarked, 'This will definitely stand the test of time. Please share your deeper and more nuanced understanding of Bitcoin so we can understand it better.'