Republican Senator Cynthia Lummis from Wyoming used heavily discounted Bitcoin (Bitcoin) Pricing this week by increasing her holdings.
— Documenting Bitcoin (@DocumentingBTC) June 23, 2021
When asked about the rapid decline in the price of Bitcoin, Lummis said:
“I’m really excited because once it drops a little bit, I will buy more.”
Lummis compared Bitcoin’s decline with the performance of one of her favorite stocks, United Rentals. “I bought it,” Loomis said of United Rentals, “it fell like a stone. I stuck to it, my goodness, it has performed well for me over the years, She said, adding:
“I see Bitcoin doing the same thing because the fundamentals are good.”
Lummis is one of the most outspoken Bitcoin advocates in the U.S. Senate.Earlier this year, she Start the financial innovation core group Educate lawmakers about Bitcoin and other cryptocurrencies. At the time, Lummis stated that she would work with the core team to resolve false narratives about cryptocurrencies, including their association with money laundering and other financial crimes.
As Cointelegraph reported, Senator Lummis attended this year’s Bitcoin 2021 conference In Miami, she discussed the importance of encouraging crypto innovation. She joined the Republican Representative Warren Davidson from Ohio in a group called “Bringing Bitcoin Innovation Back to America.”
After falling below $29,000 earlier this week, Bitcoin price seems to find support above $30,000 again. At the time of writing, the digital currency rose 5.5% to $33,700.