Cynthia Lummis emphasized that in the event of a further decrease in the price of the cryptocurrency, she will continue to invest in it.
Wyoming Republican Senator Cynthia Lummis said she bought bitcoin at the bottom. She added that she is delighted with the purchase and will continue to invest in the cryptocurrency as its price declines.
Lummis compared Bitcoin to United Rentals shares, which she also bought back during the fall in their quotations.
U.S. Senator, @CynthiaMLummis, “I’m excited to buy the #bitcoin dip” pic.twitter.com/OHXiA6vhxi
— Documenting Bitcoin 📄 (@DocumentingBTC) June 23, 2021
Lummis is an active supporter of the first cryptocurrency. Last week she outlined the benefits of the asset. Thus, the senator believes that a digital asset could contain the devaluation of the US dollar and other fiat currencies.
According to Lummis, bitcoin is mistakenly criticized for being green because, on the contrary, cryptocurrency stimulates the creation of new renewable energy sources and their use in states such as Wyoming.
Yesterday, the bitcoin rate for the first time since January of this year fell below $ 30 thousand. As of June 23, the quotes of the first cryptocurrency are traded at $ 33.5 thousand, over the past day they have grown by 4%.