Former U.S. Congressman Ron Paul cautions government could still ban bitcoin
03/20 01:51
According to News.bitcoin, former U.S. Congressman Ron Paul says he still believes that the government could outlaw bitcoin mainly because he is “influenced a whole lot by history and the gold history”. “My concern is that governments over centuries have been notoriously very eager to have control of the money. Believe me, they will not give up control of money,” he described. Nonetheless, Paul emphasized: “But that doesn’t sway me from arguing the case for those who know about crypto, who understand it better than I do, that it should be obviously permitted. But a lot of people don’t understand it so I would be cautious.” In June last year, the former congressman said he wants bitcoin to be totally legalized to compete with the U.S. dollar and let the people decide.
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