In an interview with Cointelegraph, US Senator Ted Cruz discusses his optimistic view of Bitcoin, highlighting its role in promoting small business growth and serving as a hedge against inflation. Cruz, who identifies himself as a Bitcoin miner, calls for cautious government regulation of cryptocurrency, believing that many lawmakers lack understanding of the industry. He has introduced legislation to prevent the unilateral creation of a central bank digital currency by the Federal Reserve. Cruz praises Texas as a prime location for Bitcoin mining due to its low-cost energy and favorable business climate. He emphasizes the need to protect the crypto space from overregulation and predicts that the upcoming Republican administration will invigorate small businesses and the cryptocurrency market. Cruz personally invests in Bitcoin, employing dollar-cost averaging strategies over the years as the value of Bitcoin has increased significantly.

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