Senator Ted Cruz of the United States has bought the bitcoin price drop. According to a Periodic Transaction Report filed on Friday, the Texas senator purchased bitcoin worth between $15,001 and $50,000 on January 25.
According to data from Bitcoin.com markets, the price of bitcoin was hovering around $37,000 on the day of the transaction. The price of bitcoin is $42,809 at the time of writing. BTC has gained 10.5 percent in the last seven days, but has lost 4.2 percent in the last 30. Senator Ted Cruz of Texas has long been a proponent of bitcoin. People are flocking to BTC because the United States is on the cusp of an inflation disaster, he remarked in June of last year.
He introduced a resolution in November of last year that would allow cryptocurrencies to be accepted in “restaurants, vending machines, and gift stores in the Capitol Complex.”
Cruz also stated:
“Cryptocurrency and bitcoin mining open up a world of possibilities. They are amassing massive sums of money. They are providing individuals with a hedge against inflation, which is becoming a significant issue across the country. They’re launching businesses in all 50 states.”
Hmm, did you also buy the dip? Comment below.
