After 40 Years of Looking, Ron Paul Finds Bitcoin
And then it came: Bitcoin.
Paul was first asked about his views on Bitcoin in early 2013. He was generally unfamiliar with blockchain technology, and famously said, “If I can't put it in my pocket, I have reservations.” But unlike so many Luddites, Paul didn't dismiss Bitcoin for good. He just held back from making decisive statements. (In other words, he did what intelligent people do when they know they're under-informed about something.)
Many of Paul's supporters took his reticence about Bitcoin as a signal to return to their go-gold-or-go-home stance. Others said that Paul would come around eventually, once he'd gotten an education in cryptocurrency.
It now seems that the latter were correct.
Voices of Liberty (formerly the Ron Paul Channel) recently released the interview below, which features Paul and a representative from Coin.mx bantering about crypto. The interview is actually a three-part series, and Paul reveals himself as having done a great deal of Bitcoin homework between 2013 and now.
This interview series marks a serious shift in the “sound money” movement that Ron Paul is largely responsible for. Though he lobbied unsuccessfully to “end the Fed” for decades, it would seem that his personal economic beliefs were proven true in the end: governments don't solve problems. Markets do.