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GOP Senate Candidate Says U.S. Government Should Buy Bitcoin

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Mon, 09/27/2021 - 19:30
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Alex Dovbnya
The Senate hopeful wants the U.S. to take a stand against China by adopting Bitcoin as a reserve currency
GOP Senate Candidate Says U.S. Government Should Buy Bitcoin
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Blake Masters, chief operating officer at Thiel Capital, claims that the U.S. government should purchase Bitcoin as a strategic reverse asset after China moved to ban it (again).    

Masters, who’s currently running for a US Senate seat to represent the state of Arizona, also announced that his campaign now accepts donations in the largest cryptocurrency:

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Masters will have to face off Arizona’s Attorney General Mark Brnovich, solar power businessman Jim Lamon, and other candidates during a Republican primary race.  

The venture capitalist has been endorsed by billionaire Peter Thiel and Fox News host Tucker Carlson since announcing his Senate bid in early July.

The Arizona race might help the GOP to recapture its Senate majority if one of the candidates manages to knock off former astronaut Mark Kelly in 2022.

As reported by U.Today, retiring GOP Sen. Pat Toomey recently called China’s “authoritarian crackdown” on crypto “a big opportunity” for the States:

It’s also a reminder of our huge structural advantage over China.  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.