Cynthia Lummis Takes Advantage Of Bitcoin's Cut

On that account, the prices of bitcoin fell below $29,00 thereafter during the week the asset flourished with a support of $30,000.

As at the time of writing this news, the following information was gathered;

United States Senator Cynthia Lummis Republican from Wyoming has taken advantage of the deeply discounted Bitcoin (BTC) price this week.

Lummis told FoxNews on Wednesday, that she is excited to buy the bitcoin dip, which she regarded as the wake of another major price correction for the crypto asset.

It was also gathered that Lummis compared the performance of one of her favorite stock, United Rentals to bitcoin's drop noting that "it dropped like a rock I held onto it and, my gosh it performed beautifully over the years for me" she equally added that "Ii see bitcoin doing the same kind of thing because, the fundamentals are good".

Other important updates from the news include;

As one of the most vocal advocates of Bitcoin in the U.S. Lummis launched the Financial Innovation Caucus to educate fellow lawmakers about bitcoin and other cryptocurrencies. As a matter of fact, she worked with the caucus to address false narratives about cryptocurrencies, including their association with money laundering and other financial crimes.

It was also reported by Cointelegraph that Senator Lummis attended this year's bitcoin conference in Miami, where she discussed the importance of encouraging crypto innovation. She was joined by Representative Warren Davidson, a Republican from Ohio in a panel called Bringing Bitcoin Innovation Home To America.

In conclusion, it was also gathered that recently, the price of Bitcoin plummeted after a support above $30,000, which initially was at $29,000. Hence the digital currently up by 5.5% at $33,700

What are your thoughts on Senator Cynthia Lummis's excitement over the price of bitcoin?