Ex US Congressman Ron Paul Got His First Bitcoin (BTC)

The former Republican congressman and presidential candidate Ron Paul recently received his (reportedly) first Bitcoin (BTC) from the Bitcoin Foundation and its board member and the founder of the wallet startup Ballet Crypto – Bobby Lee. The news broke on October 28, showing that the ex US congressman was given one Bitcoin, after which Lee confirmed the news himself.

Lee publicly announced the gift that he had given to Paul on November 2 and added that the coin has been loaded into a gold-plated Bitcoin wallet produced by his company Ballet Crypto. The cryptocurrency news also show that Lee said that extra care has been given to customizing the wallet to better suit the ex US congressman. He said:

“It was a special serial number AA000820 to match his birthday! And he loves the #Gold color.”

The wallets produced by Lee and his company are non-electronic physical wallets which are meant for cold storage and cryptocurrency – coming in a format which is similar to the one of a credit card. The ex US congressman got a Bitcoin wallet which matches these features – but also features the passphrase of the wallet under a scratchable layer.

Ron Paul received the gift at a lunch which took place at the Litecoin (LTC) summit 2019 and was hosted by the founder of LTC, Charlie Lee, who said that all three of them share some ideals.

“We are all #libertarian — personal liberty and #freedomofmoney.”

Meanwhile, the ex US congressman Ron Paul is known as an outspoken critic of the Federal Reserve and as a major advocate of gold. In July this year, Paul noted that he is in favor of cryptocurrencies and blockchain technology because he supports the competing currencies.

In late October, Paul was in the Bitcoin news for stating:

“Cryptocurrency either doesn’t work, in which case investors lose a lot of money, or it does achieve its objectives perhaps and displaces the U.S. dollar or interferes with the U.S. dollar being virtually the sole reserve currency in the world.”

Not all representatives of the United States share the opinion with the ex US congressman and his views. There are many ‘dollar maximalists’ as they are categorized. However, Paul thinks that the technology behind cryptocurrencies has created “infinite possibilities for technological innovation and privacy protections.”