US Senator, Cynthia Lummis owns 5 BTCs on a long-term HODL

Conservative Republican Cynthia Lummis recommends investing in BTC because she thinks it is a good store of value.

US Senator, Cynthia Lummis owns 5 BTCs on a long-term HODL

U.S. Senator Cynthia Lummis said in a recent interview with CNBC that Bitcoin is a great asset that should not be missing from pension funds.

Cynthia started the conversation on cryptocurrencies by pointing out that Bitcoin is a good store of value and therefore would like to see retirement funds invest a certain amount in Bitcoin and other cryptocurrencies.

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. Cynthia Lummis

However, the senator does not see the potential only in investment but also in the use itself, where she mentioned, for example, El Salvador and the decision to legalize BTC as legal tender. According to Cynthia, this is mainly due to the fact that up to 22% of the country's economy comes from payments from people working in the US, which means that these people have to pay for overpriced transfers and services such as Western Union.

If these people start using Bitcoin for these transactions, they will avoid the danger of theft but also the high fees associated with these transactions.

As for the US senator and her investment in BTC in this regard, she is no newcomer, as evidenced by her first investment in 2013, when she paid only $ 330 for 1 BTC. Cynthia Lummis confirmed that she owns about 5 Bitcoins for the purpose of long-term hold, and adds that she also recommends this investment strategy to all people who want to secure a better future.

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