According to a Wyoming legislator’s latest FOX activity interviewBitcoin can help people protect their savings from rising prices.
Senator Cynthia Lummis pointed out that the digital token is not due to any central bank or government. This view comes at a time when many Americans feel a sneak of higher living expenses and a weaker dollar.
Decentralized money options
Based on reports, Lummis marked Bitcoin’s open general ledger and hard hat on 21 million coins. She explained that these functions give holders clear visibility and predictable supply.
She said that average families are looking for ways to stretch their budgets. Bitcoin’s model, she claimed, was able to offer a new road when everyday expenses climb.
Sen. Cynthia Lummis is shown during a Fox Business interview. Source: Fox Business.
Market number reflects the growing demand
Bitcoin’s price approaching $ 118,000 after slipping 1.41% over the past day. Trade volume reached over $ 100 billion, a jump of more than 35% in 24 hours.
According to data from cryptout changes, this busy activity shows more people watching bitcoin carefully. Lummis found that when institutions and global investors are leaning in, demand tends to rise – and that can support the price.
Rising institutional interest
Based on figures quoted by the senator, hedge funds and large banks have slowly added Bitcoin to their balance sheets. She said that this trend emphasizes the token’s transition from the niche supply to mainstream.
It is far from Bitcoin’s early days, when only a handful of technical enthusiasts noticed. Today, Wall Street analysts include BTC price forecasts in its quarterly views.
Policy Push aims to simplify crypto taxes
Lummis used its time at Capitol Hill to launch a plan that would prevent small crypto trade from being hit with two tax storage.
The proposed they minimis Rule would release transactions under $ 300. The bill has supported from US President Donald Trump’s team, which signaled support to facilitate the rules of microtrated. Lummis said that this change can clear the way for people who buy basic goods with bitcoin.
The legislature’s broader vision
The senator also sponsors Bitcoin ActAn action that would get the United States to buy up to 1 million BTC over five years.
Critics worry about putting so much of the digital token on government books. Supporters say it would create a national reserve and show confidence in a new form of money.
Image from Unsplash, charts from TradingView
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