Senator Lummis criticizes Hillary Clinton for speaking out about bitcoin

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Senator from Wyoming Cynthia Lammis considers the statements of the former secretary of state regarding bitcoin inadmissible, since it is he who will save the US dollar from inflation.

Cynthia Lummis who supports bitcoin investing in it,
criticized Hillary Clinton’s Twitter warning regarding cryptocurrencies. It all started with the fact that the former “first lady” last week, during a panel discussion at the New Economy Forum in Singapore, announced that Bitcoin and cryptocurrencies could destabilize the situation in the United States.

Cynthia Lummis expressed a completely opposite opinion about the role of Bitcoin in the American economy. The senator said that bitcoin will help stabilize the volatile US dollar.

“Great leaders are not afraid of the future. America could win the future by embracing bitcoin as hard money that can be used to stabilize the dollar and break the tailspin that began in 1971. ”

Lammis is referring to the abolition of the gold standard by President Nixon in 1971. After that, the US money supply was controlled by the federal authorities. As a result, the problem of dollar inflation has become more acute, and the level of savings throughout the Western world has fallen sharply.

Against the backdrop of increased inflation in recent years, Bitcoin is often offered as a solution to this problem due to its completely fixed and unmanageable monetary policy. With her angry remarks, the senator challenged Hillary Clinton as a politician and, in fact, to all supporters of the current US economic model.

Lummis probably believes that bitcoin will “stabilize” the US dollar as a vehicle for providing the value of the US currency, as gold did before 1971.

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