US Senator: “I’m a Big Bitcoin Advocate Because…”

Texas Senator Ted Cruz said he knows what the biggest threat to Bitcoin (BTC) and the overall crypto industry is.

In a new interview on the Verdict Podcast, Cruz said that the biggest danger crypto markets face are lawmakers in Washington who don’t know what they’re doing.

“I think the biggest threat to Bitcoin and crypto is that Washington politicians are destroying it, and that is a very real threat.”

However, Cruz thinks that a mistake made by his colleagues actually accelerated the adoption rate of the best crypto asset by market cap, but also hurt Americans.

“The massive spending in Washington is one of the things that fuels the inflation and triggers the switch to Bitcoin, which is deeply hurting the American people right now…

One of the reasons you see people switching to Bitcoin is because BTC is a hedge against inflation. This Bitcoin cannot exceed 21 million BTC by design. It is a finite sum…

Currency gives the relative value of one good or service relative to another. When you have politicians who devalue everyone’s goods and services, other ways of maintaining value are sought. This is why in times of inflation people are drawn to gold or silver or real estate or commodities, other fixed assets to hedge against inflation. That’s why I’m a big Bitcoin advocate. ”

You can check the price movements here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.


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