Senator: Buy, Hold, Save Bitcoin For Retirement While Congress “Drowns” In Dollars

U.S. Senator Cynthia Lummis has encouraged people to buy and hold bitcoin in their portfolio.

Cynthia Lummis – US Senator

US Senator Urges People To Invest In Bitcoin For Retirement

US Senator Cynthia Lummis spoke about Bitcoin in a meeting interview at the CNBC Financial Advisor Summit on Tuesday June 29th. In response to a question about the ideal future of cryptocurrencies, the pro-Bitcoin senator described:

“I would like cryptocurrencies like Bitcoin to become part of a diversified asset allocation that is used in retirement and other ways for people to save for the future.”

Lummis doesn’t just want pension funds to invest in “bitcoins and other cryptocurrencies – good stores of value,” said the Wyoming senator in order to meet the barriers of anti-money laundering and banking secrecy law. “

Senator Lummis added:

“Personally, I see Bitcoin as a great store of value. I buy bitcoin and hold bitcoin. “

When asked how many bitcoins she has, Lummis replied, “I think I only have 5 bitcoins.” She bought her first bitcoin for $ 330.

Lummis said she doesn’t invest in any cryptocurrency other than bitcoin.

“The only thing I really understand is Bitcoin. That is not to say that Ethereum has no advantages at the moment. “

Lummis said he does not currently see Bitcoin “as a medium of exchange”:

“I want to buy and hold. I encourage everyone to buy and keep. I encourage you to save Bitcoin for retirement and for your future. “

Lummis explains why: “With Congress spending trillions of dollars, our economy and the world economy are drowning in US dollars, there is no other way but to reduce the value of the US dollar. So our retirement in US dollars makes me very nervous. “

Lummis stressed that everyone should have a diversified portfolio, saying that “one of the best long-term stores of value is Bitcoin”.

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According to News.Bitcoin

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