Senator Cynthia Lummis is excited to buy Bitcoin

U.S. Senator Cynthia Lummis, a Republican from Wyoming, took advantage of this week’s heavily discounted Bitcoin (BTC) price by adding to her holdings.

After another major price correction for the crypto asset, Lummis told Fox News on Wednesday that she is “happy to buy bitcoin”.

United States Senator, @CynthiaMLummis, “I really enjoy buying #bitcoin diving ” pic.twitter.com/OHXiA6vhxi

– Record Bitcoin (@DocumentingBTC) June 23, 2021

When asked about Bitcoin’s rapid drop in price, Lummis said:

“I’m very happy about it because as soon as it drops a little more, I’ll buy more.”

Lummis compared Bitcoin’s decline to the performance of one of her favorite stocks, United Rentals. “I bought it,” Lummis said of United Rentals, “and it fell like a stone. I’ve gotten to grips with it and, oh my god, it’s been great for me over the years, “she said, adding:

“I see Bitcoin doing the same because the fundamentals are good.”

Lummis is one of the strongest Bitcoin advocates in the U.S. Senate. Earlier this year, she launched the Financial Innovation Caucus to educate other lawmakers about Bitcoin and other cryptocurrencies. At the time, Lummis said she would work with the caucus to uncover false stories about cryptocurrencies, including their links to money laundering and other financial crimes.

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As Cointelegraph reported, Senator Lummis attended this year’s Bitcoin 2021 conference in Miami, where she discussed the importance of promoting crypto innovation. She was accompanied by Representative Warren Davidson, a Republican from Ohio, in a panel entitled “Bringing Bitcoin Innovation Home to America”.

After falling below $ 29,000 earlier this week, Bitcoin price appears to have found support above $ 30,000 again. At the time of writing, the digital coin is up 5.5% to $ 33,700.