Analysis Crypto by Thebittimes.Com

The notable US Senator for the state of Texas, Ted Cruz, has notably increased his Bitcoin holdings. Indeed, as the crypto has become an increasingly political discussion, Cruz has grabbed even more of the asset. But how much BTC does he actually hold now? Over the last year, Cruz has been an outspoken advocate of the leading cryptocurrency. He is certainly not alone. Former President Donald Trump has made the token one of the focuses of his campaign for reelection. Moreover, the issue has only grown in prevalence with the November presidential elections looming. Also Read: US Senator Ted Cruz Says He is Bullish On Bitcoin How Much BTC Does Ted Cruz Hold in 2024? This has proven to be the year of Bitcoin. With January kicking off with BTC getting the first crypto-based ETF in the country, all eyes were on the asset. Just three months after the product launched, the token reached an all-time high price of $73,000. That rise in prevalence has meant increased focus in the political sphere...

Ted Cruz (R-TX) – a crypto-supportive Republican senator – believes a US Central Bank Digital Currency (CBDC) is likely to become a reality.  Btc Bitcoin $17.146,57 price 0.98799% price change BUY NOW The politician believes both the Federal Reserve and the White House currently want one, and that the Democratic party won’t vote against its issuance.  In an interview published by What Bitcoin Did on Friday, Cruz discussed the current political climate surrounding crypto. In general, the senator believes Democrats are more opposed to the industry than Republicans, due to how it enables freedom. By contrast, Democrats are more tolerant of CBDCs than Republicans like himself, who view them as tools of control.  “If no democrats are willing to stop it, then congress can’t stop it,” he said. “I don’t see any realistic prospect of a democratic senate stopping the Fed from issuing a CBDC.” Cruz introduced legislation to ban the Feder...