The notable US Senator for the state of Texas, Ted Cruz, has notably increased his Bitcoin holdings. Indeed, as the crypto has become an increasingly political discussion, Cruz has grabbed even more of the asset. But how much BTC does he actually hold now?
Over the last year, Cruz has been an outspoken advocate of the leading cryptocurrency. He is certainly not alone. Former President Donald Trump has made the token one of the focuses of his campaign for reelection. Moreover, the issue has only grown in prevalence with the November presidential elections looming.
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How Much BTC Does Ted Cruz Hold in 2024?
This has proven to be the year of Bitcoin. With January kicking off with BTC getting the first crypto-based ETF in the country, all eyes were on the asset. Just three months after the product launched, the token reached an all-time high price of $73,000. That rise in prevalence has meant increased focus in the political sphere.
With several representatives getting in on discussions regarding the token, plenty are investing. Among them is US Senator Ted Cruz, who has recently increased his Bitcoin holdings. Yet, just how much BTC does the Texas representative currently hold?
Source: New York Daily News
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In an August 13th financial disclosure filing, Crus revealed an expanded Bitcoin investment. Specifically, he increased his BTC holdings to $100,000 worth of the crypto, according to Quiver Quantitative. That is a notable increase over the last year.
Cruz first began acquiring the leading cryptocurrency in January of 2022. Then, the Senator had purchased between $15,000 and $50,000 worth of Bitcoin. At the time, the token was valued at $39,000 and would skyrocket massively in the coming year.
Throughout 2024, Cruz has looked to Bitcoin as a defense against a CBDC. Indeed, he has consistently stood against a central bank-issued cryptocurrency. Conversely, he has advocated Bitcoin’s place. He recently called it a ‘reservoir of power.’ Moreover, it has lauded its capability as an empowering currency option for citizens.