Rand Paul Discusses Bitcoin and Alternative Currencies

In a Bloomberg article from February 12, Senator Rand Paul discussed his views on Bitcoin and other alternative currencies. He stated that his concern with Bitcoin “was whether or not something has real value. I could imagine a kind of coin that was exchangeable.” He felt that if Bitcoin, “Wal-coin,” or a similar company currency was exchangeable for stock in that company, it would give real value to the currency. That currency would, in Sen. Paul’s opinion, raise profit margins for those companies, which he believes would be an interesting prospect.

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