Bitcoin [BTC] and crypto-ban highly unlikely as US Dollar will self-destruct, says Ron Paul

The debate regarding the prominence of Bitcoin [BTC] and it potentially overtaking the Dollar in the has become heated recently, with various personalities in the ecosystem giving their thoughts on the coin’s dominance.

Ron Paul, a former Congressman, is of them and created waves after he recently sat down with Bitcoin Magazine and stated that the end of the US Dollar was inevitable.

During the interview, Paul mentioned that he did not particularly understand the technical aspect of a blockchain, but was highly “fascinated” by Bitcoin, it’s market volatility and wild unpredictable price surges.

Paul stated,

“I’m interested in what happens when the market crashes and I are interested in preserving an environment where can have alternative ideas that might help solve the problems we have. I think that’s what bitcoin offers: an alternative. I want a free marketplace.”

When questioned about Congressman Sherman’s comments abut a ban on cryptos, Ron Paul replied that he did not have the “clout,” because he was over the top. Ron added that he felt a ban on crypto was highly unlikely.

He further said,

“He’s speaking for the deep state establishment, military and everyone else in the banking system. He’s representing their position that “You don’t mess with the dollar.” But I don’t worry about that because the dollar is going to self-destruct.”

Ron Paul also weighed in with respect to Grayscale’s Drop gold campaign, remarking that “they were missing the whole point”. He emphasized on the point that if started utilizing Bitcoin during a crisis, they would still use gold and not entirely dump it all.

Finally, Ron Paul added that the general consensus towards the use of Bitcoin had generally grown with time, as gained more confidence in the digital asset. He stated that it was important that the number of Bitcoin [BTC] buyers remain consistent in the market.

The post Bitcoin [BTC] and crypto-ban highly unlikely as US Dollar will self-destruct, says Ron Paul appeared first on AMBCrypto.

Post written by our friend Biraajmaan Tamuly and Syndicated from ambcrypto
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