Elizabeth Warren's obsession with crypto continues: "Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans’ retirement savings" Now she is FUDding about Fideli

She seems to be trying the throw everything at the wall and see what sticks approach this time.

Called it a gamble —

“Investing in cryptocurrencies is a risky and speculative gamble, and we are concerned that Fidelity would take these risks with millions of Americans’ retirement savings,”

Claimed that Elon single handedly pumped BTC by 8% —

“Bitcoin’s volatility is compounded by its susceptibility to the whims of just a handful of influencers. Elon Musk’s tweets alone have led to Bitcoin value fluctuations as high as 8%."

Call BTC dangerously centralized —

"The high concentration of Bitcoin ownership and mining exacerbates these volatility risks. One study estimates that just 10% of Bitcoin miners are responsible for processing 90% of Bitcoin transactions and that 1,000 individuals control 3 million Bitcoins – about 15% of the current Bitcoin supply.”

All this was written as part of a letter by Warren (and senator Tina Smith) to Fidelity's CEO. The senators gave Fidelity until May 18 to answer questions regarding risks related to cryptocurrency and whether this offering posed a conflict of interest.