Bitcoin's biggest friend in Congress put his money where his mouth is...

Ted Cruz bought the dip on bitcoin.

According to a filing last night, Ted Cruz bought some bitcoin on the recent dip.

Based on the time of the filing, it appears he likely bought around the $37k area.

It wasn't clear exactly how much he bought, but it was likely more than $10k and less than $100k.

However, it's not the amount that really matters here, it's the fact that he bought at all.

We need a lot more of these guys to get some skin in the game and then can you imagine how they will regulate it?!

They will be much more likely to try to come to sensible regulation to foster its development rather they stifle it.

Here's to hoping this is just the beginning of many more to come!

(Source: https://twitter.com/Blockworks_/status/1489778785457254402/photo/1)