Texas senator Ted Cruz has once again shown support for bitcoin. Bitcoin has been gaining popularity among the ruling class and more politicians are coming out in support of it. The Republican who holds a bullish stand on the digital asset has revealed why he supports the cryptocurrency. In a recent talk, Cruz laments issues with the government control over the financial property of citizens, praising bitcoin for deterring this. Why Cruz Supports Bitcoin In his talk, U.S. senator Ted Cruz goes into detail about why he supports bitcoin. Pointing to the recent issues in Canada, he explains that control is the major reason behind this support. Canadian Prime Minister Justin Trudeau and the government had been freezing the accounts belonging to the truckers protesters and supporters, even going as far as to try to freeze BTC accounts of these protesters and supporters. Related Reading | Bitcoin Monthly Cyclicality Paints Grim Picture For Last Week Of February Cruz explained that things need to be decentralized and broken apart. Further that this is one of the reasons why he is so bullish on bitcoin. The fact that the digital asset cannot be controlled by any entity or government makes the argument for itself. “It’s one of the reasons why I’m so bullish on crypto, on bitcoin, because it is decentralized and not controllable,” Cruz said. The senator explained that the events that took place over the past week in Canada were a f...
