- Senator Lummis asserts Bitcoin’s 24/7 audibility with a basic computer.
- She encourages individuals to buy, hold, and save Bitcoin for their future.
- Lummis champions BTC as a solution to modernize national reserves.
U.S. Senator Cynthia Lummis has doubled down on Bitcoin as a innovative solution to address the shortcomings of current reserve systems. During a recent address, Senator Lummis proclaimed, “Bitcoin fixes this,” emphasizing the crypto’s potential to modernize current reserve systems. She highlighted BTC can be audited 24/7 with a basic computer, unlike the opaque processes of the traditional reserve assets.
Lummis asserted that this transparency and accessibility brings greater accountability and trust than traditional assets. Her advocacy extends beyond mere policy recommendations. She proactively encourages individuals to embrace Bitcoin as a long-term investment strategy. “I encourage people to buy and hold, I encourage them to save BTC for their retirement, for their future,” she earlier stated, underscoring her deep conviction in BTC’s value proposition and its role in a diversified investment portfolio.
The republican senator has been a notable crypto advocate and initiated early talks about a national Bitcoin reserve in 2024. Her plan would bolster U.S. standing in the global BTC market. Her lobbying efforts generated significant attention when President Trump brought it up in economic policy discussions on U.S. competitiveness with China.
Later, David Sacks, the U.S. Crypto Czar, revealed that the administration’s top priority was to assess the feasibility of a Strategic Bitcoin Reserve. The announcement sparked excitement in the crypto community.
Lummis is also the co-sponsor of the GENIUS bill that seeks to clarify stablecoin regulations, tackling concerns over consumer protection and financial stability.
Bitcoin Traders Eye Key Liquidation Levels Amidst Range-Bound Trading
Currently, Bitcoin is trading within a defined price range with analysts closely monitoring key liquidation levels. The 50-period Exponential Moving Average on a 4-hour chart (4H50EMA) shows that the cryptocurrency is in a “discount area,” near the range’s lower boundaries. This has led traders to consider long positions. Additionally, the $99.2k upside liquidation level appears likely to be tested soon, potentially triggering a surge.
However, the risk of the $93.3k downside liquidation level also looms, with a potential drop to $88k if the $91k range low breaks. Analysts suggest keeping an eye for a positive price reaction after hitting downside liquidations and a 4H50EMA rebound before entering long positions. Liquidity and arbitrage dynamics are key factors in this range-bound Bitcoin market.