This week, US Senator from Texas Ted Cruz appeared on Fox News’ television show Hannity discussing the leading crypto asset, Bitcoin. Cruz told Hannity he believed people are investing in Bitcoin because they believe America is on the verge of an inflationary crisis.
Ted Cruz: “We’re seeing inflation – I think people will use Bitcoin as a hedge against it”
US Senator Elizabeth Warren of Massachusetts made negative comments about Bitcoin, and Republican Senator from Texas Ted Cruz spoke about Bitcoin this week. Cruz appeared with conservative host Sean Hannity on Fox News’ Hannity TV show. The Texas senator had a lot to say about Joe Biden, stating that he believed the Biden administration is undermining American economics and foreign policy.
“If you look at Biden’s foreign policy and divide the world into two groups, our friends and our enemies,” Cruz said during the interview with Hannity: “What is Biden doing? He systematically undermines and weakens our friends over and over again. “
In addition to the discussion about foreign policy, Russia and Nord Stream 2, the conversation revolved around cryptocurrencies. “Okay, you heard all about it,” says Sean Hannity. “Bitcoin, cryptocurrency, what is it? Why is it so big? What is bitcoin What is blockchain? What’s a dog coin? ”Asked Hannity.
The Fox News host went on to say that when it comes to crypto assets, he “studies this and probably discussed it with friends for hundreds of hours”. The political commentator also added that he “does not provide financial advice in any way”.
Senator Cruz also spoke about Bitcoin, noting that he believes the crypto asset will be adopted en masse because people fear rising inflation and the proposed spending by the Biden government.
“I think part of the reason we’re seeing people go to Bitcoin is because we’re on the brink of an inflationary crisis and Joe Biden has proposed $ 7 trillion in new spending,” Cruz said during the interview. “We see inflation, what we see, timber going up, houses going up, oil going up, gasoline going up, energy going up, raw materials going up. And I think people are going to Bitcoin to hedge against it. “
What do you think of Senator Ted Cruz and political commentator Sean Hannity discussing Bitcoin on Fox News? Let us know what you think on this matter in the comments below.
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