This week US Senator Ted Cruz from Texas appeared on the Fox News television broadcast Hannity and discussed the major crypto asset bitcoin. Cruz told Hannity that he believes people are investing in bitcoin because he believes the US is on the verge of an inflationary crisis.
Ted Cruz: ‘We are seeing inflation – I think people are going against bitcoin as a hedge’
After Negative Statements About Bitcoin From US Senator Elizabeth Warren Republican Senator Ted Cruz from Massachusetts, Texas, gave his opinion on bitcoin this week. Cruise appeared on the Fox News television show Hannity alongside conservative host Sean Hannity. The Texas senator had a lot to say about Joe Biden and explained that he thinks the Biden administration is undermining the US economy and foreign policy.
“If you look at Biden’s foreign policy and you break the world into two groups, our friends and our enemies,” Cruz said during the interview with Hannity, “what does Biden do? He repeatedly systematically weakens and undermines our friends.”
In addition to discussing foreign policy, Russia and Nord Stream 2, the conversation turned to crypto. “Well, you’ve been hearing about it all,” says Sean Hannity. “Bitcoin, cryptocurrency, what is it? Why is it so big? What is bitcoin? What is blockchain? What is dogecoin?” Hannity asked.
The host of the Fox News broadcast further stated that he has been “studying it and debating it with friends for probably hundreds of hours” in relation to crypto assets. The political commentator also said that he is “not providing financial advice in any way.”
Senator Cruz also spoke out about bitcoin, saying he believes the crypto asset is seeing widespread adoption as people fear rising inflation and the Biden administration’s proposed spending.
“I think the reason we’re seeing people move to bitcoin is because we’re on the verge of an inflationary crisis and Joe Biden has proposed $7 trillion in new spending,” Cruz stressed during the interview. “We’re seeing inflation, what we’re seeing is wood going up, houses going up, oil going up, gasoline going up, energy going up, commodities going up. And I think people are going to hedge against bitcoin.”
What do you think about Senator Ted Cruz and political commentator Sean Hannity discussing bitcoin on Fox News? Let us know what you think about this topic in the comment section below.
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