Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Thursday, July 31
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Bitcoin is a reservoir of power
    Bitcoin

    Bitcoin is a reservoir of power

    August 13, 20242 Mins Read


    In a recent speech for the Texas Blockchain Council, U.S. Senator Ted Cruz referred to Bitcoin as an energy safety blanket for Texas’s grid infrastructure. 

    Cruz described Bitcoin (BTC) as a “reservoir of power,” suggesting that it could serve as an energy safety net for the state’s grid infrastructure during extreme weather events or times of economic uncertainty. 

    “What Bitcoin presents is an opportunity in real-time to enhance the resiliency of our grid,” said Cruz.

    These comments come as Bitcoin mining in Texas has sparked concerns over noise pollution and health issues for residents, highlighting the need for better regulations.

    Ted Cruz and crypto

    The Texas Blockchain Council endorsed Ted Cruz for reelection to the U.S. Senate on August 12, according to Cointelegraph. They cited his support for Bitcoin and its potential benefits for Texas’ energy grid. Cruz, who has previously spoken at TBC events, is currently leading Democrat Colin Allred by eight points in a recent poll.

    In his speech, Cruz emphasized that Texas, the leading U.S. state in wind energy production, faces challenges during severe weather when renewable energy sources like wind and solar often fail to generate sufficient power. 

    During such events, Cruz argued that Bitcoin miners could be swiftly shut down, redirecting the electricity they consume to critical needs like heating homes and powering hospitals.

    “Bitcoin is a reservoir of power —  a safety blanket the state of Texas,” said Cruz.

    Texas has been a hotbed for crypto mining disputes between miners and the government. Recently, a Texas crypto mining firm, Lejilex, sued the SEC, challenging its authority over exchange-traded crypto and disputing the classification of certain tokens as securities. 



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin ETFs on Pace to Hold More BTC Than Even Satoshi
    Next Article ‘Perfect Setup’ Forming for Bitcoin As Global Liquidity Ticks Up, According to Analyst Jamie Coutts

    Related Posts

    Bitcoin

    Bitcoin Holds Above $117K While Most Altcoins Face Selling Pressure

    July 30, 2025
    Bitcoin

    Peter Schiff Says Bitcoin Is Like Tech Stocks But Without ‘Potential Of Earnings’ As Investors Digest Meta, Microsoft Numbers – Meta Platforms (NASDAQ:META)

    July 30, 2025
    Bitcoin

    Top Crypto Presales For 2025! How Punisher Coin Is Outshining BlockDAG And Bitcoin Hyper

    July 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Utilities

    U.S. Power Utilities Seek Price Hikes on AI Demand

    July 10, 2025
    Bitcoin

    Strategy annonce une quatrième perte trimestrielle consécutive et se recentre sur le bitcoin en changeant de marque -Le 05 février 2025 à 22:31

    February 5, 2025
    Bitcoin

    Prédiction des prix Bitcoin: BTC atteindra-t-il 120 000 $ en juillet? Eth peut-il enfin rattraper son retard?

    July 3, 2025
    What's Hot

    Weekend: Trump Bitcoin pump, “Will not sell govmt BTC, on day one will fire Gary Gensler”

    July 28, 2024

    Bitcoin, quel objectif pour juillet ? L’analyse de Vincent Ganne en vidéo

    April 30, 2025

    CK Infrastructure Closes Higher After Thin London Start – BNN Bloomberg

    August 19, 2024
    Most Popular

    Quels scénarios pour une reprise du Bitcoin ? Analyse du BTC du 11 février 2025

    February 11, 2025

    Nasdaq Pitches Options on Spot Bitcoin ETFs to SEC

    August 27, 2024

    Commodities Are Likely to Remain Under Pressure in 2025

    February 5, 2025
    Editor's Picks

    PNM, El Paso Electric among dozens of utilities in western transmission organization | Business

    May 6, 2025

    Alibaba gets nod for Hong Kong listing upgrade

    August 23, 2024

    China Home Sales Slump Persists as Calls Grow for More Stimulus

    June 30, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.