Meet the U.S. Senate Candidate Who's Invested in Bitcoin Since 2013

A budget hawk and founding member of the Freedom Caucus, she first bought bitcoin in 2013 after a tip from her son-in-law.

We discussed what is a good store-of-value, how she thinks about her digital assets and running a senate campaign in the midst of a pandemic.

I've watched the fundamentals of Bitcoin play out as something that has scarcity built into it, with only 21 million bitcoin being issued.

The more I watched it since originally buying, the more I've come to believe that those overarching economic principles that underlie Bitcoin are playing out the way that one would hope and expect they would.

I've watched us print money and avoid the scarcity principle by printing more and more money and watching the value of the dollar decline as a result of that.

As long as a dollar-based digital currency is backed by the full faith and credit of the U.S, as opposed to something more scarce, I don't think it can add value.

BP: As China moves ahead with a digital yuan, should the U.S. be pursuing a digital dollar so we aren't falling behind?

As long as a dollar-based digital currency is backed by the full faith and credit of the U.S., as opposed to something more scarce, then I don't think it can add value.

Maybe the goal of a digital dollar is not to store value but a matter of convenience, and it's a matter of avoiding the ridiculous fees associated with having a non-digital fiat based currency.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.