The American singer and producer Akon has resurfaced on the internet after speaking out in favor of Bitcoin.
“Nothing backs the dollar”
Speaking with Angela Yee and DJ Envy in a radio interview on the Breakfast Club, Akon expressed his views on what makes Bitcoin a better currency than the U.S. dollar. The fact that cryptos rely on people’s trust rather than a financial system imposed by governments make them more powerful than any fiat currency in the world, according to the Grammy-nominated musician.
Akon explained that fiat currencies have no intrinsic value, but people are forced to use them by their governments.
“Who says that the actual dollar is worth anything? Yes, the government, but nothing backs the dollar. The U.S. doesn’t have natural resources that back the dollar….