Ted Cruz: China Banned Bitcoin

Ted Cruz Money Quote saying bitcoin has been banned in China because they want to control it and can’t. Ted Cruz said:
  

 

“China recently banned bitcoin, because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin. The Chinese communists and Elizabeth Warren, they both want to control you” — Ted Cruz

Ted Cruz stated that China banned Bitcoin because they cannot control it. Cruz believes that both the Chinese government and Elizabeth Warren dislike Bitcoin because it cannot be controlled by governments or centralized authorities. Some key points:

• China banned Bitcoin and cryptocurrency trading in 2021, citing concerns over speculative trading.
• Cryptocurrencies operate on decentralized networks that are not regulated by any central authority. This lack of control concerns many governments.
• Ted Cruz argues that the main reason for China’s ban was their inability to influence or regulate the Bitcoin network and its transactions.
• Others have also suggested that China wanted to push its own centralized digital currency as an alternative to decentralized cryptocurrencies like Bitcoin.

Robert Kiyosaki: I Love Bitcoin

@theRealKiyosaki
Robert Kiyosaki Money Quote saying lack of trust in federal government financial agencies makes Bitcoin attractive. Robert Kiyosaki said:
 

 

“I love Bitcoin because I do not trust Fed, Treasury, or Wall Street” — Robert Kiyosaki

The best interpretation of the quote by Robert Kiyosaki is that he is expressing his distrust in the traditional financial systems, such as the Federal Reserve, the Treasury, and Wall Street, and his preference for Bitcoin as an alternative.

He likely views Bitcoin as a decentralized and secure form of currency that is not controlled by any government or institution, which aligns with his belief in financial independence and self-reliance.

I love Bitcoin because I do not trust Fed, Treasury, or Wall Street.

— therealkiyosaki (@theRealKiyosaki) October 15, 2021

Ted Cruz: Senators What Bitcoin Is

Ted Cruz Money Quote saying Congress members don’t understand Bitcoin enough to regulate it – but are trying anyway. Ted Cruz said:
 

 

“I doubt there are 5 members of the United States Senate who know what the hell bitcoin is. This is the truth about crypto, Bitcoin, and Congress. But Congress is trying to regulate it anyway” — Ted Cruz

This is the truth about #crypto, #Bitcoin, and Congress.

But Congress is trying to regulate it anyway. pic.twitter.com/Yxj5tXr4pE

— Senator Ted Cruz (@SenTedCruz) November 18, 2021

 
Buy Bitcoin
 

Cruz likely thinks this is a problem because regulations made by people who do not comprehend Bitcoin could have unintended consequences and negatively impact the technology. By regulating something they do not fully grasp, Congress risks passing laws that may not make sense for Bitcoin or could stifle its innovation and growth.

Eric Adams: Paychecks in Bitcoin

Eric Adams Money Quote saying as Mayor elect of NYC that he’d make Fintech and Bitcoin important parts of financial markets in New York. Eric Adams said:
 

 

“In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!” — Eric Adams

In this quote, Eric Adams seems to be enthusiastically expressing his vision for New York City becoming a leader in the cryptocurrency and other emerging innovative industries during his mayoral administration. Specifically:

• Adams states that as mayor, he plans to take his first “THREE paychecks” in Bitcoin, suggesting he wants to personally demonstrate confidence in cryptocurrency.
• He implies that by embracing Bitcoin, the largest city in the U.S. can set an example for other major global hubs to increasingly adopt digital assets.
• Adams directly says his goal is for NYC to become “the center of the cryptocurrency industry”, hoping to attract related businesses, jobs and economic activity.
• He also wants to cultivate other fast-growing sectors like technology and suggests the city will thrive under his leadership, telling observers to “just wait!” and see the results.

The best interpretation is that Adams aims to establish New York as a global leader and epicenter for cryptocurrencies as well as innovative industries through both symbolic gestures and policies that create an attractive environment for these emerging fields according to his ambitious vision for the city expressed in this quote.

In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!

— Eric Adams (@ericadamsfornyc) November 4, 2021

Jack Dorsey: Bitcoin Changes All

Jack Dorsey Money Quote saying bitcoin is of paramount importance – even worth it means dropping everything else to work on it. Jack Dorsey said:
 

 

“Bitcoin changes absolutely everything, I don’t think there is anything more important in my lifetime to work on. If I were not at Square or Twitter, I would be working on bitcoin. If [bitcoin] needed more help than Square or Twitter, I would leave them for bitcoin. But, I believe both companies have a role to play” — Jack Dorsey

Jack Dorsey is quoted as saying that Bitcoin changes “absolutely everything” and that it is the most important thing for him to work on in his lifetime. He believes in Bitcoin so strongly that he would be willing to leave his companies Square and Twitter to focus solely on Bitcoin if it needed more help.

Dorsey sees Bitcoin as having a revolutionary impact and playing a key role in the future, which is why he views it as being of paramount importance compared to other issues or technologies.

Olawale Daniel: Bitcoin Commodity

Olawale Daniel Money Quote saying cryptocurrency and the technology supporting it are distinct commodities, not portions of one another. Olawale Daniel said:
 

 

“You might think of bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities” — Olawale Daniel

In this quote, Olawale Daniel seems to be distinguishing between bitcoin and blockchain technology. By stating that while they are “two halves of a whole”, they are also “very distinct commodities”, Daniel implies that bitcoin and blockchain are related but not synonymous. Bitcoin is a cryptocurrency that utilizes blockchain, but blockchain has applications beyond just bitcoin.

The quote conveys Daniel’s perspective that while bitcoin helped drive mainstream awareness of blockchain, the technology itself has uses that extend far beyond any single cryptocurrency. Overall, Daniel appears to be arguing that blockchain should be considered independently from bitcoin, as its distributed ledger capabilities have potential applications across industries, not just as the protocol underpinning one digital currency.

Bill Nye: Bitcoin Commerce

Bill Nye Money Quote saying electronic payments are inevitable for most forms of commerce, it might be bitcoin or not. Bill Nye said:
 

 

“If it’s not bitcoin, it’ll be something. The future of commerce is going to be all electronic. The gold standard was a fine idea, but electronic changes of funds and credits will be the future” — Bill Nye

Bill Nye is discussing the future of commerce and payments. He is saying that while bitcoin may not end up being the dominant form of electronic currency, some form of electronic or digital payment will likely take over most commerce transactions in the future.

He notes that the gold standard worked in the past but that going forward, commerce will shift to using electronic transfers of funds and credits between parties rather than physical currencies or assets like gold.

So in summary, Nye believes the future of how we pay for goods and services will be through digital and electronic means, whether that ends up being bitcoin or some other cryptocurrency or payment technology.

Mark Mobius: Psycho Currencies

Mark Mobius Money Quote saying cryptocurrencies are dependent on faith and it could label believers as crazy – however the same belief is required of fiat currency. Mark Mobius said:
 

Mark Mobius Money Quote
 

“You have all these currencies, new currencies coming into play. I call them ‘psycho currencies,’ because it’s a matter of faith whether you believe in Bitcoin or any of the other cyber-currencies” — Mark Mobius

In this quote, Mark Mobius is characterizing some cryptocurrencies like Bitcoin as “psycho currencies” or currencies based more on faith than tangible financial fundamentals. By using the term “psycho,” Mobius seems to be implying that the value of these digital assets is highly dependent on market sentiment and collective belief/hype in their potential, rather than traditional economic analysis.

He appears to be suggesting that whether one chooses to invest in cryptocurrencies is as much a subjective question of personal conviction as an objective assessment of their merits, since their value is still largely unproven and experimental in nature.

Overall, the quote conveys Mobius’ perspective that cryptocurrencies derive their worth more from whether people have enough confidence and conviction in their long-term viability, making their value at least partially a matter of individual “faith” in their future rather than established economic realities.

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