Senator Cynthia Says I’m All In On Bitcoin

In an interview, at a conference on Bitcoin in Miami, Cynthia Lummis said she was all on Bitcoin.

Cynthia Lummis is the first woman to be elected as a Wyoming senator. 

According to Cynthia Lummis, Bitcoin is a great way to combat inflation.

Inflation Rate Of Dollar

As all of us know very well that this is only the Dollar which is a world famous fiat currency and it’s value always remains top in comparison with other country’s currencies.

But in recent years the inflation in Dollar sits at about 2%. 

So According to Cynthia Lummis, we should go with an alternative option to save the worth of our assets. 

And according to her, it is better to have bitcoin-like assets.

Since fluctuation of bitcoin-like assets are highly volatile but at the end they are better to choose. 

And Bitcoin is not subjected to inflation by design. 

Only one thing which is not a good thing with Bitcoin or similar Cryptocurrency is manipulation. Manipulation is the biggest problem of cryptocurrencies in the present.

But overall Lummis believes that Bitcoin is the best source to maintain the value of assets.

Financial Innovation Caucus

According to Lummis Bitcoin is a mode of payment option between two parties without boundation and it is a Biggest innovation for this whole world.

Further is also considered that factor where she said that she will check at those points where Bitcoin is responsible for the devaluation of fiat system.

In its six month tenure, Lummis has always been Bitcoin friendly.

So to support and analyse Bitcoin in every possible aspect, she announced the launch of the Financial Innovation Caucus. 

Lummis believes that their co-founded company will help to make financial markets inclusive, safe, and prosperous for Americans at great level.

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