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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 â Cynthia Lummis â has recently invited Bitcoin miners. The Senator tweeted: âIf you are in the #Bitcoin mining space, please reach out. We WANT you in Wyomingâ.
PS â If you are in the #Bitcoin mining space, please reach out. We WANT you in Wyoming. https://t.co/OUPAEYTXTG
â Cynthia Lummis (@CynthiaMLummis) July 3, 2021
The Senatorâs 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;
âI believe USD should and will continue to be the worldâs 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 shouldnât be able to debase your âstore of valueâ.
Senator Lummis â 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 CNBCâs Ylan Mui, the Wyoming Senator said:
âI 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 youâre an employee that has a retirement fund â Iâd like to see those retirement funds invested in bitcoin and other cryptocurrencies that are good stores of valueâ.
Besides, Lummis also advocated the use of crypto in daily life.
The post U.S. Senator from Wyoming Cynthia Lummis Invites Bitcoin Miners appeared first on Coingape.
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