Bitcoin A Good Store of Value Says New US Senator – Trustnodes

Bitcoin A Good Store of Value Says New US Senator

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Lummis bitcoiner senator, Nov 2020

Senator elect Cynthia Marie Lummis Wiederspahn for the state of Wyoming is a bitcoiner and proud of it.

In a live interview with ABC, Lummis said she hopes to bring bitcoin into the national conversation, further adding:

“I’m a former state treasurer and I invested our state’s permanent funds. So I was always looking for a good store of value. 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 served as Wyoming’s state treasurer for eight years, during which time she was introduced to bitcoin by her son-in-law Will Cole.

She bought her first bitcoin in 2013 and says she is a hodler. “I’ve never sold. I was and am a buyer,” she said in an interview with Coindesk.

This bitcoiner now is a lawmaker at the US Congress where the new administration may well try to update some old laws, including in regards to tokenized stocks.

More than that, she is a powerful voice as a former treasurer and now senator in speaking from experience why bitcoin can be very useful to someone charged with investing taxpayer’s money or their customers’, with her answer being simple: “It is a finite supply.”

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