Bitcoin (BTC), Cryptocurrency, News

New US Senator Calls Bitcoin (BTC) a Good Store of Value

The US State of Wyoming’s new Senator Cynthia Lummis seems to be a supporter of Bitcoin (BTC), the world’s first-ever decentralized digital currency. In an interview, she has acknowledged the worth of Bitcoin as a good store of value. Lummis claimed that she is likely going to take Bitcoin into “the national conversation”.

Recently, Cynthia Lummis appeared in a live interview with ABC and presented her views on Bitcoin. She said that she has always been looking for a better store of value while formerly serving as a state treasurer. And Bitcoin (BTC), she said, fits into the criteria for a good store of value.

“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.”

Furthermore, she talked about the inflation of the United States’ native fiat currency US Dollar (USD) and Bitcoin (BTC). She is of the view that the primary digital asset does not inflate while their official currency USD inflates on the other hand. Bitcoin’s total circulating supply that will be mined is only 21 million. That is why Lummis said she is confident about the fact that Bitcoin is going to prove as a crucial player in stores of value in the future.

These remarks by Cynthia Lummis in the support of Bitcoin came when one of the co-anchors of the Good Morning America TV show told her that some people in the country have some concerns regarding the first Bitcoin holder being elected into the Senate of the United States.

For those who don’t know, Cynthia Lummis is the holder of Bitcoin since the year 2013 when she bought her first BTC. She has been holding Bitcoin since that time. In an interview with CoinDesk, she revealed that she has never sold out Bitcoin after that. “I was and am a buyer,” she added.

Lummis has been serving as the state treasurer for the state of Wyoming for around eight years in the past. Firstly, her son-in-law Will Cole introduced her to Bitcoin.

Leave a Reply

Your email address will not be published. Required fields are marked *