On November 13, in an interview for the television show “Good Morning America” on ABC News, Cynthia Lummis indicated that she hopes to bring Bitcoin to the national debate in the United States.
Specifically, because it considers that it is an efficient value protection mechanism, which will play an important role in the future.
“I hope to bring Bitcoin to the national debate. I am a former state treasurer. So I was always looking for a good store of value, and Bitcoin fits that project. “
Let’s get to know Cynthia Lummis a bit
The 66-year-old biologist with a Juris Doctor served as a member of the US House of Representatives between January 3, 2009 and January 3, 2017. And before that, for eight years, she was the 27th Treasurer of Wyoming.
In fact, Cynthia Lummis, on November 3, won the race for the United States Senate in Wyoming. And he will be sworn in on January 3, 2021.
As a fun fact, one of Wyoming’s nicknames is «the State of Equality«. Because, according to Lummis, it was the first state to continually grant women the right to vote.
How did Lummis first get into Bitcoin?
Indeed, Lummis’s entry into the crypto market came about seven years ago. Basically thanks to his son-in-law, Will Core, who has been running Unchained Capital, a Blockchain financial services company since late last year.
“I bought my first Bitcoin in 2013. Because I believe in the economic power of scarcity and the potential of Bitcoin to address some of the manipulations in our financial system.”.
Additionally, Lummis revealed on September 27 during the Wyoming Blockchain Stampede 2020 that she is a Bitcoin hodler:
“It was during my time in Congress that I first learned about Bitcoin. In this way, I was surprised by how innovative Bitcoin is. “
In effect, she described the limited supply of Bitcoin as her most distinguished merit: “Knowing that there will only be 21 million Bitcoins, makes it an attractive store of value”.
He also added: “I’ve been concerned about the Federal Reserve’s quantitative easing program for a long time. And the amount of debt on which the future of our nation’s economy rests”.
Recently, on November 10, Lummis explained in a tweet why she is excited about Bitcoin: “I want solid money that protects the value of every American worker’s time, sweat, and effort. This is why I am excited about Bitcoin”.
Considering the above, Cynthia Lummis, could you be at least partially right about Bitcoin? Leave us your opinion in the comment box.
I say goodbye with this phrase from Winston Churchill: “The politician must be able to predict what will happen tomorrow, next month and next year. And to explain later why it has not happened”.