Posted 5 months ago | by @devadmin
In an interview with ABC News’ Good Morning America (GMA), recently elected Cynthia Lummis expressed her historical support for Bitcoin, stating she “hopes to bring Bitcoin into the national conversation.”
In a video clip that is going viral on Twitter, the newly elected Wyoming Senator cited her experience as a former state treasurer for why she believes in Bitcoin’s future. Speaking on Bitcoin’s nature as a deflationary currency, noting that fiat is inflationary Lummis said she had confidence in Bitcoin’s store of value.
Senator Lummis made the remarks when she was questioned by Good Morning America host Sara Haines who stated Bitcoin was associated with money laundering and tax evasion. Lummis appeared to ignore Haines’ association that Bitcoin could be used for money laundering or tax evasion, deciding not to speak about the claims during the interview and instead talk about the cryptocurrencies’ positives.
“I’m a former state treasurer and I invested our state’s permanent funds, so I was always looking for a good store of value, and Bitcoin fits that bill. Our own currency inflates; Bitcoin does not. It’s 21 million Bitcoin will be mined, and that’s it, it is a finite supply. So I have confidence that this will be an important player in stores of value for a long time to come,” Lummis said.
Bitcoin isn’t just making noise with Senator-elect Cynthia Lummis, the number one cryptocurrency was also used by Sam Bankman-Fried to help elect Joe Biden. Bankman-fried the CEO of cryptocurrency derivatives platform FTX was the second-largest donor to Joe Biden’s campaign using cryptocurrency, Coindesk reported. The Hong Kong-based CEO gifted Biden’s campaign a total of $5.2 million, following former New York Mayor Michael Bloomberg’s $56 million donation,
You can watch the full conversation of Good Morning America host Sara Haines and Senator-elect Cynthia Lummis below.
Bitcoin is currently trading at [FIAT: $15,878.45] DOWN -0.3% in the last 24 hours according to Coingecko at the time of this report.