Bullish on Bitcoin, US Senator Ted Cruz wants Texas to be a crypto oasis

) and cryptocurrencies. Speaking at the Texas Blockchain Summit 2022 in late November, the politician empathized how the crypto industry can be strategic for the U.S. energy supply and technological development.could be used to monetize energy created from oil and gas extraction, rather than burning it.

"The beauty of it [Bitcoin mining] is when you've got substantial investment, as we do in Texas and Bitcoin mining, when you have an extreme weather event, either extreme heat, which is frequent in the state of Texas or extreme cold, which sometimes happens here, Bitcoin mining can be shut off in a fraction of a second. Making that electricity immediately available to the grid to heat or cool people's homes, to keep businesses running.

The Senator highlighted that Texas combines abundant and relatively low-cost energy, as well as embracing free enterprise, which makes Texas an attractive state for crypto industry development in the US. Cruz also unveiled the reason why he described himself as an enthusiastic fan of Bitcoin:The republican lawmaker admitted to purchasing Bitcoin weekly, the only cryptocurrency in his portfolio.

"I think Bitcoin means investment. It means opportunity. It means prosperity. It means financial independence. I also think the rise of bitcoin mining in Texas has an enormous positive benefit for resiliency of the grid.

Financial independence is important for everyone

At last he said something right lol

It's been a long time since I heard pretty words for btc . The world is changing. The late is better than never. 😌

In the world of fiat, be GOPX!

In a world of fiat, be the Bitcoin

crypto being appreciated by the authorities is great! Not necessarily needed, but still awesome :)

🔻

Someone from the government said something smart!

🔥🔥🔥

🤨… Ted Cruz. And you’re proud of this?!? 🙄

Just pumping his book bagholder was buying at 40k

Be ready for the first $BTC pump to 33k

Hey Senator Ted Cruz, how about you tell your government friends to use Bitcoin as their primary asset

They can easily manipulate it though

Defi is huge

I lik crypto in general because the government can't control it 🙂 $EGT preparing for an amazing goatmas elongoat ELONGOATTOKEN ETH NFT

Well, at least they can manipulate the price

says the guy who works in a government, would love to see you become a buidler ser

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