Expert: Bitcoin Is an Alternative to US Dollar Bubble

The beliefs of Ron Paul and the Libertarian party he was in partly provided the foundation for the emerging of decentralized digital coins, such as Bitcoin. Libertarians stand for freedom in all aspects of life and they are skeptical about full trust in governmental authorities.

Dr. Paul, as he is usually addressed, has been a critic of the Fed Reserve system for a long time, believing that this US central bank is pushing the country towards huge economic troubles with social problems to follow.

In a recent interview, Dr. Paul states that the USD is a bubble and that he expects the global economy to face a new financial recession. Compared with it, the crisis of 2008 will seem like a walk in a park. He also speaks about that in his book “End the Fed”.

In the interview, he compares USD to a time bomb that is about to destroy itself.

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