Texas Senator Claims People Are Flocking to Bitcoin Because US Is on ‘the Verge of an Inflation Crisis’
This week the United States senator from Texas, Ted Cruz,
appeared on the Fox News television broadcast Hannity and
discussed the leading crypto asset bitcoin. Cruz told
Hannity he believes people are investing in bitcoin because
they believe America is on the verge of an inflation crisis.
Ted Cruz: ‘We’re Seeing Inflation — I Think People Are Going
to Bitcoin as a Hedge Against That’
As the world economy awakens from the 15-month slumber caused by the pandemic, Deutsche Bank has launched a series of research articles to spark debate and discussion about pressing post-pandemic economic issues.
On June 7, Deutsche Bank issued its first report of the new series, titled “Inflation: The defining macro story of this decade.”
According to the report, “US macro policy and, indeed, the very role of government in the economy, is undergoing its biggest shift in direction in 40 years. In turn we are concerned that it will bring about uncomfortable levels of inflation.”