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A U.S. senator supports cryptocurrencies for retirement plans

2 min read
USA, 46, Senator
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U.S. Republican Sen. Cynthia Lummis is working to make cryptocurrencies a common part of the diversified asset allocation in retirement plans for all U.S. citizens.

BTC supporter in the USA

The great popularizer of BTC and the American senator, Cynthia Lummis, would welcome if the citizens of the United States turned more to BTC as part of a diversified strategy of their pension plans.

At a CNBC summit of financial experts on June 29, a senator said she would like BTC and other cryptocurrencies to become a regular part of asset allocations used for pension funds to protect it from inflation. She stated:

“I would also like to see individuals be able to use Bitcoin and other cryptocurrencies according to their preferences, which are safe and which have met the conditions for combating money laundering and the Bank Secrecy Act.”

Lummis warned of high inflation caused by government spending and unlimited money printing. Cynthia Lummis said:

“Congress is spending trillions and trillions of dollars and flooding our and the world economy with US dollars. There is no way we cannot reduce the value of the US dollar. “

Although U.S. citizens may include cryptocurrency assets in their portfolios, several analysts in the country remain skeptical of the trend.

“I don’t want everyone to put all their money into the BTC, just as I don’t want everyone to put it into the dollars under the mattress.”

Conclusion

In addition to her optimistic views on cryptocurrencies, the senator also revealed that she currently holds about 5 BTCs. A senator told Fox News a few days ago that she was looking forward to buying BTC during this “dip”. She allegedly bought her first BTC in 2013 for about $ 330.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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