US Senator Cynthia Lummis to Educate Congress about Bitcoin as a ‘Great Store of Value’
Long term Bitcoin holder Senator Cynthia Lummis has revealed that she will give priority to explain her colleagues in Congress about Bitcoin as “a great store of value.”
Republican candidate Cynthia Lummis won a U.S. Senate seat representing Wyoming filling the seat of Senator Mike Enze (R). Lummis. Senator Lummis will become the first woman to represent Wyoming in the U.S. Senate.
During the third annual Wyoming Blockchain Stampede, Lummis revealed that she is a long-term Bitcoin holder. She has learned about the subject of cryptocurrencies while she was serving in Congress.
“I bought my first bitcoin in 2013 because I believe in the economic power of scarcity and the potential for bitcoin to address some of the manipulations in our financial system,” Lummis explained.
“Now I am a hodler and I hodl because, like gold, I want to preserve the relative value of my labor over time,” she revealed.
“I was struck by how innovative bitcoin is with its decentralized public ledger and a fixed supply.”
During an interview with Fox News on Tuesday, she was asked about her plans for the future.
“What do you plan on doing? What are your top priorities?”
Lummis elaborated on her plans “to work on several issues, including matters to try to reduce our [national] debt and our deficit.”
Senator Cynthia Lummis further explained:
“I also plan to explain to my colleagues about bitcoin. I know there isn’t much known about bitcoin especially in Congress. So I want to make sure everybody understands that this is a great store of value.”
“It’s something that Americans can use to diversify their assets and to make sure that they have assets that don’t have inflation built into them the way the U.S. dollar does,” she explained.
What are your thoughts on Senator Cynthia Lummis ‘ approach to educating Congress about Bitcoin? Leave your comments in the comments section below.
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