Here is why Senator Ted Cruz likes and owns

Here is why Senator Ted Cruz likes and owns

The American politician who acts as a junior senator of the United States for Texas-Ted Cruz-believes that Bitcoin could be a rescue boat in the middle of the inflationary environment that was allegedly created by Washington irrational decisions.

He revealed that he holds a little more than 2 BTC and has a permanent order to buy more from the primary cryptocurrency every Monday morning, regardless of their price.

BTC: A protection against inflation and much more

in a recent on the Bitcoin Policy Summit explained cruz why he is such an enthusiastic support for the value and why he is a possible introduction Digital currency of the central bank would not benefit the Americans.

He admitted that he was "incredibly excited and optimistic" with regard to the asset and described him as "the alpha in the crypto sphere". The politician also put his name on the list of people who consider BTC as digital gold.

Cruz believes that its main earnings are that it can serve as a security against the concerned inflation that has spread in the USA and many other countries. He supported the thesis that the hard upper limit of BTC of 21 million coins, which would ever exist, could give asset anti -inflationary properties.

The fixed delivery contracts with the limitless printing of Fiat currencies that could and would have carried out central banks (especially during the Covid 19 pandemic). Cruz criticized the American authorities to allow this policy and thus to raise inflation to a level that has not been seen for years:

"We see an inflation in the whole country that is driven by this frenzy of expenses, which has taken place in Washington in the past two years and triggered a significant inflation."

ted cruz: cnn

Another reason why the Republican worshiped BTC is that it cannot be controlled by governments, and says that China has therefore banned all operations with cryptocurrencies:

"I like Bitcoin for the same reason from which the Chinese communist government does not like Bitcoin. They do not like Bitcoin and have banned it because they cannot control it."

Then Cruz admitted to being a Bitcoin investor and owning a little more than 2 BTC. He also has a permanent purchase order every Monday to increase his commitment, regardless of the evaluation of the momentum.

CBDC should not appear in the USA

In addition to emphasizing his support for Bitcoin, Cruz argued that the possible introduction of a digital dollar could harm the local currency system:

"I am very concerned about the risk of a CBDC. I think that is extremely dangerous; we see that China is advising to use a CBDC to destroy the entire value of Bitcoin, to destroy anonymity, to destroy decentralization."

The Senator introduced to prevent the Federal Reserve to issue such a financial product.

"This law contributes significantly to the fact that large governments do not try to centralize and control the cryptocurrency so that they can continue to thrive and thrive in the United States. We should enable entrepreneurs to strengthen and increase innovations-not suffocate them at the time.

Selected image with the friendly approval of CNN

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