US Senator Ted Cruz recently spoke to Forbes about the growing importance of Bitcoin in the Texas economy. Cruz believes that Texas' appreciation for freedom sets it apart from other states and resonates with digital asset enthusiasts.
He sees Bitcoin's uncontrollable nature as a potential enhancer of freedom, as it cannot be controlled by governments. Despite criticisms of Bitcoin's energy consumption, Cruz sees its mining operations as a potential emergency power reservoir that can prevent energy waste and enhance the grid's resiliency.
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