Texas Senator Ted Cruz has affirmed his bullish stance on Bitcoin (BTC) and continues to buy it every Monday despite its volatility. He sees Bitcoin as an inflation hedge and an important check against money printing and government control. Cruz supports the flaring of waste gas to power crypto mining and owns about 2 BTC as a long-term investor. Meanwhile, cryptocurrency analyst and trader Dave the Wave believes that Bitcoin is still in the Logarithmic Growth Curve buy zone, presenting a compelling alternative to trend lines in capturing Bitcoin’s logarithmic growth and cyclic volatility. The buy zone is a narrow band at the base of the converging channel and will continue as long as the logarithmic track converges, irrespective of macroeconomic forces.
(By David Thomas)
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