US Senator Says She’s HODLing Bitcoin, Says Reckless Gov Spending Is Bringing People To Crypto…

US Senator Cynthia Lummis needs the greenback to stay a world reserve forex, however believes that bitcoin (BTC) is enjoying a constructive position as a retailer of worth asset.  The 66 yr outdated Senator from Wyoming is definitely HODLing for retirement, saying:

“I own #bitcoin because it’s a great store of value. I save it, so when I retire, I know it’s there.“

Lummis additionally says the US authorities is definitely selling bitcoin – by chance.  Citing how large spending, and printing cash results in inflation, and it is that concern of that inflation acts as a promotion for Bitcoin.

“Big gov spenders are (accidentally) doing far more to accelerate the adoption of digital assets than I am. The debasement of our currency is causing a flight to digital assets like bitcoin that are a store of value.” she tweeted.

Says Bitcoin has carried out properly as ‘retailer of worth’…

Lummis stated that she believes in bitcoin as a retailer of worth asset, providing safety in opposition to fiat money inflation. For this purpose any legal guidelines handed within the US concerning crypto ought to proceed to permit folks entry to digital currencies.

Regulations also needs to be clear and supply ‘strong definitions‘ since a significant criticism is that regulators have been inconsistent and unpredictable with their enforcement to this point.

Miners Welcome…

Senator Lummis additionally invited miners lately shut down in China to relocate to the United States, particularly locations like Pennsylvania, Texas, Wyoming, and elsewhere.

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Author: Fernando Perez
Latin America Newsdesk

Source: https://btcupload.com/latest-cryptocurrency-news/us-senator-says-shes-hodling-bitcoin-says-reckless-gov-spending-is-bringing-people-to-crypto