Bitcoin Important For Long Time: US Senator Cynthia Lummis

256

Cynthia Lummis is a Bitcoin hodler since 2013 and she is determined to put crypto at the forefront of the US political debate.

Americans have just elected Cynthia Lummis (R) as their first female pro bitcoin senator, and she seems ready to make history.

Lummis (R) became senator-elect from the state of Wyoming after beating the democrat candidate Mike Enzi. She has a long and well-known career in politics, but few know about her proud past as a Bitcoin hodler.

And Lummis’ story doesn’t seem to be stuck in the past. The new senator is willing to give a better future to the Bitcoin ecosystem by putting the debate about the benefits of Bitcoin adoption on the U.S. political agenda.

In an interview for the TV show “Good Morning America,” Lummis spoke about Bitcoin’s advantages and its appeal as a store of value, something she learned during her role as Wyoming’s State Treasurer.

The senator discussed how Bitcoin’s scarcity provides a competitive advantage over the inflationary U.S. dollar. Lummis said this was one reason she decided to invest in Bitcoin as the best storage value mechanism.

Lumis explained that there will only be 21 million Bitcoins with no further emissions. She believes that such resistance to manipulation will be a significant component of the geopolitical debate in the future.

Cynthia Lummis had already expressed her preference for Bitcoin. During her candidacy, she revealed that she bought her first Bitcoin in 2013 after learning about its characteristics.

She said that since then, Bitcoin has been a part of her investment portfolio, which she compares to gold as a means of “preserving the relative value” of her labor over time.

During her campaign, Lummis issued continuous warnings regarding the government’s inflationary policy, especially during the coronavirus pandemic. She has spoken about the need to create economic solutions that do not reduce the dollar’s purchasing power.