{"id":45216,"date":"2021-06-30T10:40:31","date_gmt":"2021-06-30T07:40:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45216"},"modified":"2025-08-31T20:42:31","modified_gmt":"2025-08-31T17:42:31","slug":"us-senator-urges-shifting-part-of-retirement-savings-into-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-senator-urges-shifting-part-of-retirement-savings-into-bitcoin\/","title":{"rendered":"US Senator Urges Shifting Part of Retirement Savings into Bitcoin"},"content":{"rendered":"<p>The US Senator from Wyoming and a bitcoin advocate, Cynthia Lummis, in an interview with <a href=\"https:\/\/www.cnbc.com\/2021\/06\/29\/cnbc-transcript-senator-cynthia-lummis-speaks-with-ylan-mui-from-the-cnbc-financial-advisor-summit.html\">CNBC<\/a> urged considering digital gold as a means to diversify retirement and long-term savings.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abI am concerned that all our retirement funds are denominated in US dollars. Diver\u00adsification through asset allocation helps ensure you don&#8217;t put all eggs in one basket,\u00bb she explained.<\/p>\n<\/blockquote>\n<p>Lummis said she owns around 5 BTC and first bought cryptocurrency when it reached $330. She also called bitcoin \u00abthe strongest store of value\u00bb in the long run.<\/p>\n<p>In November 2020 Lummis <a href=\"https:\/\/u1f987.com\/en\/news\/us-senator-pledges-to-take-bitcoin-debate-to-the-national-level\">promised<\/a> to bring the discussion of digital gold to the national stage.<\/p>\n<p>Earlier in June 2021, Massachusetts Senator Elizabeth Warren <a href=\"https:\/\/u1f987.com\/en\/news\/us-senator-calls-cryptocurrencies-a-shoddy-investment\">called cryptocurrencies a &#8216;shoddy investment&#8217;<\/a> and said they facilitate illicit activity.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1,"featured_media":45217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138,26],"class_list":["post-45216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=45216"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45216\/revisions"}],"predecessor-version":[{"id":45218,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45216\/revisions\/45218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45217"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}