Rand Paul Says That Cryptocurrencies Could Replace The US Dollar As The Global Reserve Currency In A Matter Of Years

SHARE:

Rand Paul Says That Cryptocurrencies Could Replace The US Dollar As The Global Reserve Currency In A Matter Of Years

Senior US politician Rand Paul, a Republican senator from Kentucky, has stated that he believes that it is possible that cryptocurrencies such as Bitcoin could replace the US Dollar as the world's reserve currency.


Paul made the statements while being interviewed for Axios on the HBO broadcast network.


Paul said:


"I've been amazed at the growth of it and I've always been, you know, more a person who believed that our currency should be backed by something of real value like gold or silver or commodities, and always was wondering well crypto is not backed by anything either."


Adding:


"But here's what I've started to believe now is that the government currencies are so unreliable, they're also fiat currencies, they're not backed by anything. The dollar has been more stable than most other countries and so it is the reserve currency… I've started to question now whether or not cryptocurrency could actually become the reserve currency of the world as more and more people lose confidence in government. I guess I'm more concerned with government snooping into our private bank accounts, whether it's cryptocurrency or your bank account."


The US Dollar is widely accepted as the world's reserve currency. This means that it is widely accepted everywhere and is used to facilitate transactions, even those out with US territory and jurisdiction. This is also highly beneficial to the US as it gives the US economic advantages over other nations. However, the US Dollar is also not backed by anything other than faith, meaning it could be replaced as a global reserve currency should faith be lost in the currency, or a more reliable exchange tool becomes available, such as cryptocurrencies.


Cryptocurrencies, particularly Bitcoin, have gained in popularity in recent years, often used by criminals in order to carry out illegal exchanges. However, they are also seen as a potentially lucrative investment and many major businesses and financial institutions have now invested in crypto, including Tesla, who in 2021 bought over $1 billion worth of Bitcoin. These financial institutions and respected businesses investing heavily have greatly increased the respectability of the crypto-world.


[Based on reporting by: Market Watch]


Ways to buy #Bitcoin and other #crypto like #Ethereum ( #ETH) , #Cardano ( #ADA) , #BNB and more: Join #Binance, the biggest exchange in the world, buy, earn and spend crypto with their Visa Debit Card: https://accounts.binance.com/en/register?ref=13380876


Join #CryptoCom , Use our referral link https://crypto.com/app/m524bfdwja to sign up for Crypto.com and we both get $25 USD 🙂 You can earn interest and use their Visa Debit Card.


Sign up with our referral link and earn up to 100 Euros in free #CHSB to kickstart your crypto portfolio with #SwissBorg with your first transfer of 50 Euros! You can also earn up to 20 % per year on your USD. https://join.swissborg.com/r/alkimoKOWX


Use our referral link https://blockfi.com/?ref=51dbf398 to join #BlockFi and we both get $10 in BTC. Earn 5 % interest per year on your Bitcoin.


Join #Celsius Network using our referral code 118223bf09 when signing up and earn $20 in BTC with your first transfer of $200 or more!


Earn passive income on many cryptocurrencies!


https://celsiusnetwork.app.link/118223bf09


Join #Nexo , a great app to earn passive income, and earn $10 https://nexo.io/ref/d5js2kmhbw


Join #FTX, one of the best cryptocurrency and derivatives exchange: https://ftx.com/#a=16627416


💥Every revolution needs a leader💥Use our referral link to join and start trading on #Bittrex https://bittrex.com/Account/Register...


COMMENTS

Name

Activism,1306,Art,788,BLM,22,Consciousness,1545,CoVid-19,152,Cures,227,Do it Yourself,112,Documentaries,72,Environment,1429,Fiction,2,Health,745,History,447,Human Intelligence,553,Inspirations,2,Inspiring Stories,4101,Justice,531,Mental Health,15,News,1039,Nutrition,217,Philosophy,309,Photography,1585,Quantum Physics,29,Quizzes & Tests,145,Quotes,113,Relationships,780,Science,1097,Self Improvement,837,Spirituality,248,Sustainability,246,Technology,473,Truth,754,
ltr
item
Thinking Humanity: Rand Paul Says That Cryptocurrencies Could Replace The US Dollar As The Global Reserve Currency In A Matter Of Years
Rand Paul Says That Cryptocurrencies Could Replace The US Dollar As The Global Reserve Currency In A Matter Of Years
Senior US politician Rand Paul, a Republican senator from Kentucky, has stated that he believes that it is possible that cryptocurrencies such as bitc
https://blogger.googleusercontent.com/img/a/AVvXsEjElWQuMOgLqlvIriUitNcp0gbYd1QI0hQ1FuUNOKUXJXdWb7NrZeMC6th6d31AFMP3qnXwZXeCpnSPKtyk0_VB2wjOBeC0mpDVU4IcNTb6KQk3G4MjMUcY5TxH7KaWfAqCndW0Q2Ah3kvO1BA3DWhIZ7gG1n_IIT_0oUUoqdbtq0VxjiJ48TVia-JSSw
https://blogger.googleusercontent.com/img/a/AVvXsEjElWQuMOgLqlvIriUitNcp0gbYd1QI0hQ1FuUNOKUXJXdWb7NrZeMC6th6d31AFMP3qnXwZXeCpnSPKtyk0_VB2wjOBeC0mpDVU4IcNTb6KQk3G4MjMUcY5TxH7KaWfAqCndW0Q2Ah3kvO1BA3DWhIZ7gG1n_IIT_0oUUoqdbtq0VxjiJ48TVia-JSSw=s72-c
Thinking Humanity
https://www.thinkinghumanity.com/2021/10/rand-paul-says-that-cryptocurrencies-could-replace-us-dollar-as-global-reserve-currency-in-matter-of-years.html
https://www.thinkinghumanity.com/
https://www.thinkinghumanity.com/
https://www.thinkinghumanity.com/2021/10/rand-paul-says-that-cryptocurrencies-could-replace-us-dollar-as-global-reserve-currency-in-matter-of-years.html
true
7064777598104498166
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy