Tuesday, December 15, 2020

Senator-Elect believes if fiat currency fails Bitcoin will come to the rescue.

In the recent episode of the podcast ‘What Bitcoin Did’ Cynthia Lummis, United States Senator-elect said:

“If we reach the point where we have overspent so much that things start crashing down, the black swan event occurs with regard to any fiat currency — whether it’s ours or yours or China’s or Japan’s — that there is a backstop available to every government in the world, and that backstop is Bitcoin.”

She also added

“Increase the understanding in the Senate about Bitcoin, what it is, what it does, how it can be an asset that can grow and develop as an adjunct, so basically alongside our fiat currency, and that it should be allowed a clear path and avenue — an interstate highway in fact — to grow and develop alongside our fiat currency.”

Source: Todayq News


No comments:

Post a Comment