Sean Ono Lennon: Politicians' Hatred Proves the Value of Bitcoin
An artist with multifaceted creative talent, Lennon, also a member of The Claypool Lennon Delirium and Plastic Ono Band, has repeatedly expressed his views on Bitcoin (BTC).
In 2020, he described Bitcoin as a tool that expands people's possibilities and brings optimism to the unstable year of 2020. In May 2021, Lennon sharply criticized those who spoke out about the excessive electricity consumption of the Bitcoin network.
"If you want to understand how valuable Bitcoin really is, look at how much our politicians hate it. Look at how much Mr. Dimon hates it. Look at Warren. Its value is inversely proportional to the threat they feel."
These statements prompted comments from JPMorgan CEO Jamie Dimon and US Senator Elizabeth Warren about Bitcoin. Dimon presented a hypothetical scenario of cryptocurrency prohibition if he were leading the government, while Warren has been trying to exert pressure on the crypto sector since the beginning of 2023.
Recently, an American politician introduced a bipartisan bill aimed at regulating cryptocurrencies in accordance with existing banking laws. As acknowledged by its co-author Roger Marshall, the document is written in the interests of banks.
One user, X, commented on Lennon's message, suggesting that authorities better regulate devaluation. Another follower considered Bitcoin contradictory to the values of John Lennon, his father, calling it a fleeting, advertised phenomenon that benefits only a few.