From Politics to Crypto: The BTC Journey of Craig Bergman

Live Bitcoin News
Live Bitcoin News July 15, 2020
Updated 2020/07/15 at 12:53 PM
4 Min Read

There appears to be a running theme of mixing politics with crypto, and the latest example comes by way of former Ron Paul campaign manager Craig Bergman.

Bergman Sees Crypto in a New Light

Bergman was the political director for the Ron Paul 2008 presidential campaign. Since exiting the political spectrum, he has served as the president and CEO of a cryptocurrency mining company called Vortex Blockchain Technologies Inc. At the time of writing, the company currently focuses on mining bitcoin and its altcoin cousins, though the company says it is presently working on some new filings with the Securities and Exchange Commission (SEC).

A document housed by the government agency describes the venture as follows:

The company is engaged in software and hardware development, bitcoin mining, fintech, cybersecurity and artificial intelligence (AI). It has been issued a going concern opinion and relies primarily upon the sale of our securities and loans from its CEO and directors to fund operations.

The company opened in 2013 in Nevada and presently has more than 75 million shares. Bergman says that he’s planning to make the company go public next month, meaning shares will be available to investors for purchase.

Bergman’s journey into bitcoin and the crypto space is an interesting one. He initially dismissed the world’s primary cryptocurrency by market cap, citing it as “Magic Internet Money.” Over the years, however, his respect for the asset has grown to new levels, though he still thinks it’s far from where it needs to be.

Furthermore, while he considers Satoshi Nakamoto – the pseudonymous creator of BTC – to be a good economist, he believes he’s not much of a mathematician. In an interview, he explained some of the changes he would make to bitcoin and its ever-evolving infrastructure:

I would make halvings occur every year and start with a bigger pool. Satoshi was good at economics and bad at math. Bitcoin cannot make it another 100 years as it is not big enough to capture the 100 trillion-dollar world economy.

Some Changes That May Occur

Bergman is confident in bitcoin’s ability to stay strong, though he does see a future in which a competing altcoin eventually overtakes it. To be fair, he doesn’t see this occurring for some time, though he’s confident it will happen. He states:

Cardano is close, but it’s like watching ‘Shawshank Redemption’ where [Charles Hoskinson] is chipping away at a wall behind a Marilyn Monroe poster. Will he finally break through? Probably, but it will take 20 years or more.

Crypto has been at the center of America’s political scene for some time, with several democratic candidates during the 2020 primaries – including businessman Andrew Yang and media mogul Mike Bloomberg – promising followers that they would establish clear and concise cryptocurrency-related rules and regulations if they were elected to the White House.

The post From Politics to Crypto: The BTC Journey of Craig Bergman appeared first on Live Bitcoin News.

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