Ron Paul describes Gold and Bitcoin as competition to the U.S Dollar
Ron Paul, former Congressman and the godfather of liberty, stated that Bitcoin should not be taxed, conceding that it is a form of money.
With Bitcoin having confronted administrative pressing factors in Turkey and China, investors are concerned if more significant speculation limits will be put on the crypto in the U.S., particularly now that the recently elected Chair of the SEC, Gary Gensler, has reported that new guidelines will be in transit.
Paul described Gold and Bitcoin as money and “competition” to the U.S. Dollar. He accentuated that the primary reason investors explore alternative forms of money is to hedge against the dwindling value of the U.S. dollar. He said,
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