- We will have less clout as the world’s reserve currency issuer, and this trend has already begun. It was never given much credit as a reserve currency. We didn’t get blown to smithereens, but we still had a lot of wealth, all the gold, all the directives, we controlled the IMF and the World Bank, we founded NATO, and we’ve been governing our empire that way ever since.
- According to a report published on March 19 by Bitcoin.com, when asked if he believes Bitcoin would be banned one day, he said: I do, primarily because I’m influenced by history, particularly gold history, as well as my interest in researching money and some of the notions taught by Austrian economics about what the nature of money should be.
- But that doesn’t stop me from proposing that it should be clearly permitted for those who know about crypto and understand it better than I do. But because a lot of people don’t get it, I’d be wary. He went on to say: I’ve been pondering whether [bitcoin] is more like to a stock, a bond, or a hard asset commodity. Looking at several information, it appears to be tracing stock prices right now.
Dr. Ron Paul, a Texas Libertarian and three-time presidential candidate (in 1988, 2008, and 2012), believes that the chance of Bitcoin being banned one day still exists, while arguing that crypto should clearly be allowed. During an interview with Kitco News on March 18, Paul explored the future of the US currency and Bitcoin. To Michelle Makori, Editor-in-Chief of Kitco News, Dr. Paul had this to say regarding the dollar:
Clout As The World’s Reserve Currency Issuer
We will have less clout as the world’s reserve currency issuer, and this trend has already begun. It was never given much credit as a reserve currency. We didn’t get blown to smithereens, but we still had a lot of wealth, all the gold, all the directives, we controlled the IMF and the World Bank, we founded NATO, and we’ve been governing our empire that way ever since.
There’s also the subjectivity of it: a country’s riches, how much wealth is in the country, and other factors contribute define the currency’s value. However, if you keep creating [money], it will lose its value, and that is what is happening now.
Austrian Economics About What The Nature Of Money Should Be
According to a report published on March 19 by Bitcoin.com, when asked if he believes Bitcoin would be banned one day, he said: I do, primarily because I’m influenced by history, particularly gold history, as well as my interest in researching money and some of the notions taught by Austrian economics about what the nature of money should be.
But that doesn’t stop me from proposing that it should be clearly permitted for those who know about crypto and understand it better than I do. But because a lot of people don’t get it, I’d be wary. He went on to say: I’ve been pondering whether [bitcoin] is more like to a stock, a bond, or a hard asset commodity. Looking at several information, it appears to be tracing stock prices right now.
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The post <strong>Ron Paul The Past Presidential Contender Inside The United States Thinks Cryptocurrencies May Yet Become Outlawed</strong> appeared first on The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News.
Source: https://www.thecoinrepublic.com/2022/03/30/ron-paul-the-past-presidential-contender-inside-the-united-states-thinks-cryptocurrencies-may-yet-become-outlawed/