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Texas Senator Ted Cruz Comes Out as Pro-Bitcoin

Thu, 06/10/2021 - 03:54
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Alex Dovbnya
U.S. Senator Ted Cruz has come out as pro-Bitcoin during his recent interview with Fox News host Sean Hannity
Texas Senator Ted Cruz Comes Out as Pro-Bitcoin
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U.S. Senator Ted Cruz said that Bitcoin has “a lot of potential” during his recent appearance on Fox News’s “Hannity”:

Look, I think [Bitcoin] has a lot of potential. I think we are seeing enormous growth in it.

The former presidential candidate claims that a looming inflation crisis is “part of the reason” why people are flocking to Bitcoin:    

We are seeing inflation. We are seeing lumber going up, homes going up, oil going up, gasoline going up, energy going up, commodities going up, and I think people are going to Bitcoin as a hedge against that.   

While adding that Bitcoin “has upside,” Cruz also urged Fox News viewers to be “careful.”

The senator’s comments run counter to those of ex-president Donald Trump, who recently called Bitcoin “a scam.”

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Freedom to eight billion people

Microstrategy CEO Michael Saylor—who was interviewed by Sean Hannity before Cruz—believes that Bitcoin represents “property and freedom” to eight billion people:

Bitcoin is a technical solution to give 8 billion people property rights. I can own $100 in my hand as easily as I can own $1 billion.

When asked why he prefers Bitcoin over Ethereum, Saylor replied that the former is the oldest, the strongest, and the most secure cryptocurrency.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at