During the Bitcoin Policy Summit, Ted Cruz, a prominent American senator, made a bold confession about his personal investment strategy.
According to Cruz, he is a devoted investor in bitcoin, and he regularly purchases the popular cryptocurrency.
The senator revealed that he currently holds slightly over two bitcoins, but he added that his holdings grow incrementally every Monday.
Cruz went on to extol the virtues of bitcoin, praising its status as the “alpha in the cryptosphere.”
He explained that the 21 million bitcoin limit, which was established at the time of the currency’s creation, provides a sense of security and stability in an era of rampant inflation and monetary policy manipulation.
The senator expressed his unwavering commitment to bitcoin as a long-term investment, noting that he is willing to endure some volatility in the market.
He emphasized that the 21 million bitcoin cap serves as a reliable safeguard against potential losses caused by inflation and other economic factors.
In March, Cruz introduced a bill that seeks to prevent the US Federal Reserve from issuing a digital currency aimed at retail consumers.
The senator argued that this legislation would protect citizens from unwanted financial surveillance and maintain the integrity of the cryptocurrency market.
Overall, Cruz’s remarks demonstrate his strong support for bitcoin and his belief in its potential as a valuable investment opportunity.