'Bitcoin is aligned with American values and will strengthen the dollar,' said the U.S. lawmaker. crypto cryptocurrency $BTC
The lawmaker further noted that the cryptocurrency “is trending to be a more resilient alternative option to hedge against fiat-currency inflation.”U.S. Representative Pete Sessions tweeted about bitcoin several times this week. Sessions represents Texas’ 17th Congressional District and has served in the U.S. House of Representatives for 11 terms.
Many Twitter users replied to the lawmaker expressing a wide range of opinions. Some agreed with him aboutbeing aligned with American values but disagreed that the cryptocurrency will strengthen the U.S. dollar. Morgan Creek Digital Assets co-founder Anthony Pompliano wrote: “Bitcoin embodies the American ethos of free markets and free speech.” The New York Times bestselling author Mark Jeffrey suggested, “The U.S. Treasury should begin stockpiling bitcoin reserves immediately,” tagging President Joe Biden and Treasury Secretary Janet Yellen in his tweet.
Sessions also tweeted about bitcoin being a hedge against inflation earlier this week. “Inflation is taxation on every American,” he wrote, emphasizing that “CPI rose 7.9% through February — the fastest pace of annual inflation in 40 years.” The lawmaker from Texas added:
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