It’s not often you hear a congressperson in the United States foresee doom on a national currency, but congressman Ron Paul sees something in bitcoin that many people today don’t.
As such, he recognizes that “[t]here will be alternatives to the dollar, and [bitcoin] might be one of them”. He goes on to say that “it’ll go down in history as the destroyer of the dollar,” assuming individuals begins mass-adopting the cryptocurrency.
Then there’s the group of folks who thinks bitcoin will go nowhere but down. The potential is there, but bitcoin holds a promise that aims not to ‘destroy’ anything, but to unify and make transacting money as simple and secure as can be.
Still, this is a noteworthy statement from the congressman.