US Senator Ted Cruz bought the Bitcoin DIP and announces a BTC purchase worth up to $ 50,000-Featured
US Senator Ted Cruz bought the Bitcoin DIP and announces a BTC purchase worth up to $ 50,000-Featured
US senator Ted Cruz has explained his Bitcoin purchase for up to $ 50,000. "I am also particularly proud that my home state of Texas becomes an oasis for the blockchain community, for Bitcoin-Miner, for innovators and entrepreneurs in the crypto world," said the Senator.
Senator Ted Cruz explains Bitcoin purchase
US Senator Ted Cruz bought the Bitcoin dip. A regular transaction report put off on Friday shows that the Senator from Texas personally bought bitcoin worth $ 15:001 to $ 50,000.
At the time of the transaction, the Bitcoin price was based on Bitcoin.com Markets for around $ 37,000
At the time of writing this article, the price of Bitcoin is $ 41,708. bitcoin has increased by 10.5 % in the past seven days, but in the past 30 days by 4.2 %.
The Senator from Texas has long been a loud Bitcoin supporter. In June last year he said that people flock in droves because the USA is on the verge of an inflation crisis.
In November last year he introduced a resolution to accept cryptocurrencies in "restaurants, restaurants, Sales machines and gift stores in the Capitol Complex ”.
Senator Cruz also said: "Cryptocurrency and Bitcoin mining offer enormous opportunities. They create an enormous amount of wealth. They create protection for people against inflation, inflation is a growing problem throughout the country. They create entrepreneurs in all 50 states."
He added: "I am also particularly proud that my home state of Texas becomes an oasis for the blockchain community, for Bitcoin miner, for innovators and entrepreneurs in the crypto world."
he warned, however: "Unfortunately, the only thing that can screw it all out is the Congress of the United States." Cruz has also expressed concerns that most of the congress members do not understand what Bitcoin is, but they still try to regulate it.
Several US legislators have disclosed that they have cryptocurrency, including the pro-bitcoin senator from Wyoming, Cynthia Lummis. Senator Pat Toomey from Pennsylvania recently said that he has cryptocurrencies in his portfolio. He believes the crypto is here and diversified portfolios should be have.
What do you think that Senator Ted Cruz buys the Bitcoin dip? Let us know in the comment area below.
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