10 U.S. Politicians Who Moonlight as Undercover Bitcoin Bulls
Although many of Bitcoin’s users and supporters are excited about its politically disruptive possibilities, many ranking U.S. politicians have good things to say about the world’s oldest cryptocurrency. Here’s what some of them have to say.
1. Vice President Al Gore on Bitcoin
Don’t worry he didn’t claim credit for inventing it. But former Vice President Al Gore has had this to say about Bitcoin:
“I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government]… is actually pretty cool.”
2. Senator Rand Paul Accepts Bitcoin
U.S. Senator Rand Paul (R-KY) started accepting bitcoin for political campaign donations in 2015 for his 2016 senate reelection campaign and his bid for the Republican Party’s presidential nomination. Maybe he’d have raised enough money to win the nomination if so many bitcoin owners weren’t hodling.
3. U.S. Representative Justin Amash Defended Bitcoin in 2013
U.S. Rep. Justin Amash (R-MI) has balked at the notion Bitcoin is for criminals:
— Justin Amash (@justinamash) August 19, 2013
4. U.S. Representative Thomas Massie Is An Engineer Who Loves Bitcoin
At a libertarian convention in 2013, the U.S. Congressman was asked, “So if we get rid of the Fed, what will we replace it with?” Massie (R-KY) reportedly answered: “Bitcoin!”
Thomas Massie is also an MIT educated engineer who lives in a solar powered house in Kentucky that he built himself.
5. U.S. Representative Tulsi Gabbard Invested in Ether and Litecoin
U.S. Rep. Tulsi Gabbard (D-HI) supports a bill in Congress to provide tax and regulatory exemptions for the exchange of cryptocurrency tokens. But Gabbard actually might not have nice things to say about Bitcoin. In financial disclosures earlier this year she revealed she’s bought altcoins Litecoin and Ether– at the height of the crypto bubble. Oof.
6. New Mexico Governor Gary Johnson Is A Bitcoin Supporter
In the 2016 U.S. general election for president of the United States, neither Hillary Clinton nor Donald Trump accepted bitcoin donations. But former New Mexico Governor and Libertarian Party presidential candidate Gary Johnson did.
7. Colorado Governor Jared Polis Has Been An Outspoken Advocate for Cryptocurrency Since He Was in Congress
In 2014 on Fox Business, then U.S. Representative Jared Polis said this:
“If people are saying, ‘Look, we gotta ban Bitcoin because it’s somewhat anonymous and anonymous transactions can occur,” or ‘because it’s possible for criminals to use it.’ all of those arguments can be used to say, ‘Just ban dollars.’ … The government policy should be completely agnostic about what unit of exchange is used.”
8. Libertarian Party Candidate John McAfee Is A Bitcoin Bull
McAfee Associates Founder and creator of McAfee Antivirus Software, John McAfee ran for the Libertarian Party presidential nomination in 2016, and is running for president in the LP again in 2020- while on the run from the law for tax charges.
“I have a doctorate in point-set-topology. It predicts BC at $2,431,013 in 3 years. other math systems – between $1,900,000 and $2,600,00.”
I have a doctorate in point-set-topology. It predicts BC at $2,431,013 in 3 years. other math systems – between $1,900,000 and $2,600,00.
— John McAfee (@officialmcafee) July 17, 2017
Granted McAfee isn’t the most orthodox politician.
9. Starbucks CEO and Possible 2020 Independent Candidate Howard Schultz Is Looking Hard at Cryptocurrency
Howard Schultz says this about digital currency:
“I believe that we are heading into a new age in which blockchain technology is going to provide a significant level of a digital currency that is going to have a consumer application. And I believe that Starbucks is in a unique position to take advantage of that.”
10. U.S. Representative Ron Paul Was a Bitcoin Skeptic, But Now He Embraces Cryptocurrency
The former U.S. congressman from Texas, who served more than ten terms in the House of Representatives, ran for president as the Libertarian Party nominee in 1988, and made a big splash with his 2008 and 2012 bids for the GOP presidential nomination, says cryptocurrency could prevent another recession.
Why It Matters
No small part of the interest in bitcoin — especially very early on before its price gains went exponential — is in how it will disrupt political hegemony by limiting the power of governments to create, surveil, and control money. But only in a libertarian’s utopian fever dream will bitcoin ever likely tip the entire system over or bring a sudden end to the power and influence of a force of nature like the modern nation state.
But bitcoin could help restore a healthy balance as national governments themselves grow exponentially in their size, role, and influence, and the world’s most fearsome militaries use the swell of central bank money to rapidly deploy the latest advances in technology toward full spectrum dominance. Nature seems to have some kind of built in regulator that likes to throw out wild cards when the deck gets too stacked.
Bitcoin is one of those fortunate surprises.
Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.
Featured image courtesy of Shutterstock.