Buy, hold, and save Bitcoin for retirement as Congress floods the economy with trillions of dollars – News Bitcoin News

U.S. Senator Cynthia Lummis has encouraged people to buy and hold bitcoin in their portfolios. “I encourage you to save Bitcoin for your retirement, for your future,” she said, adding that the value of the US dollar will “definitely not” fall as Congress floods the economy with trillions of dollars.

US Senator Urges People To Invest In Bitcoin For Retirement

U.S. Senator Cynthia Lummis spoke about Bitcoin in an interview at the CNBC Financial Advisor Summit Tuesday. When asked what her ideal crypto future would look like, the pro-Bitcoin senator described:

I would like cryptocurrencies like Bitcoin to become part of a diversified asset allocation that is used in pension funds and other ways for people to save for the future.

Not only does she want pension funds to invest in “Bitcoin and other cryptocurrencies that are good stores of value,” said the Wyoming senator, she would also like to see individuals able to use bitcoin and cryptocurrencies of their preference that are safe to use Have mastered the hurdles of combating money laundering and banking secrecy. “

Senator Lummis continued, “For me, I see Bitcoin as a great store of value. I buy bitcoin and I hold bitcoin. “

When asked how much bitcoin she has, Lummis replied, “Well, I only have five bitcoins,” added that she paid $ 330 for her first BTC.

When asked if she invests in other cryptocurrencies like ether, Lummis replied that she doesn’t. “The only thing I really understand is Bitcoin. That doesn’t mean that Ethereum doesn’t also have advantages, ”the Senator clarified.

The Senator reiterated that she saw Bitcoin as “a great store of value” and said she did not currently see cryptocurrency “as a medium of exchange”, stating:

I want to buy and hold. I encourage people to buy and keep. I encourage you to save bitcoin for your retirement, for your future.

She said, “With Congress spending trillions of dollars and flooding our economy and the global economy with US dollars, there is no way we can depreciate the value of the US dollar. So I’m concerned that all of our retirement funds are in US dollars. “

Lummis emphasized that you should have a diversified portfolio. “As part of diversifying with a very diverse asset allocation so you don’t have all your eggs in one basket, I think Bitcoin is one of the most powerful stores of value in the long run,” concluded the Senator.

Do you agree with Senator Lummis? Let us know in the comment section below.

Tags in this story

Bitcoin Retirement, Buy Bitcoin, Buy Bitcoin Hold, Congress, Cynthia Lummis, Dollar Devaluation, Bitcoin Hold, Senator Lummis, Store of Value, U.S. Dollar, U.S. Senator

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