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This week, U.S. Senator from Texas Ted Cruz appeared on Fox News’ Hannity TV show and discussed the main crypto bitcoin asset. Cruz told Hannity that he thought people were investing in bitcoin because they thought America was on the verge of an inflation crisis.
Ted Cruz: “We are seeing inflation – I think people are looking to Bitcoin as a hedge against it”
Following negative statements about bitcoin from US Senator Elizabeth Warren of Massachusetts, Republican Senator from Texas, Ted Cruz, gave his opinion on bitcoin this week. Cruz appeared on Fox News’ Hannity TV show with conservative host Sean Hannity. The Texas senator has a lot to say about Joe Biden and explained that he believes the Biden administration is undermining the US economy 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? It 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 heard of it,” says Sean Hannity. “Bitcoin, cryptocurrency, what is it? Why is he so tall? What is Bitcoin? What is blockchain? What is a dog coin? Hannity asked.
The Fox News host further said he has “been studying this and discussing it with friends for probably hundreds of hours,” when it comes to crypto assets. The political commentator also added that he “does not offer financial advice in any way.”
Senator Cruz also spoke about bitcoin and noted that he believed the crypto asset was being adopted en masse because people were afraid of the rise in inflation and spending proposed by the Biden administration.
“I think one of the reasons we see people turning to Bitcoin is that we are on the verge of an inflation crisis and Joe Biden has proposed $ 7 trillion in new spending,” Cruz during the interview. “We are seeing an increase in inflation, an increase in lumber, houses, oil, gasoline, energy, raw materials. And I think people are looking to Bitcoin as a hedge 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 of this topic in the comments section below.
Tags in this story Biden Administration, Bitcoin, Bitcoin (BTC), crypto assets, dogecoin, Doggy Coin, Foreign policy, Fox News, Hannity Show, inflation crisis, Joe Biden, Markets, political commentator, Russia, Sean Hannity, Ted Cruz, Texas Senator
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