Fox Information host Sean Hannity and the a lot maligned Senator Ted Cruz acquired collectively to elucidate the mysterious and shadowy world of cryptocurrency to the at-home viewers, and oh boy. On one hand, certain, the Fox Information viewers has in all probability caught wind of all these Reddit-lurking younguns and their stock-market exploits, they usually’d wish to know what all of this Bitcoin and Dogecoin fuss is about. So at a sure level, the Fox Information night-time guys wanted to sort out the topic, and the outcomes, thus far, are entertaining.
Bless Hannity’s coronary heart, he gave it a go, and he launched his crypto discuss by asking, “What’s Bitcoin, what’s blockchain, what’s Doggy Coin?” It’s not a promising begin, and it’s kind-of ridiculous, however he’s doing it anyway.
Though it will have been one thing if Hannity might have nabbed Elon Musk (he, as Nameless put it final week, might probably make clear the market-manipulation, by means of crypto memes, by which he apparently partakes), Hannity pulled up the following dubious-best factor: Ted Cruz. And no, Cruz doesn’t perceive crypto any greater than Hannity does, however let’s not fear about particulars. As a substitute, let’s get pleasure from how Cruz tried to elucidate why persons are entering into crypto.
Lengthy story brief, in accordance with Cruz (who additionally has no concept what crypto is however sees quite a lot of “potential” there), persons are wanting to seek out options to conventional cash due to Biden placing the U.S. “on the verge of an inflation disaster” with federal spending: “We’re seeing lumber going up, we’re seeing houses going up, oil going up, gasoline going up.” Cruz ignores the truth that the rising costs of lumber, homes, and oil/gas are all the way down to supply-and-demand points, and he doesn’t appear to comprehend that Bitcoin has been popping for years, however Reddit and Elon Musk are pushing crypto into headlines. But, as Cruz admits about crypto, “To be sincere, I don’t totally perceive it.”
Here is Sean Hannity and Ted Cruz, each of whom admit on air they do not perceive cryptocurrency, bloviating about Bitcoin anyway pic.twitter.com/7G7Drlj8zI
— Aaron Rupar (@atrupar) June 10, 2021
The identical goes for Hannity. He imagines that though he’s debated the difficulty of crypto for “in all probability lots of of hours” with associates, “I truthfully nonetheless don’t perceive so much about it.” But Hannity’s invested in crypto, as he admits beneath, and sure, that is actual life.