Cynthia Lumimis, revealed to have five bitcoins purchased in 2013 and encouraged people to buy portions for themselves also to prepare for the devaluation of the dollar. The US dollar will depreciate due to the actions of the Fed (US Central Bank), and people should buy and hold bitcoin for protection, the senator said. She has shown her support for cryptocurrency for a while, as she has five bitcoins bought eight years ago for $300 each.
"Buy Bitcoin for Your Retirement"
Appearing at CNBC's Financial Advisor Summit, the US attorney serving as Wyoming's first senator reiterated her belief in bitcoin as an investment tool and store of value. for the long term.
“I would like to see cryptocurrency, like bitcoin, become part of a diversified asset allocation that is used in retirement funds and other opportunities for people to save for the future. So if you are an employee who has a retirement fund – I would like to see those retirement funds invested in bitcoin and other cryptocurrencies that are good stores of value.”
She also highlighted El Salvador's recent actions to adopt the BTC as legal tender as important news from a country that could benefit from it. In addition, she also believes that citizens of superpowers like the US can also see merit in the use. of bitcoin, especially after the unprecedented monetary policy carried out by the Fed last year. She noted that Congress is spending “trillions and trillions of dollars and is flooding our economy and the world economy with dollars, there is no way we can not reduce the value of US dollars”.
Lumimis reveals 5 BTC
It was no secret that the senator supported Bitcoin for years and would have bought it in 2013, but she had not revealed how much she has so far. eight years at a price of $300 each. With the BTC's appreciation against the dollar in this period, her investment has multiplied by a factor of over 100 at current prices. However, she has not discussed any plans for taking any profits, she is a hodler. Bitcoin on Coinext
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