Ron Paul has for decades been one of the biggest critics of the Federal Reserve Banking system in the Congress of the United States. A new interest rate increase in the Fed system that brought him now to his Followers to Support Bitcoin.
Bitcoin News: Ron Paul urges to end the Federal reserve system – Bitcoin it is intended to replace
The Fed System is facing its end, at least when it comes to Ron Paul. The Republicans and declared Libert Aryans used to stand for the re-introduction of a gold-backed currency, but is now also a Bitcoin Fan.
The next recession or the next financial crash will be the end of the Federal Reserve Banking system, believes Paul. Through tax-free transactions with crypto coins and precious metals, the politician wants to engage in the already now turn, and, at least in the US a monetary Revolution to start.
With Paul’s foray in the Bitcoin of its actual Vision is approaching. However, volatility and transaction are currently fees are just too high, so that the BTC could replace the Fiat currency of an entire country. The entire market of Cryptocoins – inclusive fees-free Altcoins – this could create.