Ron Paul Pledges Allegiance to Bitcoin, Calls Crypto a ‘Great Idea’

In the early days of Bitcoin, there was a lot of crossover between the wider libertarian community led by Ron Paul and the Bitcoin believer category.

Paul Diverges from Trump on Crypto

Ron Paul, often a presidential candidate in the libertarian movement and noted opponent of policy he views as encroaching on liberty, popped up on CNBC’s Squawk Box recently to call cryptocurrencies a “great idea.”

Paul, a long-time supporter of gold and precious metals, eventually came around to the idea of Bitcoin. From time to time he expresses support for BTC and occasionally polls his followers about it.

When it comes to Facebook’s Libra project, Ron Paul “has a strong opinion” that he doesn’t know what’s going to happen with it.

He further commented that because he “likes competing currencies,” he’s all for cryptocurrencies and in favor of whatever Facebook is cooking up.

“Historically, governments always have to have a monopoly control over money and credit….