Kentucky Senator Rand Paul suggested that cryptocurrency could become the “reserve currency of the world” as state-backed currencies such as the United States dollar are increasingly inflated by central banks determined to print enough money to fund massive coronavirus spending packages.
Paul made the prediction in an upcoming HBO documentary, a clip of which was published on Friday.
The libertarian-leaning Republican is one of a handful of US government officials and senators to speak positively of crypto, with some legislators misunderstanding it or viewing it as a threat to the United States dollar.
