Former congressman Ron Paul just picked up his first Bitcoin during the Litecoin Summit in Las Vegas. The crypto-friendly former US presidential candidate received the Bitcoin (BTC) from Bobby Lee, the co-founder of BTCC, China’s first Bitcoin exchange, and founder and chief executive officer of Ballet, a startup designed to drive global adoption of Bitcoin and cryptocurrencies.
Lee gave Paul the Bitcoin, worth about $9,300, on a Ballet wallet.
Ballet produces a wallet that allows users to store popular cryptocurrencies. It supports the three largest by market cap – Bitcoin, Ethereum and XRP – as well as Litecoin, currently the sixth-largest crypto. The wallet stores the assets off-line to keep them secure against online hackers. Users can also enable Ballet Crypto, an optional app, for sending assets, checking market values and activating additional currencies.
— Bobby Lee – Ballet: Simple & Elegant Wallet (@bobbyclee) November 2, 2019
Paul believes in the separation of money and state. Earlier in the week, he gave a presentation at the Litecoin Summit where he spoke about the overwhelming power of governments.
“Two things that they have done with money – they’ve monopolized money and the monetary process.”
He says the real opportunity for innovators is to “eliminate the whole concept of central banking.”
Speaking to Litecoin and crypto enthusiasts and blockchain developers, Paul says,
“A group like this is much further along about the conditions of society – morally,