April 27, 2024

US Senator Calls For Investing Part Of Retirement Savings In Bitcoin

US Senator Calls For Investing Part Of Retirement Savings In Bitcoin

Senator Cynthia Lummis encourages Americans to diversify their long-term savings. It doesthe same.

In her interview with CNBC, Lummis said that she first purchased Bitcoin at $330. She believes in the potential of cryptocurrencies and encourages people to “buy and hold.” 

Congress is spending trillions of dollars, pouring huge amounts of dollars into our economy and into the world economy. All this is guaranteed to lead to currency devaluation.

She added:

I'm worried that our retirement money is denominated in dollars, but my advice is diversification – not to put all your eggs in one basket.I think one of the best options for long-term value storage is Bitcoin.

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Based on materialswww.theblockcrypto.com