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Issue #869: Bitcoin in the Senate

Issue #869: Bitcoin in the Senate

Nov 17, 2020
Marty's Ƀent

Issue #869: Bitcoin in the Senate

Senator Elect Cynthia Lummis was on Fox News this morning to discuss her priorities when she joins her colleagues in the Senate early next year. Cynthia wasted no time explaining her intention to focus on reeling in the growing debt problem the country faces and educating her fellow Senators about Bitcoin as an asset states should hold in their treasuries as a store of value.

Woah. What a way to start the morning. If you watch the clip, Senator Lummis does an incredible job of succinctly detailing bitcoin's value prop as a store of value. It is in a class of assets that "don't have inflation built in. Just like the US Dollar does." This is a huge win for Bitcoiner in DC. There is a US Senator advocating for bitcoin adoption on morning news shows. To date, support for Bitcoin on Capitol Hill has mainly been in defense of its right to exist, not active advocacy of adoption by state treasuries and potentially the federal government. We have entered a new level in the long game of discourse and geopolitical game theory surrounding Bitcoin.

I cannot wait to see the discourse that ensues once Cynthia begins educating her colleagues about Bitcoin. Having someone stand up for Bitcoin with reasoned first principles in the Senate is a huge win. No matter how you feel about the State and its involvement with Bitcoin, it is an undeniable win for Bitcoin to have Cynthia in the Senate.

If you haven't done so yet, you should check out Cynthia's appearance on Tales from the Crypt. SCOOP?

That didn't make you bullish enough? Check out this article from Nic Carter on some key Bitcoin metrics that are at all time highs.

Final thought...

Coffee and Pretty Lights are a great way to ease into a day.


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