On July 19, 2024, Senator Cynthia Lummis, a prominent advocate for digital currencies, once again praised Bitcoin’s resilience amidst a significant Microsoft outage.
Lummis made a post on X, saying, “Do you know what form of currency hasn’t been affected by widespread cyber outages? Bitcoin.”
Cynthia Lummis on Bitcoin
She highlighted Bitcoin’s reliability on Twitter, emphasizing that unlike centralized systems affected by cyber outages, Bitcoin remained unaffected. This statement aligns with her ongoing advocacy for digital currencies, underlining Bitcoin’s stability and potential as a dependable financial asset.
The recent Microsoft outage exposed the weaknesses of centralized systems and affected millions of customers’ access to cloud services globally. Senator Lummis has consistently highlighted the decentralized aspect of Bitcoin, which makes it less vulnerable to such errors, in her support of blockchain technology and digital currencies.
The Bitcoin community swiftly embraced Lummis’s post, agreeing with her observations and lauding the dependability of Bitcoin. Several individuals added their remarks on the advantages of decentralized currency as they retweeted her statement.
Senator Lummis, a member of the Senate Banking Committee, is a well-known legislator, and his support for digital currencies highlights their increasing acceptance and possible incorporation into traditional financial institutions.
Senator Cynthia Lummis’s latest tweet serves as a reminder of Bitcoin’s unique advantages in an increasingly digital world.