Trump recognizes Bitcoin’s potential as a savings technology

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In a recent report in Bitcoin Magazine, U.S. Senator Cynthia Lummis indicated that former President Donald Trump sees Bitcoin’s promise as a stored-value technology. According to Lummis’s remarks, Bitcoin could shape significant future political landscapes and point to the emergence of the first “Bitcoin election.” These comments from Lummis imply that Bitcoin could be an important candidate in the next political scene, which gives credibility to a future “Bitcoin election.” As mainstream acceptance of digital currencies builds, the idea has resonated with the crypto community and beyond. She believes Bitcoin can be used as a reserve asset to help prop up the U.S. dollar. 

During a Fox Business interview on July 12, Lummis said that bringing Bitcoin into the U.S. financial fabric is crucial for the dollar not to be overthrown and stressed again how important being your bank concerning wallet ownership would ensure capital sovereignty. Comments from Lummis make it sound like Bitcoin will become an essential part of politics in the future, even suggesting the chance of the first “Bitcoin election.