Ted Cruz is fond of BTC because of its decentralized nature and anti-inflationary characteristics.
The American politician serving as the junior United States Senator for Texas – Ted Cruz – thinks bitcoin could be a lifeboat amid the inflationary environment supposedly created by Washington’s irrational decisions.
He admitted being “incredibly excited and bullish” on the asset, describing it as “the alfa in the crypto sphere.” The politician also put his name on the list of people who view BTC as digital gold. “We see inflation all across the country driven by this spending binge that happened in the last two years in Washington that unleashed significant inflation.”Another reason why the Republican adores BTC is that it can’t be controlled by governments, saying this is why China prohibited all operations involving cryptocurrencies:
Subsequently, Cruz admitted being a bitcoin investor, having a little more than 2 BTC. He also has a standing purchase order every Monday to increase his exposure, regardless of the momentum valuation.Besides highlighting his support for bitcoin, Cruz argued that the potential launch of a digital dollar could harm the local monetary system:
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