{"id":7254,"date":"2022-09-02T02:30:00","date_gmt":"2022-09-02T02:30:00","guid":{"rendered":"http:\/\/ci02aa39d7200026ce"},"modified":"2025-10-01T12:14:30","modified_gmt":"2025-10-01T17:14:30","slug":"elizabeth-warren-ironic-war-on-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/elizabeth-warren-ironic-war-on-bitcoin","title":{"rendered":"The Irony Of Elizabeth Warren\u2019s War On Bitcoin"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><em>This is a transcribed excerpt of the \u201cBitcoin Magazine Podcast,\u201d hosted by P and Q. In this episode, the hosts are joined by Margo Paez, a climate change physicist and fellow at the Bitcoin Policy Institute who advocates for Bitcoin from a progressive mindset.<\/em><\/p>\n<div class=\"youtube-embed\" data-video_id=\"CKwqxTUBcNI\"><iframe loading=\"lazy\" title=\"Climate Scientist Loves Bitcoin w\/ Margot Paez\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/CKwqxTUBcNI?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><strong><a href=\"https:\/\/youtu.be\/CKwqxTUBcNI\" target=\"_blank\" rel=\"noopener\">Watch This Episode On YouTube<\/a>&nbsp;or&nbsp;<\/strong><strong><a href=\"https:\/\/rumble.com\/v1i5996-bitcoin-and-liberal-politics-w-margot-paez.html\" target=\"_blank\" rel=\"noopener\">Rumble<\/a><\/strong><\/p>\n<p><strong>Listen To The Episode Here:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/fountain.fm\/episode\/9862121944\" target=\"_blank\" rel=\"noopener\"><strong>Fountain<\/strong><\/a><\/li>\n<li><strong><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/bitcoin-and-progressive-politics-w-margot-paez\/id1459884105?i=1000577947487\" target=\"_blank\" rel=\"noopener\">Apple<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/open.spotify.com\/episode\/5GztB2AmoigOs3X6gMX7X7\" target=\"_blank\" rel=\"noopener\">Spotify<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly9iaXRjb2lubWFnYXppbmUubGlic3luLmNvbS9yc3M\/episode\/MTU1NWRjMzctNzgzNC00MDgxLTkyNWUtNjY4Njg4Nzc5YTA5?sa=X&amp;ved=0CAUQkfYCahcKEwjQva7e-vP5AhUAAAAAHQAAAAAQAQ\" target=\"_blank\" rel=\"noopener\">Google<\/a><\/strong><\/li>\n<li><strong>Libsyn<\/strong><\/li>\n<\/ul>\n<p><strong>Q:<\/strong> I just want to give you the opportunity to speak directly to Elizabeth Warren\u2026 Say exactly what you hope to say to her to\u2026 change her mind [on Bitcoin].<\/p>\n<p><strong>Margot Paez:<\/strong> Elizabeth Warren really doesn&#8217;t understand Bitcoin, that&#8217;s for sure. I find it really ironic that Elizabeth Warren used to be a champion of the people against the banking system, against Wells Fargo, against Chase, against HSBC, against all of these companies that took advantage of people during the financial crisis.<\/p>\n<p>And she used to be an advocate. And in fact, I&#8217;ve heard her even over the pandemic, she was really critical of the amount of banking fees that were being put on people during the pandemic. And she was right&#8230;Why are you charging people all these fees just to hold their money in your bank account when they, again, have no choice but to put it in your bank account, right?<\/p>\n<p>Again, it&#8217;s another one of those oligopoly situations where you don&#8217;t have the freedom of choice in terms of banking.<\/p>\n<p>So, I would challenge her to think like, what really is the solution that you want? How do you really wanna solve this problem? Because there is an existing solution, it&#8217;s called Bitcoin, and it&#8217;s one where people can actually exit the existing banking system, take custody of their own money and not worry about fees, not worry about banks taking advantage of them because it\u2019s their money and they\u2019re managing it themselves or they\u2019re managing it in their community\u2026<\/p>\n<p>You want community banks? You can have a community bank with Bitcoin\u2026 These are the solutions that I thought Elizabeth Warren wanted [but] it seems that she doesn\u2019t really want to help people\u2026<\/p>\n<p>Ultimately \u2026 Bitcoin is a lifeboat. And what\u2019s wrong with people having a lifeboat?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elizabeth Warren can\u2019t see that Bitcoin is a lifeboat from the predatory banking practices she advocates against.<\/p>\n","protected":false},"author":2520,"featured_media":6661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[587,63,1216,122],"class_list":{"0":"post-7254","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-banking","9":"tag-elizabeth-warren","10":"tag-podcast","11":"tag-politics"},"author_data":{"id":2520,"name":"Bitcoin Magazine","nicename":"bitcoin-magazine","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/bitcoin-magazine-logo.jpeg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/bitcoin-magazine-irs-sam.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/7254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2520"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=7254"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/7254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/6661"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=7254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=7254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=7254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}