US Congressman Suggests That Crypto Should Be New Gold Standard

US Congressman Suggests That Crypto Should Be New Gold Standard

Congressman Madison Cawthorn has taken to Twitter to propose using cryptocurrencies as the new gold standard.

Why do we not use cryptocurrency as the new gold standard?— Rep. Madison Cawthorn (@RepCawthorn) September 30, 2021

The North Carolina Republican has joined other conservatives who have recently come out in support of cryptocurrencies.On Wednesday, Josh Mandel, one of the leading candidates for the state of Ohio, claimed that America had to “double down” on Bitcoin. Blake Masters, another Senate hopeful from Arizona, proposed adding the largest cryptocurrency to America’s strategic reserves.

As reported by U.Today, former Facebook executive Chamath Palihapitiya recently opined that Bitcoin had replaced gold.

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