Cynthia Lummis is a newly elected senator from the state of Wyoming, and she holds a very positive opinion about Bitcoin. The primary cryptocurrency has remained in her portfolio since 2013 as she considers it a perfect store of value.
Pro Bitcoin Senator
She has been serving in politics for many years, but few people know that she is a pro-Bitcoin and supports it as a good store of value. She is determined to put Bitcoin in the mainstream debate in US politics. She also served as state treasurer of Wyoming, and in her recent interview in a TV program “Good Morning America,” she talked about the benefits of the world’s leading digital asset and its nature as a store of value. She said:
“I do hope to bring bitcoin into the national conversation. So I was always looking for a good store of value, and bitcoin fits that bill.”
The US dollar is vulnerable to inflation as the Fed can print money as much as it wants. While Bitcoin has an edge over it due to its limited supply of 21 million, which makes it a charming instrument for a store of value. “Our own currency inflates; bitcoin does not. 21 million bitcoin will be mined,” she added.
BTC Hodler since 2013
During her campaign as a candidate for senator, she unveiled her support for Bitcoin. She invested in Bitcoin for the first time in 2013, and since then, it is the part of her investment portfolio. In the past, she also criticized the inflation policy of the government many times and voiced for solutions that are needed to maintain the purchasing power of the US dollar.
The presence of pro-Bitcoin members in the Senate can benefit Bitcoin and its coming future. The perception of Bitcoin as internet money is now transferred to an entity as a powerful store of value. During the time of the Coronavirus pandemic, it has performed even better than most of the traditional instruments, such as commodities.