Episode Details

Sen Rand Paul, as usual, is way ahead of the curve. In 2015, Paul started taking campaign donations in Bitcoin. Rand Paul obviously likes Bitcoin.

Is Cryptocurrency the Road to Economic Freedom?

Flashforward to 2025: President Trump appointed cryptocurrency champion Paul Atkins to head the Securities and Exchange Commission. Atkins will oversee the agency tasked with regulating financial markets.

“Paul is a proven leader for common sense regulations. He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World,” Trump posted on Truth Social.

“He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.”

By “Greater than Ever Before,” Trump may mean more free than ever before. He is not a fan of regulations and cryptocurrency fits that bill. Trump's team may even be converting some of their treasury into Bitcoin.

Libertarians love freedom. Does Trump have libertarian leanings? Rand Paul does.

A Free Market Currency?

Kurt Wallace of the Rand Paul Review discusses the free market solutions that cryptocurrency provides with Anthem Hayek Blanchard of CryptoCurated.

Blanchard was named after Ayn Rand’s novel Anthem and the free-market economist Friedrich Hayek. Both Ayn Rand and Hayek would have welcomed cryptocurrency because it undermines the corruption inherent in administrative states.

In the interview, Wallace said, “Tyranny is corruption, the use of force against freedom. It's an obstruction of human interaction and natural rights.”

Administrative states–take the D.C. Swamp for example–necessarily obstruct human interactions and their natural rights.

That flies in the face of the Founding Fathers who insisted, “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness”

Liberty, by definition, demands unimpeded human interactions so long as they are not trampling on others' rights. Happiness demands the same.

Cryptocurrency un-obstructs human interactions.

“I think that's why it's so interesting for people that really love freedom and want to have the most liberty-style world,” Wallace continued. Crypto is “a form of communication.”

“Anyone that likes free market capitalism may want to consider having a form of exchange, a form of communication, that's totally free and doesn't have the restrictions that a federal reserve system might have.”

That all sounds good, but what exactly is cryptocurrency? Is it a philosophical concept or an actual asset? As it turns out, it is a bit of both.

Utopian Pragmatics?

The interview goes into depth about what crypto is and what it can do. Blanchard characterizes crypto as the great leveler that frees people from the corrupting influences of the administrative state.

It is a great leveler because technology–the internet–is ubiquitous. Almost everyone