United States Senator Cynthia Lummis, a Republican from Wyoming, took benefit of a deeply discounted Bitcoin (BTC) worth this week by including to her holdings.
Within the wake of one more main worth correction for crypto belongings, Lummis advised Fox Information Wednesday that she’s “excited to purchase the Bitcoin dip.”
U.S. Senator, @CynthiaMLummis, “I am excited to purchase the #bitcoin dip” pic.twitter.com/OHXiA6vhxi
— Documenting Bitcoin (@DocumentingBTC) June 23, 2021
When requested about Bitcoin’s fast worth decline, Lummis stated:
“I’m actually enthusiastic about it as a result of as quickly because it drops a bit extra, I’m going to purchase some extra.”
Lummis in contrast Bitcoin’s drop to the efficiency of certainly one of her favourite shares, United Leases. “I purchased it,” Lummis stated of United Leases, “and it dropped like a rock. I held onto it and, my gosh, it’s carried out fantastically through the years for me,” she stated, including:
“I see Bitcoin doing the identical sort of factor as a result of the basics are good.”
Lummis is without doubt one of the most vocal advocates of Bitcoin within the U.S. Senate. Earlier this yr, she launched the Monetary Innovation Caucus to coach fellow lawmakers about Bitcoin and different cryptocurrencies. On the time, Lummis stated she is going to work with the caucus to deal with false narratives about cryptocurrencies, together with their affiliation with cash laundering and different monetary crimes.
Associated: Bitcoin bounce from $28.8K prompts century-old monetary mannequin’s bullish thesis
As Cointelegraph reported, Senator Lummis attended this yr’s Bitcoin 2021 convention in Miami, the place she mentioned the significance of encouraging crypto innovation. She was joined by Consultant Warren Davidson, a Republican from Ohio, in a panel referred to as “Bringing Bitcoin Innovation Dwelling to America.”
After plunging beneath $29,000 earlier this week, the Bitcoin worth seems to have discovered assist above $30,000 once more. On the time of writing, the digital foreign money was up 5.5% at $33,700.