Republican Senator Ted Cruz Reveals Weekly Bitcoin Purchases

Republican Senator Ted Cruz, who represents the state of Texas in the US Senate, has announced that he buys bitcoins on a weekly basis. He also stated that he considers bitcoin as a long-term investment and is happy with the recent price increase of BTC. Cruz finds the analogy of BTC to “digital gold” compelling, as well as the fact that bitcoin is truly decentralized. In his opinion, bitcoin is a hedge against inflation. Cruz justifies this by stating that the US government is spending money “like a drunken sailor,” although this comparison is inaccurate because a sailor only spends his own money, explains the politician. According to Cruz, the US government simply “prints” the money it needs, which in turn has led to inflation. “Bitcoin is an important measure of control over power,” Cruz adds.

The senator emphasizes that bitcoin occupies a dominant position in the crypto industry. In this context, the politician also highlights the unique history and properties of the leading cryptocurrency.

Ted Cruz also commented on the dangers of CBDC, discussed the promotion of the expansion of the use of renewable energy sources through mining, and talked about the efforts of the state of Texas to make digital coin mining attractive.

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