US senator advises buying Bitcoin for retirement

Bitcoin has taken a beating lately, but it’s still getting plugged by crypto evangelists — including a US Senator.

On Tuesday, US Sen. Cynthia Lummis, a Republican from Wyoming, said she encourages investors to buy Bitcoin as a way to help them diversify their retirement holdings.

“For me, I see bitcoin as a great store of value,” Lummis said at the CNBC Financial Advisor Summit. “I buy bitcoin and I hold bitcoin.”

Lummis was quick to add, “I don’t want everybody putting all their money in Bitcoin just like I don’t want everybody putting it in dollars and putting it under a mattress.”

The senator has taken a bullish approach to Bitcoin and has even pushed for the Federal Reserve to create its own digital currency to serve as a check against inflation. She’s also partnered with Senator Kyrsten Sinema to create the Financial Innovation Caucus.

In a statement to The Post an aide said, “For Senator Lummis, the digital asset push is a recognition that we need to bring our financial system into the 21st Century.”

The notoriously volatile cryptocurrency was recently off 5.9 percent at 34,288.10, according to Coindesk.

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