US Senator Urges Shifting Part of Retirement Savings into Bitcoin

The US Senator from Wyoming and a bitcoin advocate, Cynthia Lummis, in an interview with CNBC urged considering digital gold as a means to diversify retirement and long-term savings.

«I am concerned that all our retirement funds are denominated in US dollars. Diver­sification through asset allocation helps ensure you don’t put all eggs in one basket,» she explained.

Lummis said she owns around 5 BTC and first bought cryptocurrency when it reached $330. She also called bitcoin «the strongest store of value» in the long run.

In November 2020 Lummis promised to bring the discussion of digital gold to the national stage.

Earlier in June 2021, Massachusetts Senator Elizabeth Warren called cryptocurrencies a ‘shoddy investment’ and said they facilitate illicit activity.

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