Musician Akon says Bitcoin is better than the “military-backed” US dollar

posted 11 months ago
Famous singer and rapper Akon spoke regarding Bitcoin’s value and said “Nothing backs the dollar. The US doesn’t have natural resources that back the dollar. What they do have is the military.” Akon spoke in favor of decentralization and the trustless blockchain-based mechanisms that secure and underpin the value of Bitcoin.

National fiat currencies have long ceased to be backed by physical commodities or natural resources, he noted, going on to argue that the United States dollar is ultimately sustained by only convention and military might. He is bullish on Bitcoin because it’s the people — not the vested interests of national governments — that wield control over its value.
Tags: opinion, news, blockchain, bitcoin