Senator Cynthia Lummis- “Bitcoin is Going to be an Important Player for a Long Time To Come”
It’s great to see more pro-Bitcoin people getting seats in office! As time goes by, all are going to have to bend the knee and accept Bitcoin as the King of Currency
US Senator Cynthia Lummis: Bitcoin is Going to be an Important Player for a Long Time To Come
“In an interview for the TV show “Good Morning America,” Lummis spoke about Bitcoin’s advantages and its appeal as a store of value, something she learned during her role as Wyoming’s State Treasurer.
‘I do hope to bring bitcoin into the national conversation. I’m a former state treasurer, and I invested our state’s permanent funds. So I was always looking for a good store of value, and bitcoin fits that bill.’
The senator discussed how Bitcoin’s scarcity provides a competitive advantage over the inflationary U.S. dollar. Lummis said this was one reason she decided to invest in Bitcoin as the best storage value mechanism.
Lumis explained that there will only be 21 million Bitcoins with no further emissions. She believes that such resistance to manipulation will be a significant component of the geopolitical debate in the future.
‘Our own currency inflates; bitcoin does not. 21 million bitcoin will be mined, and that’s it. It’s a finite supply, so I have confidence that this is going to be an important player in stores of value for a long time to come.'”