Senator Cynthia Lummis expressed her view on Bitcoin in a January 7 post on X, stating, "It’s about the future," in response to Parker Lewis' book "Gradually, Then Suddenly."
"Its about the future," said Cynthia Lummis.
Lummis shared a passage from Lewis's book, which describes Bitcoin as "the greatest asymmetry that has ever existed or could ever exist." She captioned the post with her own thoughts on the potential of Bitcoin.
'Its about the future.'
| x.com
The senator introduced the BITCOIN Act, proposing the creation of a strategic Bitcoin reserve to support the U.S. economy and address national debt. The legislation outlines a plan to purchase 1 million Bitcoin units, representing 5% of the total supply, while preserving individual self-custody rights. The reserve would be managed by the U.S. Department of the Treasury through decentralized vaults and existing federal funds.
According to the Satoshi Nakamoto Institute, "Gradually, Then Suddenly" is a framework designed to help readers understand Bitcoin as money in a simple, non-technical way. The book aims to provide a foundation for reasoning through complex questions about Bitcoin, focusing on its purpose and function. By its conclusion, readers are encouraged to form their own conclusions about Bitcoin’s potential to replace traditional forms of money.
Parker Lewis transitioned from hedge fund management to building a Bitcoin custody business after graduating from Duke University with an economics degree. He combines traditional finance insights with expertise in digital assets and explains the logic behind allocating personal savings to Bitcoin.
According to the Senate's website, Lummis is the first woman elected to the U.S. Senate from Wyoming and was sworn in on January 3, 2021. A graduate of the University of Wyoming, she has served as Wyoming State Treasurer, a state legislator, and a U.S. Representative. Lummis is known for championing Wyoming’s energy resources, public lands, and fiscal responsibility throughout her career in public service.
