Bitcoin is dominating the business news cycle once again. After making record gains like it did a few years ago, the media have renewed its interest in the peer-to-peer digital currency. Businesses are still looking to accept bitcoin, while a bitcoin ETF could make its way to the stock market.
A couple of years ago, former Texas Republican Congressman and three-time presidential candidate Ron Paul appeared on the Fox Business Network to discuss the cryptocurrency. The reporter asked if bitcoin will be the destroyer of the United States dollar, in which Dr. Paul replied that it will be the Federal Reserve being the architect of the greenback’s ruination instead.
Here is the video embedded below: