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top-crypto-news Bitcoin

Bitcoin can protect Americans because “it can&#8217t be created out of thin air” says Heritage Foundation president

May 25, 2022
Reading Time: 3 mins read
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What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

The president of Heritage Foundation , Kevin Roberts, claims that Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. can protect Americans and that it is very positive.

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***

  • Kevin Roberts says Bitcoin can protect Americans.
  • Defined Bitcoin as “the most destructive innovation in a positive sense”.
  • Argues that Bitcoin “you can’t create out of nothing”.

Even with the current fall in prices, the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. market an area or arena, online or offline, in which commercial dealings are conducted. remains for many a future-proof alternative to the current inflationary situation in the world. In fact, the United States, a country that had managed to control it, now has its highest inflation a general increase in prices and fall in the purchasing value of money. levels since 1982: the dollar is worth less and less.

In view of this, the Heritage Foundation, an American foundation created in 1973, based in Washington D.C., which plays a leading role in the conservative movement in the United States and studies the public policies of their country, has given its position on crypto, in the mouth of its main leader.

The president of the Heritage Foundation, Kevin Roberts, participated in a panel discussion yesterday entitled Bitcoin and the American Experiment during which he expressed his views on Bitcoin and how it can serve as financial protection.

Roberts’ reasoning was that:

“Bitcoin can protect Americans since it can’t be created out of thin air.”

He also defined Bitcoin “as the greatest destructive innovation in a positive sense”, ratifying that it can protect the citizenry.

It is worth noting that the Heritage Foundation has spoken out against the closed stance of the U.S. Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission. (SEC) about crypto. In his blog he stated that:

“After years of numerous applications from responsible applicants, not a single Bitcoin exchange-traded fund has been approved, even as much riskier commodity derivatives were jubilantly given the green light.”

The position of Lummis, Saylor and Cruz

The opinions of the president ofHeritage Foundation were shared by the other participants on the panel, including U.S. Senator Cynthia Lummis, who, is about to present (supposedly this week) its draft law that would integrate digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets into the U.S. financial system.

Lummis argued that the regulatory framework in favor of cryptocurrencies would bring order to the crypto ecosystem, which he called “absolutely amazing”, without slowing down innovation. According to her, Bitcoin was a phoenix that would rise and the announced bill would detail the different parts of digital assets and products.

Roberts and Lummis were joined by the chief executive officer of MicroStrategy, Michael Saylor, U.S. Senator Ted Cruz, and Peter St. Onge, an economic policy researcher at the U.S. Department of State.The Heritage Foundation.

Saylor said about Bitcoin: “The American dream is about property rights, sovereignty, freedom, then you can move the energy and economics of your life savings into cyberspace.”

The keynote speaker at the event, Ted Cruz, described Bitcoinas a truly remarkable innovation. The senator stated that with the introduction of Bitcoin, money no longer had to be a government monopoly . “Through blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. and distributed records, everyone now has access to money.” said U.S. Senator Ted Cruz.

Aquí se pueden escuchar las participaciones en el evento:

Bitcoin and the American Experiment https://t.co/kcyRYge24b

— Heritage Foundation (@Heritage) May 23, 2022

Sources: Twitter, Coincodecap , Finbold , archivo

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