US Senator from Wyoming, Cynthia Lummis, has called Bitcoin once again a solid store of value that is attracting the attention of major investors in the market.
The US senator is talking about BTC
In an interview with MarketWatch Senator Lummis cites the example of Coinbase’s Initial Public Offering (IPO) and Tesla’s $ 1.5 billion investment in Bitcoin as evidence that the flagship cryptocurrency has already achieved great popularity.
– We see how [BTC] enters the mainstream. You see people like Elon Musk, Tesla CEO, make big investments in Bitcoin. You saw how Coinbase just went public today and it has a valuation that is simply stunning. And yes [BTC] becomes part of the mainstream because everyone, including [CEO Goldman Sachs] Dimon, who once criticized Bitcoin, are considering making an investment in Bitcoin, I think they finally understood why Bitcoin is a good, solid store of value – He said.
Senator Lummis says it’s the BTC foundations that make it such a good asset. She added that “Only 21 million Bitcoins will be created”. Additionally “You have an automatic finite supply. There are so many guarantees about how Bitcoin will stay [do końca] extracted “.
Lummis also claims that the best strategy for investing in BTC is buying and holding coins. All to protect savings against fiat depreciation as a result of further monetary easing.
– I’d tell the guy outside this building while cleaning the windows: buy it and then hold it – she said.
In her opinion, cryptocurrency is the perfect retirement security.
– Who knows how many dollars will be printed before this gentleman retires? – she added.
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