Senator Lummis thanks God for Bitcoin, while the United States raised the debt limit
Senator Lummis thanks God for Bitcoin, while the United States raised the debt limit
After weeks of debates, US President Joe Biden signed a law to increase the older border of the United States at the beginning of this week. While the country allowed the country to avoid a loss of payment, Senator Cynthia Lummis was disappointed with her situation. With a passionate speech, she answered why Fiat money failed and why she loves Bitcoin as an Alternative.
insurmountable debt
The decision was partisan, with the Democrats in the Senate in general and the Republicans are against it. The minority leader in the Senate, Mitch McConnel, promised to unite the Republicans for another extension in December
Senator Cynthia Lummis sees the draft law as part of a major problem that, in her opinion, exceeds the party borders. When she spoke on Thursday before the congress, soon can no longer cover. The debts that grew together with the presidents of both parties in the 21st century have exceeded the country's GDP.
lummis claimed that this was "the point at which the nations go down".
"If we drop the dollar, have the teachings from history in front of us and do not act ... then we are really irresponsible," said Lummis.
The senator said she wanted to ensure that "non-Fiat currencies" can flourish in the event of a collapse of the dollar.
Can Bitcoin save the United States?
In her speech, Lummis makes it clear that her interest in digital currency results from her freedom of state control.
"Thank God for Bitcoin and other digital currencies that exceed the responsibility of the governments - including our own -. This is an indictment against our responsibility, this impending, predictable, massive problem."
In August Lummis Personal invested 100,000 US dollars in Bitcoin, which shows their real trust in cryptocurrency. Before that, she had admitted to owning five bitcoins that she bought years ago for $ 300 each.
Bitcoin has long been praised as an alternative to inflationary Fiat currencies for its absolutely fixed offer. Recently it was as gold, says JPmorgan.
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