Bitcoin embodies America’s founding principles: Human Rights Foundation
Alex Gladstein – CSO at the Human Rights Foundation – believes bitcoin symbolizes some of the values of the United States based on the Declaration of Independence: freedom of speech, property rights and open capital markets.
He argued that the primary cryptocurrency could thrive in democracies and struggle in totalitarian countries.
“It’s economic privilege”
In a recent episode of Simply Bitcoin, Alex Gladstein presented himself as an ardent advocate for the leading digital asset and pointed out its key benefits. He believes it can fix broken democracies and give people an economic alternative during today’s turbulence.
Gladstein sees it as an embodiment of freedom, free speech and decentralization, meaning it can flourish in democratic nations. On the other hand, it has little chance of success in “tyrannies and police states” that prefer to monitor people and limit their monetary freedom.
“I think bitcoin fixes democracy… because I think democracies have been disabled and infected with fiat currency essentially, and I think they’ll be much better off on the other side, whereas I think tyrannies and police states are going to be very difficult time on the bitcoin standard.”
Some totalitarian countries he gave as examples are China and Russia. The former’s authorities imposed a blanket ban on all cryptocurrency operations in 2021, while the world’s largest nation by land mass is also quite hostile to the asset class.
Gladstein lamented that the US, more specifically the SEC, has been cracking down on the industry lately. In his view, domestic miners and developers will start migrating to other countries if the regulator does not soften its stance.
Despite becoming the first nation to declare BTC legal tender, Gladstein warned people to avoid El Salvador as a future travel destination due to the authoritarian political regime there:
“Just know that you are there for the ruler’s pleasure and as soon as they get tired of you, they are going to get rid of you.”
Bitcoin can eradicate communism
Francis Suarez – the mayor of Miami – shares a similar view, claim BTC has the “incredible power to liberate people” and the potential to democratize their choices. He also believes it can “peacefully eradicate communism on the planet.”
Under his rule, the financial heart of Florida has turned into a blockchain hub, while Suarez became the first American politician to receive his salary in bitcoin. Recently he has revealed that he keeps getting his earnings in BTC instead of dollars.
