U.S. Senator Ted Cruz Declares Bitcoin and Bitcoin Mining is beneficial to both the economy and the environment.
cruise To tell Bitcoin creates prosperity, which benefits the environment, at the Texas Blockchain Summit event.
“When we look at the environment, pollution is directly linked to poverty. The poorer the community, the dirtier the energy they produce.
If you’re driving a brand new Tesla, that’s great. But if you can’t afford it, it’s useless.
The exciting thing about Bitcoin is that it’s a room [Texas Blockchain Summit event at Austin] full of entrepreneurs. It’s a room full of people who feed their families. And that prosperity is also net positive for the environment. ”
According to Cruz, cryptocurrency mining is a “big net positive” for the environment as it encourages renewable energy generation while making use of energy that would otherwise be wasted.
“I think cryptocurrencies are a net positive for the environment. I think it will be a big plus for the environment to be able to use it for
The Republican senator also said bitcoin mining could help regulate and optimize electricity distribution.
“Bitcoin mining can be turned on or off instantly, so if there is a moment of power shortage or power crisis, it doesn’t matter whether it is a freeze or other natural disaster that reduces the ability to generate electricity. , the ability to instantly shift that energy back into the grid.”
Earlier this year, Cruz Said He said he was a “big proponent of Bitcoin” and that it acts as an inflation hedge.
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