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U.S. Senator Buys The Dip, Comforting News For Bitcoin?


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Cynthia Lummis is an outspoken supporter of crypto.

The Wyoming Senator recently made headlines with her roughly $100,o00 purchase of Bitcoin.

A lot of investors have been spooked by the limbo we currently find ourselves in, and fears over the pending infrastructure bill have throttled markets recently.

It’s comforting to see Senators still buying up Bitcoin amid all the uncertainty in the coming weeks, and maybe this should give investors reason to pause, and consider if they are freaking out for no reason.

If politicians in the know are buying Bitcoin, then maybe it isn’t all doom and gloom for the crypto markets after all.

Here’s more on her financial disclosure and BTC position:

Coin Telegraph had more on Lummis’ recent purchase:

United States Senator Cynthia Lummis, a Republican from Wyoming, has revealed that she purchased Bitcoin (BTC) worth between $50,001 and $100,000 on Aug. 16, according to documents filed on Thursday.

The disclosure was part of the Stop Trading on Congressional Knowledge, or STOCK, Act, which prohibits the use of non-public information for profit.

Crypto Globe continues:

As Markets Insider reports, this isn’t the first time Lummis bought BTC. In June, the Senator encouraged people to diversify their retirement portfolios with a small allocation to the cryptocurrency, and said she held 5 BTC.

Those coins were at the time worth $170,000 and are now worth over $270,000.

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