Cynthia Lummis – Wyoming Republican Senator – has responded to Hillary Clinton, suggesting that Bitcoin is the solution to US dollar inflation.
Lummis’ comments were in response to a warning from former Secretary of State Hillary Clinton earlier this week. In a panel discussion at the Bloomberg New Economy Forum in Singapore, it was said that cryptocurrencies can “destabilize a nation”.
by Lummis responds with the opposite view inTweetIt said Bitcoin could help “stabilize” the US dollar. unstable
“A great leader must not fear the future. America can win the future by accepting Bitcoin as hard money, which can be used to stabilize the USD.”
It is unclear what Lummis thinks when she views Bitcoin as a potential “stabilizer” of the US dollar. She may mean that Bitcoin can “return” the value of the US dollar. Just as gold did before 1971, one way or another. She could mean that Bitcoin will force the US dollar. Compete as store of value by reducing inflation.
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The post “Bitcoin could help ‘stabilize’ the US dollar. It can be unstable,” Senator Lummis retorts to Hillary Clinton.