As U.S. President Joe Biden signed legislation to increase the government’s debt limit to US$28.9 trillion, Senator Cynthia Loomis stated that Bitcoin (Bitcoin) Is a blessing from God.
Senator Lummis delivered a speech in the Senate on Thursday, expressing his views on how bitcoin and other digital currencies can potentially help countries such as the United States cope with the imminent crisis of national cash shortages.
Rumis Said One of the reasons she is so interested in non-statutory digital currencies such as Bitcoin is that they are not issued by the government and therefore will not be subject to debts “by the government” (such as the United States).
Lummis believes that since cryptocurrencies are not subject to government and political elections, they should grow and exist, allowing people to save in the event of government failure:
“Time and time again, the presidents of both sides have increased the debt irresponsibly and have no plan to resolve it. So thank God for giving Bitcoin and another illegal currency that transcends the irresponsibility of the government, including our own.”
— Michael Saylor ⚡️ (@saylor) October 15, 2021
U.S. President Biden officially sign Legislation on Thursday temporarily raised the state’s borrowing limit, delaying the deadline for debt default until December. The legislation will expand the debt ceiling by US$480 billion from the current US$28.4 trillion in national debt.
Lummis has become one of the most outspoken Bitcoin advocates in the U.S. Senate.This senator is known for accumulating large amounts of Bitcoin, one of her The value of the most recent purchase is between US$50,000 and US$100,000.
In February, Lummis launched the financial innovation core group Educating legislators about Bitcoin And other cryptocurrencies.Senators who support Bitcoin also Join the Laser Eye Flash Mob On Twitter earlier this year, Bitcoin is expected to reach $100,000 by the end of 2021.