Texas US Senator Ted Cruz spoke on Fox News Hannity this week and discussed the leading crypto asset Bitcoin. Cruise told Hannity that he believes people are investing in bitcoin because they believe America is on the brink of an inflationary crisis.
Ted Cruz: “We’re seeing inflation – I think people are switching to Bitcoin as a hedge against that.”
Following negative statements about bitcoin by US Senator Elizabeth Warren of Massachusetts, Texas Republican Senator Ted Cruz gave his take on bitcoin this week. Cruise appeared on Fox News TV show Hannity with conservative host Sean Hannity. The Texas senator said a lot about Joe Biden and explained that he believed the Biden administration was undermining the American economy and foreign policy.
“If you look at Biden’s foreign policy and divide the world into two groups, our friends and our enemies,” Cruise said during an interview with Hannity, “what is Biden doing? He systematically undermines and weakens our friends over and over again. “
In addition to discussing foreign policy, Russia and Nord Stream 2, the conversation turned to cryptocurrencies. “Okay, you’ve all heard about it,” says Sean Hannity. “Bitcoin, cryptocurrency, what is it? Why is it so big? What is Bitcoin? What is blockchain? What is a Dog Coin? Hannity asked.
The Fox News host also said that he “studied this and discussed it with friends for probably hundreds of hours” in relation to crypto assets. The political columnist also added that he “does not provide financial advice in any way.”
Senator Cruz also spoke about bitcoin and noted that he believes the crypto asset is gaining widespread adoption because people are wary of rising inflation and the proposed spending of the Biden administration.
“I think part of what we’re seeing is that people are switching to bitcoin because we are on the brink of an inflationary crisis and Joe Biden has proposed $ 7 trillion in new spending,” Cruz emphasized during an interview. “We are seeing inflation, rising prices for timber, houses, oil, gasoline, energy, goods. And I think people are switching to bitcoin as a defense against that. “
What do you think of Senator Ted Cruz and political commentator Sean Hannity discussing bitcoin on Fox News? Let us know what you think about this in the comments section below.
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