Is bitcoin the new gold standard? Ron Paul says not yet

Published: August 6, 2019 | by Bitcoin Press News Team

Gold is often thought of as the go-to safe haven for investors, but with bitcoin’s recent success, is the cryptocurrency the new gold?

Former Texas Rep. Ron Paul says it’s doubtful.

"I think that [bitcoin] should be made available," Paul told Stuart Varney of FOX Business’ " Varney & Co ." on Tuesday. "[Bitcoin’s] history is short-term, so you don’t know. Gold has a longer history, like 4-, 5-, 6,000 years. People have depended on it to maintain wealth." Paul said the biggest problem people encounter when trying to maintain their wealth is whether they have enough freedom."In the Depression, people […]