Cory Bernardi – a controversial figure the Sydney Morning Herald referred to as the “Australian Donald Trump” – talked about Bitcoin in tweets challenging the results of the US presidential election.
In a tweet of 11 November, Bernardi declared had become a convert to Bitcoin (BTC) “in the past two years” and saw the demand for cryptocurrency “strengthen”. He cited the point of view of Bitcoin bull Anthony Pompliano as “on the ball” regarding Bitcoin.
“My conclusion is that it’s the millennials version of gold,” said Bernardi. “I continue to see the associated risks, but they are basically the same as other asset classes: leg, trust and demand.”
It becomes converted to Bitcoin in the past two years. My conclusion is that it is the golden version of millennials. They continue to see the associated risks, but they are basically the same as other asset classes – leg, confidence and demand. Watch the growing demand. @APompliano is on the BTC re ball.
– Cory Bernardi (@corybernardi) November 10, 2020
Bernardi was a Senator for South Australia from 2006 to 2020 and is known for his highly conservative and reactionary views. He has spoken out against women serving in the military and campaigned on burning political issues around Islam, the burqa and terrorism. After Bernardi left the government, he created a website that includes financial advice.
Despite Bernardi’s controversial views, the founder of crypto education site Nuggets News, Alex Saunders, said the comments are a continuation of a change when it comes to high-profile figures talking about crypto.
“A couple of years ago [talking positively about Bitcoin and crypto] it was taboo, “Saunders told Cointelegraph.” You had an occupational risk, people were worried about volatility. They thought it was only used for nefarious purposes. “
“I think we have passed that point now. The genius came out of the bottle. People understand this, whether it’s Paul Tudor Jones, Stan Druckenmiller, even Warren Buffett talking about gold. Times are changing […] How we think about money and how people save is questioned. “
Saunders said the Reserve Bank of Australia’s recent announcement of a $ 100 billion quantitative easing program (AKA “money printing) was a potential reason why investors from more traditional financial backgrounds might turn to cryptocurrency.