— Cynthia Lummis 🦬 (@CynthiaMLummis) July 3, 2021
The Senator’s tweet arrived later on Friday, July 2. Cynthia Lummis has been recently vocal about her support for Bitcoin and the overall crypto space. Last week, Lummis urged people to buy Bitcoin and save it as part of the retirement plan.
Lummis has been open in her views saying that BTC allows investors to diversify their assets amid concerns of the declining value of the U.S. Dollar. In a series of tweets, the Wyoming Senator said;
“I believe USD should and will continue to be the world’s reserve currency. BUT spending like drunken sailors is not serving the American people, or the value of USD, well.
I believe financial innovation offers an egalitarian opportunity for hardworking Americans to store the value generated by the sweat of their brows. Preservation of capital should not be reserved for the wealthy will Wall Street connections. Government shouldn’t be able to debase your ‘store of value’.
Senator Lummis – Retirement Funds Should Have exposure to BTC
The Wyoming Senator revealed that she has already purchased $100,000 worth of BTC and would continue to buy more and save. Lummis also expressed her views about how retirements funds should have exposure to BTC. In an interview with CNBC’s Ylan Mui, the Wyoming Senator said:
“I would like to see cryptocurrency, like Bitcoin, become part of a diversified asset allocation that are used in retirement funds and other opportunities for people to save for the future. So whether you’re an employee that has a retirement fund – I’d like to see those retirement funds invested in bitcoin and other cryptocurrencies that are good stores of value”.
Besides, Lummis also advocated the use of crypto in daily life.