Ron Paul Warns of Government Crackdown on Bitcoin Is the Government a Threat?
- Former presidential aspirant Ron Paul predicts doom for Bitcoin and other safe-haven assets.
- In an interview, Paul warned of a nationwide Bitcoin crackdown from the government and its agencies.
- The manner of the crackdown may be shrouded behind a veil of heavy taxation or through the government printing money to devalue the currency.
- The buzz around Bitcoin is becoming increasingly hard to ignore as Wall Street behemoths, corporate giants and retail investors all scramble for a piece of the crypto pie.
Four months into 2021 and Bitcoin has continued its meteoric rise since the start of the year, as investors and government agencies pay rapt attention to cryptocurrency.
Spurred by institutional investments from MicroStrategy, Tesla (NASDAQ:TSLA) and Wall Street, Bitcoin reached an all-time high of $61,683 in March and currently hovers around the $58,000 mark.
In light of this, Ron Paul warned of a looming government crackdown on Bitcoin and other safe-haven investments in the near future, which could be in the form of increased taxation or pumping more dollars into circulation.
Imminent Government Crackdown on Bitcoin