Bitcoin Could Become World Reserve Currency, Says Senator Rand Paul
Bitcoin could rise to that spot as people keep losing faith and confidence in governments and their policies, Paul said.As people lose confidence in the government institutions, bitcoin could benefit and rise to become the world's reserve currency, Senator Rand Paul said."I've started to question now whether or not cryptocurrency could actually become the reserve currency of the world as more and more people lose confidence in the government," he said.Senator Paul has never publicly endorsed any cryptocurrency other than Bitcoin.Bitcoin could become the world's reserve currency if more....
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Randal Howard Paul, better known as Rand Paul, is a member of the Republican Party in the United Sates Senate. He currently holds the position of Senator for Kentucky. His issues range through a range of subjects. He has often been vocal about auditing the Federal Reserve on numerous occasions. And Rand has not only been wanting to audit the Fed, but to take it apart and see what is going on. "He's claimed that the Fed is over-leveraged 80 to 1." ~ Bloomberg. And Rand Paul is the first presidential candidate to accept donations in bitcoin. These will be going towards his 2016 presidential....
Bitcoin donations have been helping homeless people, Ebola patients, Edward Snowden, and hundreds of other causes. Now, bitcoin will be helping U.S. Senator Rand Paul fund his 2016 presidential campaign. Rand Paul’s decision to accept bitcoin sets himself apart from the rest other politicians in the US. Besides a few state-level politicians, Paul is the first political candidate to accept bitcoin for campaign donations. The first-term senator does not have to worry about legal issues accepting bitcoin either; the Federal Elections Commission voted 6-0 in 2014 to allow Bitcoin donations to....
Those of my fellow Bitcoin enthusiasts following news regularly might have heard about the recent move by Senator Rand Paul, the United States presidential candidate to accept campaign contributions in the form of bitcoin. This announcement is just the kind of encouragement Bitcoin is looking for. It has a potential to trigger wide spread adoption of Bitcoin at least in the United States. Rand Paul's announcement is equivalent to a high profile celebrity/candidate endorsement of Bitcoin. Even though it is a good way to keep up with the changing times, there are still genuine concerns about....
Fortune magazine published an interview with Kentucky Senator Rand Paul yesterday that touched on the senator’s thoughts regarding Silicon Valley and Bitcoin. The Bitcoin discussion came toward the end of the interview, and it was enlightening for two reasons. One, the senator appears relatively enthusiastic about Bitcoin as a currency. The senator also fails to grasp exactly how Bitcoin the protocol works. From the piece: [I]f I were setting it [Bitcoin] up, I'd make it exchangeable for stock. And then it'd have real value. And I'd have it pegged, and I'd have a basket of 10 big....