Sign Up on MEXC
Amid the ongoing crackdown in China, a lot of Bitcoin miners are shifting base to the U.S. The Republican U.S. Senator of Wyoming – Cynthia Lummis – has recently invited Bitcoin miners. The Senator tweeted: “If you are in the #Bitcoin mining space, please reach out. We WANT you in Wyoming”.
PS – If you are in the #Bitcoin mining space, please reach out. We WANT you in Wyoming. https://t.co/OUPAEYTXTG
— 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.
- Coinbase Urges Court to Sanction SEC Over Missing Gensler Texts
- Breaking: $9T BlackRock Plans To Tokenize ETFs Following Bitcoin ETF Success
- Bitcoin’s Bull Cycle May Peak This Month, Peter Brandt Says
- Ethereum Whales Buy $204M ETH Amid Rebound Above $4,400
- SOL Rises as Nasdaq-listed Forward Completes $1.65B Raise For Solana Treasury
- SHIB Price Forecast as LEASH V2 Rollout Expands Cross-Chain — Is a 200% Rally Ahead?
- BNB Price Forecast as Binance–Franklin Templeton Deal Strengthens Path to $1,500
- Pi Network Price Wyckoff Theory Signals a Surge as One Whale Keeps Buying
- ETH Price Prediction As Bitmine and SharpLink Continue ETH Buying Spree- Analyst Predicts $7K Next
- AVAX Price Prediction as Avalanche $1B Treasury Gains Momentum – Is $55 in Sight?
