Sen. Lummis: Bitcoin Supports US Dollar Strength, Offers Economic Stability

Senator Cynthia Lummis has reaffirmed her strong support for Bitcoin, arguing that it can bolster the stability of the U.S. dollar. She believes Bitcoin acts as a reliable store of value and offers potential solutions to address fiscal challenges. According to Lummis, Bitcoin complements the traditional financial system rather than posing a threat to its integrity. This decentralized asset’s limited supply, similar to gold, helps protect against inflation during uncertain economic times, making it increasingly attractive for individuals seeking safekeeping for their wealth. This shift towards Bitcoin could stabilize the economy and ease pressure on the US dollar as a global reserve currency.