Crypto queen, Sen. Cynthia Lummis

Reason's Nick Gillespie writes, "Sen. Cynthia Lummis (R–Wyo.) might not seem like your typical cryptocurrency owner. She's 66 and doesn't have a tech background, but she's 'in it for the distance.'

#Bitcoin is 'an alternative saving instrument for people who, like me, are concerned that the U.S. dollar saved will be worth far less than when it's deposited in savings.' @SenLummis tells @reason https://t.co/XVhwxJ4Y2K

— Nick Gillespie (@nickgillespie) September 14, 2021

Bitcoin emerged just a dozen years ago, when a pseudonymous hacker (or group of hackers) shared a nine-page paper on an obscure email list. Today, it's the third-largest currency on the planet, according to Deutsche Bank. The total stock of bitcoins is capped at 21 million, which means that, unlike most paper money, no central bank has the power to print more of it. That's one reason Lummis owns the digital currency—as a hedge against hyperinflation."

Read the entire story.