Cynthia Lammis: "Bitcoin is great for retirement and long-term savings" – Bits Media

US Senator Cynthia Lammis from Wyoming (Cynthia Lummis) told, that stores bitcoins to secure future retirement and encouraged fellow citizens to follow her example.

According to the senator, bitcoin is great for long-term and retirement savings. Lammis told, that at the moment owns five BTC, Moreover, she bought the first bitcoin at the price $330. She calls for Americans to buy and store bitcoins, to secure old age.

“I bother me, that all our pension funds are denominated in US dollars. For diversification, you need to use a variety of assets, In order not to store all eggs in one basket. And Bitcoin is one of the most reliable means of savings in the long run ", - noted Lammis.

At the same time, in the cryptocurrency portfolio of the senator is exclusively bitcoin, since only she "really understands the first cryptocurrency". But she recognizes, that bitcoin is not the only useful cryptocurrency. So, According to Lammis, Ethereum has its advantages.

The senator told, What hopes to help create a regulatory framework for cryptocurrencies in the United States, so that such assets can be in the long -term portfolio of any investor. Besides, With competent regulation, bitcoin can also be used as a means of exchange. Lammis emphasized:

"I would like, so that pension funds invest in bitcoin and other cryptocurrencies, which are a good means of saving. I would also like, so that people can use bitcoin and other cryptocurrencies, and at the same time they were protected by the laws on countering money laundering and banking laws ".

She noted, that this may turn out to be a very difficult task, since innovations in the cryptocurrency industry are extremely rapidly.

“We would not want to regulate traditional banking and services with non-violent currencies excessively or differently, as we want, so that they have equal conditions for development ", - said the senator.

Recall, that in February Cynthia Lammis participated in the organization of the financial innovation forum, the purpose of which was to increase the awareness of the authorities about digital assets.