- Cynthia Lummis mentioned that she is still bullish on Bitcoin.
- The senator is not alone in her bullishness on Bitcoin.
- She thinks that the long-term prospects for bitcoin are excellent.
Reports have arisen with a US senator, Cynthia Lummis mentioning that she is still bullish on Bitcoin because she believes in the long-term potential of the technology. While the short-term price movements are always hard to predict, She thinks that Bitcoin has a lot of upside potential in the long run. With more and more people becoming aware of Bitcoin and its benefits, the senator believes that the Bitcoin price will only continue to rise in the future.
Senator Lummis is not alone in her bullishness on Bitcoin, as many other well-known investors and personalities have also expressed their positive views on the cryptocurrency. With so much support from those in high places, it is hard to bet against Bitcoin in the long run. So, even though the short-term price movements may be unpredictable, it seems like a good idea to HODL onto your Bitcoin for the long haul.
The congresswoman has been a longtime bitcoin bull. She previously said she made her first bitcoin purchase in 2013 for $330 per token.
“I’m still bullish on bitcoin because I’m a person who HODLs,” Lummis said in an interview with Yahoo Finance on Tuesday. “I think that the long-term prospects for bitcoin are really good.”
Lummis, a Republican from Wyoming, becomes the first sitting U.S. senator to openly hold bitcoin, according to her office.
“I think we’re in the early stages of bitcoin becoming a globally recognized currency,” she said. ” It has already achieved that status in some places.”
Senator Lummis was asked if any other cryptos, such as Dogecoin, XRP, Litecoin, and Ethereum, would survive alongside Bitcoin. She, however, believes that Bitcoin is the standard and is definitely here to stay.
