‘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 topic of bitcoin on social media platform X, previously often called Twitter. He poignantly noticed, “If you need to perceive how useful bitcoin actually is, look how a lot our legislators hate it.” Previously, Lennon has shared insights concerning the main digital forex, highlighting that it gives him a way of hope amidst an “ocean of destruction.”

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

A flexible artist, Lennon, who can be part of The Claypool Lennon Delirium and the Plastic Ono Band, has beforehand expressed his views on bitcoin (BTC). In 2020, he described bitcoin as a device that “empowers people,” and shared that it introduced him “extra optimism” within the turbulent yr of 2020. In May 2021, he sharply criticized those that, pushed by at this time’s accelerated consumerism, have been voicing complaints concerning the electrical energy consumption of the Bitcoin community.

On Dec. 21, 2023, Lennon introduced up bitcoin as soon as once more and said:

If you need to perceive how useful bitcoin actually is, look how a lot our legislators hate it. Look how a lot Mr. Dimon hates it. Look at Warren. Its worth is inversely proportional to how threatened they really feel. That’s all you might want to know.

Lennon’s feedback got here after remarks from JPMorgan chief Jamie Dimon and U.S. Senator Elizabeth Warren about bitcoin. Dimon has expressed a hypothetical situation of shutting down cryptocurrencies if he have been accountable for the federal government, whereas Warren has been actively challenging the crypto sector since early 2023. She not too long ago introduced a bipartisan invoice aimed toward regulating cryptocurrencies beneath current banking legal guidelines.

After Lennon’s publish on X, a person commented, suggesting that authorities may “regulate it into devaluation.” Lennon rapidly retorted, “They’re making an attempt.” 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 just a few on the expense of many. They doubted its sustainability, requesting authenticity with the phrase, “Gimme some fact.”

Lennon didn’t hesitate to respond to this critique as effectively, asserting, “Sorry however you have got zero understanding of what you’re speaking about.”

Do you agree with Sean Ono Lennon’s views about bitcoin? Let us know within the feedback part under.