Sen. Cynthia Lummis (R–Wyo.): I’m what they call a HODLer

Sen. Cynthia Lummis (R–Wyo.): I’m what they call a HODLer

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  1. tldr; Sen. Cynthia Lummis (R-Wyoming) owns bitcoin as a hedge against hyperinflation. “I see it as an opportunity to save for my future in something that will grow in value, not fall in value,” she said. “It’s not a competitor, but it’s an alternative saving instrument for people who, like me, are concerned that the U.S. dollar saved

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. There may be a future where the digital CBDC becomes interoperable with Bitcoin, allowing people everywhere to go back and forth between them like spending and savings. The digital Yuan and USD would then be forced to compete with each other for dominance as a medium of payment, incentivizing them to offer better stability via monetary policy, and less restrictions on privacy, depending on what the market desires. The Bitcoin network would run in tandem with but independent of government systems, and bitcoins would be spent where censorship resistance is needed, but otherwise “driven out” of circulation as the primary asset of value retention, above real estate, bonds and equities (restoring price discovery).

What do you think?

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