United States Senator from Wyoming Cynthia Lummis has asserted that Bitcoin is the digital gold while affirming that the asset is here to stay.

“I do think that Bitcoin is here to stay. And I think a lot of the others are not, the fact that Bitcoin is fully decentralized and that some of these others were issued by a person or an entity that kept a large block of the coin for themselves, and then issued others to participate means they look more like a security than a commodity. Bitcoin is clearly a commodity. It is digital gold,” said Lummis.