Former U.S. congressman and long-standing liberty advocate, Ron Paul, articulated his support for bitcoin during a conversation with Bitcoin Magazine’s Pete Rizzo. Since the 1970s, when the U.S. decoupled the dollar from gold, Paul has championed sound monetary principles. Viewing bitcoin as an extension of his advocacy for financial freedom, he promotes the need for individual control over finances, free from government oversight.

Throughout the interview, Paul highlighted the perils of current economic policies, branding today’s environment as the “biggest bubble ever” due to rampant government spending and unchecked money printing. He underscored the persistent devaluation of the dollar and envisaged bitcoin potentially evolving into a recognized unit of account.

Despite the hurdles, Paul’s optimism for bitcoin’s role in fostering financial independence remains unshaken. He stresses the importance of educating the public on liberty and sound monetary practices, encouraged by the enthusiasm and receptiveness of younger generations toward cryptocurrency.