Texas Senator Ted Cruz (1) has stated his support for Bitcoin, citing its potential to challenge the Chinese Communist Party’s control over the global financial system. The senator made the remarks during a recent episode of The Pomp Podcast (2).
Bitcoin Can Challenge the Chinese Communist Party’s Financial Control
During the podcast, Senator Cruz stated that he likes Bitcoin for the same reason the Chinese Communist Party doesn’t like Bitcoin: its potential to challenge the government’s control over the global financial system.
Cruz went on to praise Bitcoin’s decentralized nature, which he believes is critical to protecting individual freedoms and preventing government overreach. He also emphasized that he believes in the importance of maintaining a free and open internet, noting that it is under threat from authoritarian regimes around the world.
Senator Cruz’s support for Bitcoin is not surprising, given his long-standing reputation as a libertarian-leaning politician. He has previously spoken out against government regulation of cryptocurrencies and has called for greater freedom and flexibility in the financial system.