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- A Republican Senator from the US has revealed how he invests in Bitcoin
- The Senator is excited and confident about Bitcoin.
A US Senator has revealed his Bitcoin trading strategy and shared his thoughts on Bitcoin at a summit he attended.
A US Senator Reveals His Bitcoin Strategy!
Ted Cruz, a US Senator from Texas, showed significant enthusiasm and optimism towards the cryptocurrency Bitcoin at a Bitcoin policy summit hosted by Swan Bitcoin. Cruz stated that he buys Bitcoin periodically every Monday and has been buying the dips in Bitcoin price recently.
The Senator said that the comparison between Bitcoin and digital gold is convincing and he is convinced that Bitcoin is the “alpha” in the crypto space. He also mentioned that he has an order waiting to buy more Bitcoin next Monday and is willing to tolerate the volatility that comes with investing in risky assets like cryptocurrencies for the long term.
He also maintains his confidence in the 21 million Bitcoin limit that is hardcoded into the digital currency during its creation. Speaking to the panel, Cruz noted that he sees this number as a hedge against inflation, especially as US politicians print money at an alarming rate and with the Fed’s relentless interest rate hikes.
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The 52-year-old Senator said:
“I’m quite happy, I bought the dip and I’m also a long-term investor, so I’m not too worried about some volatility. I know there will be ups and downs, but 21 million is a definite number.”