Republican Senator-elect Cynthia Lummis is vouching for Bitcoin, saying that the number one cryptocurrency is a solid store of value.
In an interview on ABC News, the Wyoming Senator briefly explains what makes Bitcoin better than the US dollar.
“I do hope to bring Bitcoin into the national conversation. I’m a former state treasurer and I invested our state’s permanent funds. I was always looking for a good store of value and Bitcoin fits that bill.
Our own currency inflates. Bitcoin does not. 21 million Bitcoin will be mined and that’s it. It is 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.”
Lummis revealed during the third annual Wyoming Blockchain Stampede held virtually on September 26th that she bought her first Bitcoin in 2013 and has since seen potential in the crypto asset as an