U.S. Senator Ted Cruz Doubles Down on Bitcoin: "Incredibly Bullish"
U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. The Republican who holds a bullish stand on the digital asset has revealed why he supports the cryptocurrency. But what\'s fueling his unwavering optimism?
Why Ted Cruz is Bullish on Bitcoin
Senator Ted Cruz (R-Texas) said he is bullish on apex cryptocurrency Bitcoin BTC/USD because it’s “decentralized and not controllable.” Cruz said he is “bullish on Bitcoin,” praising its capacity to provide privacy, autonomy and independence from government control. In a recent talk, Cruz laments issues with the government control over the economy, seeing Bitcoin as a countermeasure. Emphasizing that cryptocurrency, Cruz believes, offers a hedge against inflation.
Cruz Buys Bitcoin Every Monday
The Texas Senator Ted Cruz affirmed he is still bullish on Bitcoin (BTC) and buys it every Monday despite the volatility. This consistent investment underscores his conviction in Bitcoin\'s long-term value. Cruz said one of the attractions of Bitcoin is its inflation-resistant nature.
Cruz Champions Bitcoin\'s Decentralization
Senator Ted Cruz during his Conservative Political Action Conference (CPAC) speech on Friday advocated for Bitcoin (BTC) again while lauding its decentralization. In a Bitcoin policy summit hosted by Swan Bitcoin on Wednesday, U.S. senator Ted Cruz displayed a significant deal of enthusiasm and bullishness towards Bitcoin\'s potential.
Contrasting Views: Congressional Democrats and Bitcoin
While Senator Cruz is a vocal Bitcoin advocate, he notes a divide within Congress. “Most congressional Democrats are” less enthusiastic, highlighting the partisan split on cryptocurrency adoption.
Senator Ted Cruz\'s continued bullish stance and weekly Bitcoin purchases serve as a strong endorsement for the cryptocurrency, reinforcing his belief in its potential to disrupt traditional financial systems.