The Reserve Bank of Australia has no official position on bitcoin.
Yet, the RBA has numerous papers that involve and reference it, and its representatives publicly speaks to its characteristics.
This has to change.
It is important we address false and misleading statements.
Bitcoin is not unsecured credit.
It is not a promise to repay.
it is bearer instrument.
It is best understood as a commodity, valued for both its monetary & technological properties.
It is hard money.
.@SenatorRennick, as a public representative, you have a duty to engage with the concerns of Australians in an intellectually honest way—not to dismiss them from a place of confusion or authority.
Your comments about Bitcoin reveal a deep misunderstanding. No, you don’t
💥 We’re renewing calls for Australia to HODL bitcoin.
🚨 In May, 2023, we called for Australia’s Reserve Bank of Australia to HODL bitcoin by diversifying the nation’s assets, with a 2% allocation to bitcoin.
🏦 Australia held $88.8 billion AUD in Official Reserve Assets in
💥 Libertarian Party Announces Bitcoin Policy at BitcoinAlive 2025 💥
Yesterday at BitcoinAlive, the Libertarian Party of Australia formally announced its Bitcoin Policy Whitepaper, outlining a vision for integrating Bitcoin into Australia’s financial and regulatory landscape.
It should not take getting national coverage for this to be addressed.
Apologies aren’t what we are after.
We want solid solutions that actually address the problem.
Until then, we will keep trying to keep the fire doors open.