Tuesday, September 20, 2022

Texas Senator Ted Cruz Extremely Bullish On Bitcoin, Believes It An Asset For The Environment

Bitcoin’s a Net Positive

American Senator Ted Cruz believes that Bitcoin and BTC mining is beneficial to the economy and the environment. Cruz asserts during the Texas Blockchain Summit that Bitcoin fosters wealth, which benefits the environment. He said that If you consider the environment, pollution and poverty go hand in hand. A community produces more filthy energy the poorer it is.

He continued saying that that’s fantastic if you’re operating a brand-new Tesla. However, if you are unable to purchase one, it is of little use. The fact that there are many entrepreneurs at the Texas Blockchain Summit event in Austin is another exciting aspect of Bitcoin. There are many folks in that room who are supporting their families. Additionally, that wealth has a net positive impact on the environment.

Huge benefits for the Environment

Cruz claims that mining digital assets is a huge net benefit for the environment since it encourages the production of renewable energy while utilizing energy that would otherwise be squandered. He believes cryptocurrencies are good for the environment overall. In fact, there is a huge environmental advantage overall. The availability of several renewable energy sources is essential for the environment. he considers it to be a huge benefit for the environment to be able to use stranded natural gas in this way.

SOURCE:- THECOINREPUBLIC


No comments:

Post a Comment