Senator Ted Cruz Buys Bitcoin, Could Become a Powerful Ally for Crypto

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The Street

By Rob Lenihan Ted Cruz, the powerful senator of Texas, bought bitcoin last month while cryptocurrency prices were tanking. Texas Senator Ted Cruz went heavy into bitcoin last month, buying up to $50,000 worth of the cryptocurrency while prices were cratering. The Republican lawmaker bought between $15,001 to $50,000 of bitcoin on Jan.25, according to a financial disclosure, and used financial brokerage River to make the payment. Cruz made the purchase at a time when bitcoin prices were in free fall, sliding below $40,000 after reaching $70,000 in November. Bitcoin prices appear to have stabil…

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