US Senator Cynthia Lummis is “really excited” about the Bitcoin(BTC) dip as she plans to increase her holdings. During an appearance on Fox News, the Republican leader said that she was among the traders who capitalized on the currency’s deeply discounted prices. She also compared the digital asset with a stock investment from her past, which benefitted her immensely over time.
During her interview, Lummis was asked how she felt about Bitcoin’s latest decline. The senator expressed her enthusiasm in response and indicated that the crash allowed her to accumulate more of the digital asset.
In February, she launched a Financial Innovation Caucus to educate fellow lawmakers on cryptocurrencies and blockchain. Lummis stated that the caucus would work to clear misconceptions related to digital assets and their use in money laundering and criminal activities.
Senator Lummis also participated in a panel discussion at this year’s Bitcoin 2021 Conference in Miami. She was joined by Warren Davidson, a Republican representative from Ohio.
Following its drop below the $30,000 support level on Tuesday, Bitcoin seems to have recovered by 5.5% and reclaimed the lost benchmark.