U.S. Congressman Pete Sessions said BTC -0.16%-news/">Bitcoin is aligned with American values and will strengthen the U.S. dollar. The lawmaker further noted that cryptocurrencies are emerging as a more resilient alternative to fiat currency inflation.
Sessions represents Texas’ 17th Congressional District and served 11 terms in the U.S. House of Representatives. Earlier this week, Sessions also tweeted that Bitcoin is a hedge against inflation.
Inflation is a tax on every American, and highlighted that the CPI rose 7.9% through February, the fastest annual rate of inflation in 40 years. Sessions added that Bitcoin is trending towards being a more resilient alternative to fiat currency inflation. Multiple Twitter users replied to the lawmaker with a wide range of opinions. Some agree with him that BTC aligns with American values, but disagree that the cryptocurrency will strengthen the U.S. dollar.
