$104,330.00
0.31%$2,504.44
0.95%$2.17
1.04%$640.86
0.16%$144.02
-0.51%$0.999779
-0.00%$0.273648
1.29%$0.1693
1.57%$2,508.06
1.13%$0.593012
0.04%$104,193.00
0.18%$36.41
-5.36%$3,015.14
1.04%$487.03
6.17%$2.82
1.03%$13.04
2.06%$8.99
-2.00%$0.249095
0.22%$17.76
-2.54%$2.94
1.54%$49.35
0.80%$0.999848
0.00%$0.00001152
-0.11%$2,501.89
0.73%$2,678.62
0.83%$84.81
0.54%$0.999353
-0.04%$0.145954
-0.01%$315.03
-1.65%$1.00
0.14%$3.52
-2.07%$4.25
0.32%$104,247.00
0.27%$7.58
1.88%$0.00001026
2.16%$0.533337
0.24%$252.09
-2.03%$1.18
0.02%$52.87
10.51%$348.06
1.02%$1.00
0.00%$0.091038
-1.84%$4.36
0.44%$5.01
-0.44%$2.17
1.80%$174.41
-0.14%$1.056
0.01%$16.51
1.73%$0.765885
3.03%$29.22
-0.51%$0.999396
-0.06%$0.632135
8.79%$15.62
3.37%$4.40
-0.42%$9.27
0.64%$0.069836
-1.47%$0.02139869
0.25%$3.99
0.82%$104,034.00
-0.05%$0.678573
4.82%$0.282735
3.00%$0.081008
-0.19%$0.186302
0.65%$3.18
0.67%$2.34
-0.32%$0.999899
0.21%$0.930772
3.13%$2,501.97
0.73%$0.99836
-0.06%$4.35
-0.12%$0.299487
1.22%$0.999664
-0.03%$0.168788
1.22%$98.09
-1.89%$11.04
-0.14%$151.99
-0.67%$1.33
-1.81%$1.21
0.15%$0.01761257
1.10%$0.4023
2.54%$2,848.08
0.71%$2,619.78
0.66%$1.63
-2.04%$11.30
4.60%$1.67
1.89%$0.00001402
1.59%$0.187507
11.51%$1.027
-9.33%$0.999875
0.01%$0.174201
7.79%$0.319508
-0.14%$0.9999
-0.12%$0.561705
2.60%$0.999472
-0.02%$0.610872
0.89%$0.057433
-0.84%$2,657.27
0.08%$2,623.77
0.67%$0.01431042
0.46%$103,942.00
0.32%$640.45
0.08%$3,392.83
-0.42%$104,230.00
0.19%$2,622.72
0.64%$3,376.72
-0.35%$0.082769
0.76%$105,292.00
0.79%$0.504058
-0.32%$0.581507
1.59%$1.11
0.03%$0.781858
0.81%$2.28
6.25%$0.404369
0.87%$0.891771
8.95%$160.96
-0.61%$2.53
-8.61%$111.48
0.01%$0.00007344
0.86%$2,697.19
0.73%$187.57
-0.58%$2.19
0.45%$0.767533
1.54%$0.674747
0.29%$0.999339
0.00%$41.39
1.05%$19.60
-0.37%$1.094
-0.13%$0.01417121
1.11%$0.00000063
1.77%$0.16235
0.63%$31.24
2.26%$3.76
2.28%$0.251684
-0.50%$0.997524
-0.04%$0.0125326
2.18%$103,701.00
0.13%$2.19
9.23%$0.431838
-0.73%$0.00928287
1.84%$1.00
0.03%$0.096618
-0.12%$0.529183
-0.22%$2,495.58
0.47%$104,227.00
0.34%$2,503.62
0.56%$0.540928
0.73%$0.341833
-0.18%$0.206014
0.15%$36.51
-5.15%$2,628.69
-0.52%$0.489747
-1.23%$2,677.24
0.81%$103,966.00
0.25%$0.628981
1.42%$2,502.75
0.41%$0.999048
0.38%$1.41
0.37%$8.47
-0.03%$0.251152
-0.36%$0.01365996
1.65%$50.22
1.28%$0.406359
-1.63%$0.060838
-0.54%$0.168539
1.06%$36.50
-5.78%$0.999703
-0.01%$2.33
4.71%$1.00
0.00%$0.999754
-0.00%$0.04232869
1.87%$0.00000042
1.39%$37.34
0.29%$1.091
0.01%$2,499.60
0.73%$0.999816
1.99%$1.32
-1.43%$1.38
-1.21%$0.503878
-0.72%$5.52
1.51%$0.384015
-2.15%$13.58
0.79%$1.001
0.02%$0.00001916
2.57%$2,655.58
0.57%$0.00406931
4.78%$0.111258
0.31%$0.314504
-0.91%$0.072489
0.99%$0.981141
2.03%$0.504972
0.18%$1.19
0.61%$0.369578
-4.33%$2.22
-0.94%$0.00622437
-1.59%$0.00412583
1.03%$2,757.65
1.15%$5.31
0.88%$0.01749421
0.84%$0.03482502
0.04%$1.39
4.65%$0.332823
-0.31%$0.00000086
0.97%$2,738.73
0.92%$0.159435
1.56%$0.03325723
1.85%$0.00330067
-0.12%$0.126177
-3.54%$104,243.00
0.39%$2,505.43
1.13%$0.128693
-0.81%$103,917.00
0.49%$19.51
0.28%$1.00
0.05%$0.998643
-0.05%$0.998907
-0.14%$0.0316856
-8.42%$0.00005707
-0.04%$157.63
-0.16%$0.00000149
-3.08%$0.462807
0.10%$1.12
0.09%$0.722595
-3.52%$0.999849
-0.01%$2,500.18
0.92%$0.00355492
0.36%$0.729221
2.68%$110.68
0.57%$0.063322
0.07%$0.997818
-1.02%$0.289674
0.35%$0.615648
2.32%$103,357.00
-0.51%$17.73
-2.23%$1.014
-0.35%$1.70
-0.06%$9.28
0.94%$0.0052457
1.30%$0.186573
0.73%$0.594909
1.43%$102,025.00
-0.01%$2,090.28
0.09%$0.186019
-0.62%$6.17
0.95%$102,578.00
0.82%$0.01650474
-4.92%$0.00359627
0.22%$0.413618
0.32%$19.63
0.54%Reading
Bitcoin (BTC) may be gaining momentum globally, but in Australia, it’s also attracting political ire.
On May 23, Senator Gerard Rennick dismissed Bitcoin as a “Ponzi scheme,” sparking immediate backlash from crypto industry groups and users alike.
“Bitcoin will ultimately go to a $1 million dollars. Why? Because it’s a Ponzi scheme whereby BlackRock will pump more and more dollars into a supply-constrained product,” Rennick tweeted in response to a user who sarcastically asked for his “special comments” on the topic.
“You can’t eat Bitcoin,” the Senator added.
Yes I do - Bitcoin will ultimately go to a $1 million dollars. Why because it’s a Ponzi scheme whereby Blackrock will pump more and more dollars into a supply constrained product.
What exactly will this product produce? Absolutely nothing and nor will the thousands of people…
— Senator Gerard Rennick (@SenatorRennick) May 23, 2025
The Queensland senator, who now leads the populist People First Party after leaving the Liberal National Party in 2024, went on to argue that Bitcoin and its traders contribute "absolutely nothing" in terms of real-world utility.
“Australia needs real engineers, not financial engineers,” he said. “We need infrastructure that’s [sic] delivers essential services particularly energy, water and transport.”
Bitcoiners and industry advocates fired back immediately to the Senator’s comments.
The Australian Bitcoin Industry Body (ABIB) dismissed Rennick’s remarks as “a deep misunderstanding,” warning that "misinformed" takes from public officials could lead to “bad policy.”
“This isn’t about whether Australians can use Bitcoin—we already do,” ABIB said in its response. “This is about whether our government is capable of understanding how Bitcoin can enrich the nation… The door is open for ongoing education. The question is: are you willing to walk through it?”
As the thread gained traction, the Senator brushed off criticism, saying “You’re disappointed about what a politician thinks about Bitcoin? Seriously? I thought you wanted less political interference. Why does it matter what I think? Invest as you will.”
Rennick’s remarks followed Bitcoin’s recent surge to an all-time high above $111,000 and came just two weeks after Andrew Charlton was named Assistant Minister for Science, Technology, and the Digital Economy by Prime Minister Anthony Albanese.
Australia has appointed Andrew Charlton as Assistant Minister for Science, Technology, and the Digital Economy, alongside his new role as Cabinet Secretary, as the government moves to cement its agenda on regulating digital assets and modernizing the tech sector. Prime Minister Anthony Albanese announced the appointment on Monday, saying Charlton’s economic credentials and international experience made him "exceptionally qualified" for the dual role. "His policy role will be to particularly work...
Charlton is expected to lead Australia’s digital asset reform push, including a licensing regime that would bring major exchanges under the Australian Financial Services Licence (AFSL) framework with draft legislation due later this year.
The government also plans to introduce safeguards against debanking and align the framework with global standards like the EU’s MiCA and Singapore’s Payment Services Act.
When most healthcare companies discuss digital transformation, they typically mean electronic medical records or telemedicine platforms. But for Prenetics Global Limited, a publicly-traded health sciences firm, going digital meant something entirely next level: a $20 million Bitcoin treasury strategy that adds its name to a growing list of companies adopting a Bitcoin acquisition strategy. The Nasdaq-listed genomics and digital health company disclosed Wednesday that it has acquired 187.42 BTC...
A startup has raised $6 million in a seed round to protect Bitcoin from quantum computing. Project 11, which focuses on quantum computing's hypothetical threat to the leading crypto network, announced the raise Thursday, which was co-led by Variant and Quantonation, and included participation from venture capital firms Castle Island Ventures, Nebular, and Formation. The firm said that quantum computing is a threat to Bitcoin so "every wallet, every account holder, every smart contract key—all...
Plasma is gearing up to launch its stablecoin-optimized blockchain on mainnet by “late summer,” the company’s CEO told Decrypt. Paul Faecks, founder and CEO of Plasma, said that the blockchain will support “the largest stablecoins,” at launch based on its internal data. “We are building a blockchain that is the best product for moving stablecoins from A to B,” Faecks added. "Everything around it has to be in service of being that. Otherwise, it's not worth doing for us.” At least 40 days before...
