Cynthia Lummis' Push For Bitcoin Strategic Reserve Ridiculed By Economist Justin Wolfers: 'One Of The Most Amazing Word Salads I've Ever Read'
Portfolio Pulse from Aniket Verma
Economist Justin Wolfers ridiculed Senator Cynthia Lummis' proposal to add Bitcoin as a strategic reserve to combat inflation and national debt. Wolfers criticized the lack of logical connection in Lummis' statements, calling it 'one of the most amazing word salads.' The debate over cryptocurrency's role in national policy continues, with mixed reactions to similar proposals from figures like former President Donald Trump.

July 30, 2024 | 3:58 am
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Bitcoin faced criticism from economist Justin Wolfers, who mocked Senator Cynthia Lummis' proposal to use Bitcoin as a strategic reserve. This negative sentiment could contribute to Bitcoin's recent price drop.
Wolfers' public ridicule of Lummis' Bitcoin proposal adds to the negative sentiment surrounding Bitcoin, which has already seen a 4% drop in the last 24 hours. This could further pressure Bitcoin prices in the short term.
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