Ted Cruz: “I invest in bitcoin, Because it is not controlled by the government " – Bits Media

Senator from Texas Ted Cruz said, that mining cryptocurrencies is important for the US energy system. He also expressed support for bitcoin, since the government cannot control it.

Speaking at the Texas Blockchain Summit summit 2022, Ted Cruz (TED CROSS) stated, that mining is an integral part of technological progress. Primarily, miners can use excess energy when oil and gas production. As for the extreme weather conditions of the state, Whether it is severe frost or drought, Miners can also benefit the Texas energy system. The senator explained, that energy, produced during mining, can be used to heat households and enterprises. Besides, If necessary, miners can always suspend their activities.

Cruise emphasized, that Texas creates favorable opportunities for the development of the cryptocurrency industry due to an excess of cheap electricity. Besides, state authorities support free entrepreneurship, And it attracts companies, working with blockchain and digital assets. The politician also said, what he likes bitcoin, because the government cannot control this cryptocurrency. By word Cruz, Bitcoin is the only cryptoactive, in which he invests, And he buys it weekly.

Cruz talked about the advantages of mining in August. He is convinced, that Bitcoin mining provides the prosperity of society, which, in its turn, It benefits ecology.