Bitcoin.com News: Peter Schiff praises Bitcoin donations for Ron Paul's 90th birthday, calls them "something useful".

Bitcoin.com News: Peter Schiff praises Bitcoin donations for Ron Paul's 90th birthday, calls them "something useful".

Supporters of cryptocurrencies zano (ZANO) and freedom dollar (fUSD) have donated $100,000 to honor Dr. Ron Paul’s 90th birthday, marking a significant milestone in the ongoing Ron Paul Money Bomb initiative [1]. The donation, which celebrates Paul’s lifelong advocacy for sound money and individual liberty, underscores the growing influence of cryptocurrencies in the realm of financial freedom.

Freedom Dollar (fUSD), a decentralized stablecoin operating on the Zano blockchain, embodies Paul’s principles by offering a privacy-focused alternative to traditional payment systems. The stablecoin maintains a stable value pegged to the U.S. dollar, utilizing advanced cryptography to obscure transaction details [1]. Zano, developed by former Monero creators, employs ring signatures, stealth addresses, and confidential transactions to hide sender, receiver, amount, and asset type by default. Its hybrid consensus mechanism (Proof-of-Work/Zarcanum Proof-of-Stake) prioritizes security and scalability [1].

The $100,000 donation, which supports the Ron Paul Money Bomb campaign, highlights the increasing acceptance of cryptocurrencies as tools for financial sovereignty. The funds will go towards causes aligned with Paul’s philosophy of limited government and monetary freedom [1].

Peter Schiff, a prominent economist and gold advocate, praised the Bitcoin donations for Ron Paul’s birthday, calling them “something useful” [2]. Schiff’s comments reflect the broader recognition that cryptocurrencies can serve as a means to circumvent traditional financial systems and advocate for economic freedom.

The new 39% US tariff on Swiss gold bars, announced on July 31, 2025, is expected to disrupt global gold markets [2]. Economist Peter Schiff warns that the tariffs could cause a surge in prices as market participants rush to cover short positions on the COMEX [2]. This development underscores the volatility and geopolitical risks in the gold market, highlighting the importance of diversifying investment portfolios.

In conclusion, the Bitcoin donations for Ron Paul’s 90th birthday demonstrate the growing acceptance and utility of cryptocurrencies in advocating for financial freedom. The donation also underscores the potential of cryptocurrencies to challenge traditional financial systems and offer alternatives for those seeking privacy and sovereignty in their transactions.

References:
[1] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=ron-pauls-90th-birthday-spurs-100k-freedom-dollar-donation
[2] https://economictimes.indiatimes.com/markets/commodities/news/trumps-39-tariffs-on-gold-bars-to-wreak-havoc-on-comex-peter-schiffs-explains-how/articleshow/123183447.cms?from=mdr