US Senator Cynthia Lummis wants the dollar to remain a world reserve currency, but believes that bitcoin (BTC) is playing a positive role as a store of value asset. The 66 year old Senator from Wyoming is actually 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 says the US government is actually promoting bitcoin - by accident. Citing how big spending, and printing money leads to inflation. The fear of that inflation acts as 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 been 'a good store of value'...
Lummis said that she believes in bitcoin as a store of value asset, offering protection against fiat cash inflation. For this reason any laws passed in the US regarding crypto should continue to allow people access to digital currencies. Regulations should also be clear and offer 'solid definitions' since regulators have been inconsistant and unpredictable with their enforcement.
Miners Welcome...
Lummis also invited miners recently shut down in China to settle in the United States, specifically places like Pennsylvania, Texas, Wyoming, and elsewhere.
Author: Fernando Perez
Latin America Newsdesk Via Breaking Crypto News LIVE: Realtime Feed For Bitcoin News and The Latest Cryptocurrency Prices... https://ift.tt/2Bf4SKE
