Our Currency Inflates, Bitcoin Does Not - Says US Senator

Our Currency Inflates, Bitcoin Does Not - Says US Senator

By Abhimanyu Krishnan | News | 17 Nov 2020

Wyoming senator-elect Cynthia Lummis, who will assume office in Jan. 2021, offered a lot of praise for Bitcoin in an interview on ABC’s Good Morning America segment on Nov. 14.

  • When asked about whether she wished to bring Bitcoin in national discussion, Lummis answered yes, and said that Bitcoin “fit the bill” as a store of value
  • She also said that the US dollar inflates, while Bitcoin does not with its fixed 21 million supply -- and that this would be “an important player for a long time to come”
  • Lummis also mentioned that she owned some Bitcoin herself, after being advised to do so by her son-in-law in 2013; she becomes the first US senator to own Bitcoin
  • One of the wealthiest members of congress, Lummis was previously the Wyoming State Treasurer and Member of the House of Representatives

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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