Dr. Ron Paul has always held a strong position with gold as being "real money", and he is a longtime critic of fiat currencies, but cryptocurrencies, Bitcoin, in particular, has not gotten much attention from Dr. Paul over the years. He admitted that he is "not a computer person", but has praised Blockchain technology and has grown fond of it as he has learned more about the advancements in its security. Dr. Paul defended Bitcoin in stating, "I think what Bitcoin offers: An alternative. I want a free marketplace."
Governments such as the United States, China, and Russia have held very conservative opinions about Bitcoin, and some politicians are even calling to ban cryptocurrencies altogether which is a big worry to any free market, or cryptocurrency enthusiast. "There will be hostility but it will be more dignified. They will work behind the scenes and put in roadblocks if they can. The more successful that cryptos are, the more the government will get involved.", warned Paul. Cryptocurrencies have begun to take a more political tone, but many enthusiasts fear that politicians are far too ignorant about the technology to be able to make responsible policy decisions.
Dr. Ron Paul expands on politicians attempting to ban cryptocurrencies within the interview. These politicians, according to him, retain a jingoist mindset about defending the United States Dollar in global affairs. Ron Paul says that the "[US] Dollar is going to self-destruct" to the notion that people shouldn't "mess with the dollar". Ron Paul believes that there should be regulators, but questions the validity of anyone being capable of regulating cryptocurrencies without destroying individual liberty. It would go against his ideals of freedom to support the government regulating the free exchange of goods, no matter how the government perceives packets of data transfers.
Ron Paul completes the interview stating that he doesn't own cryptocurrencies although he does accept cryptocurrencies at his foundations. Ron Paul still retains the belief that private property and gold are the best investments to secure a future, but cryptocurrencies are the alternative.
