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Cynthia Lummis Criticized Hillary Clinton For Her Anti Crypto Remarks Saying “Great Leaders Do Not Fear Future, America Could Win Future By Embracing Bitcoin”

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US Senator Cynthia Lummis criticized Hillary Clinton for her latest remarks about Bitcoin and crypto.



Earlier, during the Bloomberg New Economy Forum, the former first lady, Secretary of State in the Barack Obama administration, and participant in the 2016 presidential race, Hillary Clinton said crypto could devastate many country economies and undermine the dollar as the world’s reserve currency.

As an active supporter of bitcoin and crypto, Cynthia Lummi came forward to reply to Clinton that Bitcoin is a digital gold that can be a help dollar against inflation and stabilize USD.

She said:

“Great leaders do not fear the future. America could win the future by embracing Bitcoin as hard money that can be used to stabilize USD and undo the tailspin begun in 1971.”

 

 

She did not elaborate on how the BTC could stabilize the dollar but did mention 1971. In 1971 US President Richard Nixon completely abolished the gold standard, transferring control of the money supply to the Fed. This made the economy more exposed to inflation by allowing the printing of unlimited money.

Perhaps Lummis believes that digital gold (BTC) can now act as collateral for the dollar.

In October, the senator said bitcoin and other “non-fiat currencies” could potentially help Americans and foreigners cope with the looming economic crisis.

In August, the politician increased her investments in the first cryptocurrency. Lummis first invested in BTC in 2013.

Recall that after the election, the senator promised to bring the discussion of bitcoin to the national level and called for a part of pension savings to be transferred to an asset.

Read More from Cynthia Lummis:

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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