Wyoming Republican Says Altcoins May Not Be As Decentralized As A Major Digital Asset
Wyoming Republican Senator Cynthia Lammis told CNBC in an interview that Bitcoin is the standard and therefore will not disappear anytime soon, unlike other cryptocurrencies. Lammis argues that altcoins may not be as decentralized as bitcoin.
“Bitcoin is the standard. Other cryptocurrencies need to be valued differently, because they were created differently, ”the senator said.
In late July, Lammis argued that the depreciation of the US dollar is accelerating the adoption of cryptocurrencies like Bitcoin. According to the senator, this is the stupidest and most inflationary way to push people to use digital assets.
In June, Lammis announced the purchase of bitcoin at the bottom. She added that she will continue to invest in the cryptocurrency as its price declines. Also, the senator called the advantages of bitcoin. The digital coin could contain the devaluation of the US dollar and other fiat currencies, she said.