United States Presidential Race and Bitcoin Credibility

The US presidential candidate Rick Perry seems to have won the votes of Bitcoin community by declaring his softer stance towards Bitcoin. In an interview with The New York Observer, he declared that he is in favor of relaxing regulations on bitcoin to an extent that it doesn’t hamper innovation and allows smooth operation of legitimate Bitcoin businesses.

READ MORE: US Presidential Candidate Rick Perry Shows Support for Bitcoin

Rand Paul, the Kentucky senator and one of the contender for presidential elections in the United States first made waves in Bitcoin community after he announced that he will be accepting Bitcoin for campaign donations. Following Rand Paul, few other presidential candidates also started accepting Bitcoin donations for campaign funds.

READ MORE: Presidential Candidate Rand Paul Impresses at the NY Bitcoin Event

The increasing acceptance of Bitcoin as a form of financial instrument by US presidential candidates has helped the well-known digital currency gain some credibility among the masses in United States and beyond.

The Bitcoin scenario in different countries across the world shares one common challenge and that is increased mass adoption among people. While there are groups of people who live, breathe Bitcoin and are prepared to vouch for it at any time, they are very

Read more ... source: TheBitcoinNews