Ron Paul wants people to decide if Bitcoin can legally compete with the US dollar.

Former US Congressman Ron Paul said he wants to legalize bitcoin against the US dollar, including bitcoin, and let other non-governmental people decide which currency to use. “Freedom of choice will solve this problem,” he said.

Ron Paul wants to legitimize Bitcoin as a currency to compete with the dollar.

Former presidential candidate Ron Paul discussed Bitcoin as another asset with Kitco News' Michelle Makori during a meeting on Wednesday. Paul is a retired American writer, physicist, and politician. Former Texas President and CEO Ron Paul Liberty released a report in 2015, which provides recommendations and critiques of the top life and financial reasons outlined on his website. .

When asked what he thinks of bitcoin, Paul replied that he knows more about coins than cryptocurrencies.

"People always want to have enough freedom and choice," he added. He then explained the bill presented to Congress. He explained that the current government would not allow him to compete with the national currency.My goal is to focus on competing with the dollar: People will solve this problem, as will freedom of choice. "

"What worries me is that the government has been aware of its commitment to financial management for many years. Believe me, it will not abandon financial management," he added.

Paul asked what the legal contest meant. "Now when you buy and sell gold, you pay taxes, and the government does. When you make money with bitcoin, you see other people paying taxes. Money can't pay taxes, and you don't pay taxes," he said. he said.If you bought a dollar a year ago and it has lost 10%, you cannot lose the value of the price."

Paul will also be discussing Bitcoin at his Friday 2021 conference. Addressing the conference, he said, “I will say more about the law of free choice, because the decision must be made by the people, not the government. .

He admits that some people are very passionate about bitcoin and believe it exists and is the only currency that can convert money."I think the dollar will be there, but it won't have much value," he said.

However, it shows that fiat currency will not require you to use them, allowing you to exchange cryptocurrencies for cash. There will be a policy against that. However, I wish to abide by the rules (this agreement).

he also believes"I don't think our problem is with the gold standard or with cryptocurrency technology. I think that's where we belong to government and less to personal independence. Do [people ] think "It's the right thing to do."