Ron Paul: Bitcoin should be legalized as money, let it compete with Dollar

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With Bitcoin having dealt with regulative stress in Turkey as well as China, investors are worried if even more policies will certainly be positioned on the cryptocurrency in the U.S., especially since the recently assigned Chair of the SEC, Gary Gensler, has introduced that new laws will get on the method.

Former Congressman Ron Paul claimed that Bitcoin is a form of cash, and also money should not be regulated.

" Right now, if you deal gold, you get it tired, they can do that. If you make a profit in Bitcoin, you check out stories concerning individuals being taxed on it. You can't tire money, you don't exhaust it. If you purchased a dollar a year ago as well as it decreased 10%, you can't take a loss since your buck lost value," Paul informed Michelle Makori, editor-in-chief for Kitco News.

0:00 – Inflation
4:24 – Fed financial policy
11:20 – Fed audit
14:23 – Monetary system collapse
16:40 – Bitcoin as an alternative property
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