Texas Senator: “I like Bitcoin as a result of the federal government can’t management it”
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Why does it always have to be Ted Cruz. ????♂️
tldr; Texas Senator Ted Cruz wants to turn Texas into a haven for Bitcoin (BTC) and other cryptocurrencies. He said that Bitcoin mining can be used to monetize energy produced by oil and gas extraction. Extreme weather conditions (extreme heat and extreme cold) are doing good for the Texas power grid because mining activities can be shut off immediately and energy generated can be directed towards households and businesses to keep them warm.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Senator? You are the government!
It immediately reminds me of another TV series with a criminal element in a remote town.
That’s make 2 of us
These people dislike governmental power only as long as they aren’t in charge of it.
I’m surprised many US Politicians actually supports Bitcoin. I mean, I know BTC is challenging the concept of Fiat and Keynesian.
But the rise of Bitcoin, especially in third world and developing countries means reducing the dominance of Dollars in the world. The USD is literally the main tool for US imperialism because it’s the currency used to trade. Sure, there’s euro and yen, but the petro Dollar is why the US economy is as big as it is right now.
And it’s backed by US military.
Definitely a step in the right direction. It’s nice to see a politician voicing their support for bitcoin. Breaking free of government overreach of our finances is something to be extremely bullish on. Just my opinion.
I like Bitcoin full stop
It makes sense that politicians would be throwing themselves a life preserver. The fiat/credit system is going to collapse at some point, and the DC uniparty is going to be one of the biggest culprits. If they want to retain a small modicum of power, they need to pivot.
There are more than 50 million millionaires in the world.
Imagine when each one of them decides they should own at least ONE #Bitcoin
But there will ever be only 21 million #Bitcoin
No enough for even half of them.
A gigantic price increase is just a matter of time.
-Nayib Bukele