Senator Cynthia Lummis Defends Bitcoin Again, Says it “Cannot be Stopped”
Godfrey Benjamin Sep 30, 2022 03:45
In an interview with Hard Money host, Natalie Brunell, Senator Lummis boldly affirmed that Bitcoin “can’t be stopped”.
The advocacy for Bitcoin took a new bullish dimension when Senator Cynthia Lummis reiterated her trust in the asset class as a viable asset class.
In an interview with Hard Money host, Natalie Brunell, Senator Lummis boldly affirmed that Bitcoin “Can’t be stopped” after the host pointed out how a lot of people still do not understand crypto as a “Powerful Tool” that can change lives.
“I love that it can’t be stopped, especially because I’m concerned about our national debt, I’m concerned about inflation… We see things that are inflationary… It’s actually comforting to know that Bitcoin is there,” the senator said.
In the American Senate chamber today, Senator Lummis is far ahead of the curve in being awakened to the potential of digital currency. Her advocacy is firsthand as she acquired her first Bitcoin back in 2013 at a price of $320. With her Bitcoin growing to almost $70,000 in November 2021, she was more convinced that the nascent asset is worth a hedge against inflation.
As a lawmaker, Sen Lummis confirmed that she has not sold any of her Bitcoin stashes and even acquired more last year. As she noted, one of her focuses now is to join the education of other lawmakers to see how the new asset works.
“As people learn more about Bitcoin and become comfortable and familiar with an asset that is online, they’ll begin to see it as … behind them, and they’ll have it for their long-term savings and long-term future.”
Her advocacy for Bitcoin and the broader crypto world made her the brain behind the bipartisan compromise that was contained in the crypto clause in the Infrastructure Bill that was passed last year. Her latest public comments about Bitcoin show she still believes the cryptocurrency is a freedom-friendly type of currency.
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