[Analysis] ‘The dollar is going to self destruct’: talking Bitcoin with Ron Paul

Bitcoin Magazine sat down with Libertarian superstar and ex-Congressman Ron Paul, asking him about his position on Bitcoin ($BTC), particularly in light of Rep. Brad Sherman's (D-CA) recent comments on banning cryptocurrencies. Paul, leaning into his Austrian economics background, said alternative currencies should be allowed to grow and develop, especially in light of his belief in the impending destruction of U.S. dollar hegemony. Paul believes government action against Bitcoin will be slow and not an outright ban like Sherman called for. Paul does not own any Bitcoin himself and argues that gold will remain a viable alternative in a post-crash market.

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