These 3 US Presidents Would Have Bought Bitcoin: Historian
As Presidents’ Day is celebrated in the United States, it prompts speculation about whether previous leaders of the country would have been interested in Bitcoin (BTC).
While the current President Joe Biden and his predecessor Donald Trump have shown skepticism towards cryptocurrency, there are historians who believe that some former presidents may have embraced it.
Luke Nichter, a presidential history expert from Chapman University, identified three names from earlier eras who could have been open to Bitcoin.
Nichter clarified that he doesn’t believe any US president would have recognized Bitcoin as an official currency, as introducing a new form of money is typically met with resistance from those in power.
However, he identified presidents who, due to their perspectives and tendencies, might have been more tolerant towards Bitcoin and even invested in it themselves.
The first president on the list was Andrew Jackson, the seventh president who served from 1829 to 1837.
Jackson was known for his populist approach and his disdain for the financial elites of his time.
His opposition to the early version of the Federal Reserve suggests that he might have sympathized with those who shared similar views, such as Bitcoin enthusiasts who challenged the existing financial system.
Richard Nixon, the 37th president, was the next name mentioned by Nichter.
Nixon’s decision to take the United States off the gold standard in 1971 showcased his willingness to challenge conventional currency systems.
This unconventional move suggests that Nixon might have been open to exploring alternative forms of currency, including cryptocurrencies.
Additionally, his own paranoid disposition aligns with the mindset often associated with Bitcoin enthusiasts.
