Default featured image

Congressman Ron Paul: Bitcoin Could Potentially DestroyU.S.Dollar

Avatar newsbtc 6 years ago
Ron Paul Congressional Portrait

Source: United States Congress

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.

[via CNN]

Tags: BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Nexo

Instant loans by local bank transfer using your crypto as collateral without selling it. Earn up to 8% interest per year on your Stablecoins & EUR.

Ad
KuCoin

Kucoin is the most trusted crypto exchange with 200 tokens.

Ad
Show comments