US Senator Ted Cruz Reveals Why He’s So Optimistic About Bitcoin
Texas Senator Ted Cruz has once again shown support for bitcoin. Bitcoin is gaining popularity among the ruling class and more politicians are stepping up to support it. The Republican taking a bullish stance on the digital asset has revealed why he supports the cryptocurrency. In a recent conversation, Cruz complains about government control issues over citizens’ financial property, praising bitcoin as a deterrent.
Why Cruz Supports Bitcoin?
In his to talkUS Senator Ted Cruz goes into detail about why he supports bitcoin. He points to the recent problems in Canada and explains that control is the main reason for this support. Canadian Prime Minister Justin Trudeau and the government had frozen the accounts of the protesters and truck drivers’ supporters, even going so far as to try to block the BTC accounts of these protesters and supporters.
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Cruz explained that things need to be decentralized and taken apart. Furthermore, that this is one of the reasons why he is so optimistic about bitcoin. The fact that the digital asset cannot be controlled by any entity or government is the argument for itself.
“It’s one of the reasons I’m so optimistic about crypto, about bitcoin, because it’s decentralized and uncontrollable,” Cruz said.
The senator explained that the events that took place in Canada over the past week were a good representation of why bitcoin is needed. Cruz continues to read the damning letter sent to the Ontario Superior Court of Justice by self-preservation software vendor Nunchuk, explaining that they could in fact freeze no one’s crypto wallets as directed by the latter. The senator praised the response as “spectacular.”
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Cruz went on to say that this decentralization of BTC is why China had banned the digital assets in the country. The reason behind this is that the government has no control over it, the senator said. He went on to say that this is the same reason why Senator Elizabeth Warren is so against the cryptocurrency, because they have no control over it.
“Warren hates bitcoin. The Chinese government and Elizabeth Warren, they both want to control you; your wealth, your savings, your speech, your life, your children, any decision they want to control. And so we have to split the resources to control the citizens.”
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The Democratic senator has criticized bitcoin and cryptocurrencies on several points in the past, calling them the new shadow banks. Warren also has said in the past that digital assets are not a real path to financial equality.
Ted Cruz remains a staunch supporter of BTC. The Texan Republican revealed in a recent final reveal that he had bought bitcoin worth $50,000 during the dip in January.
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