Through a speech, Cynthia Lummis fully supported bitcoin and explained why we need bitcoin, which is not issued by any government authorities or any central bank.
In the present time, most of the countries’ citizens are getting better Vibes to have bitcoin in the internet world. And all it is because the government authorities of the United States are supported directly and indirectly through the approval of Bitcoin based products at high level.
On Thursday, Senate Cynthia Lummis gave a speech to the senates over bitcoin that is why we need it. And described Bitcoin as a blessing of God.
Cynthia claimed that Bitcoin can help the counties under the situation of economic crisis, under the situation when governments will run out of the cash.
Cynthia also explained why she is interested in bitcoin which is a non-fiat and decentralized asset. According to Cynthia, Bitcoin is not related with any government, politicians, Central bank and also with any debt of the government. So under any critical situation, Bitcoin will play its best role to support the country in a crisis situation.
Cynthia also asserted that Bitcoin is not holding by any of the government or any political election, so it will remain there and will grow without any outside impact and further added
“Time and again, presidents of both parties have run up the debt irresponsibly, with no plan to address it. So thank God for Bitcoin, and another non-fiat currency that transcends the irresponsibility of governments, including our own.”
The statement of Cynthia Lummis is getting better support because right now a situation is arising where US authorities are temporarily changing the debt of other countries by $480 billion from the current national debt of $28.4 trillion.