US Senator Proposes Transferring Part of Pension Savings to Bitcoin
Main page News, Bitcoin, US

Cynthia Lummis, a US senator from Wyoming and Bitcoin supporter, has said during an interview with CNBC that BTC should be considered as a way to diversify retirement and long-term savings.

In particular, she said:

"I worry about having all of our retirement monies denominated in US dollars. As part of diversification, having a very diverse asset allocation, you don't have all your eggs in one basket."

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The senator revealed she owns about 5 BTC and that the first time she bought the cryptocurrency its price was around $330.

In addition, Cynthia said Bitcoin is "the strongest store of value" in the long term.

However, she has acknowledged her support does not mean that Bitcoin is the only useful cryptocurrency, stating that Ethereum could also have its benefits.

Read also:
Please describe the error