Bitcoin Visionary Nick Spanos Advocates 'End the Fed' Movement
10 January 2024
In this exclusive interview, we engage with Nick Spanos, founder of the first cryptocurrency exchange, presidential senior adviser for five campaigns, and a prominent figure in the Bitcoin space. Spanos shares insights on the origins of the "End the Fed" movement, his journey into recognizing Bitcoin's potential, and thoughts on its role amid global currency developments.
Embark on a thought-provoking exploration with Nick Spanos, a pioneer in the cryptocurrency landscape.
Interviewer: Nice to meet you, Mr. Spanos. You're the founder of the first cryptocurrency exchange, and you were the senior adviser for five presidential campaigns, and you were involved in the “End the FED” movement. Could you tell us how this movement started and whether it changed anything for the better?
Nick Spanos: Ron Paul wrote a book “End the Fed”, and many of us were supportive. I worked for Ron, and the grassroots movement grew exponentially behind that. The more people would go there, then we had Campaign for Liberty that was a little more organized. But what we did was, Ron Paul, who's a congressman, he ran for president three times.
He wrote a bill to audit the Federal Reserve. So we followed and we trained the kids, 'cause I was the oldest one, I think, except for Ron, to follow the elected officials around when they showed up to affairs in their districts with a camera and asked them why would they not vote for that bill when it does come up and why would they not want an audit of the Federal Reserve?
Interviewer: When did you first realize that Bitcoin could be more than just a speculative asset? What was the turning point for you?
Nick Spanos: Um, so Bernard Von NutHaus made the Liberty Dollar; he had Ron Paul's face on there back in 2007. And then the FBI came in; he had bills and electronic money, but the FBI came and took his $17 million worth of gold. And before that, you know, there were many attempts.
So when I first heard of Bitcoin without reading anything, I just thought it was centralized, so I didn't have the aha moment at the second go. Yeah, whatever. At one of our events, a gal had a table, like, right here, I think it was in the Valley Forge, I think it was a Valley Forge event.
But, you know, months went by, a few months, this, that, and then, you know, I read the white paper… 'cause they would destroy my candidates every time I had a candidate that would go against the Federal Reserve or mainstream issues.
The mainstream media would destroy us a few weeks before election time. So after the last time when Ron lost Iowa, we were winning in Iowa, and then when he lost Iowa in 2011, no, 2012, the beginning of 2012, no, I think, well, we knew we're going to lose at the end of 2011, December something.
Then I said, you know what, my candidate is going to be Bitcoin. They can't destroy Bitcoin on Election Day 'cause they get focused to destroy you on Election Day. But, you know, they can try all they want. Every day is Election Day for Bitcoin..
Interviewer: Nice one. Yeah. After El Salvador, which country will be the next country to declare Bitcoin legal tender?
Nick Spanos: Well, I think, uh, a country has to have dollarization first because if they have their own central bank, there'll be too many forces against adopting Bitcoin as legal tender. But if they have the dollar, what the heck do they care?
Interviewer: So do you think Argentina is on the right track?
Nick Spanos: Yeah, it looks like the path that has to happen because, you know, if you have a central bank and you're printing currency, you know, a lot of people are getting that currency. And if a lot of people are getting that currency, they're the ones who are going to stop you from adopting Bitcoin as legal tender. So I think you have to have dollarization before you can have Bitcoinization. I think.
Interviewer: And what concerns do you have with regards to CBDCs, if any?
Nick Spanos: CBDC Dolphin Coin, you will flip, and you can spend your money coin? Carrot and the Stick Coin?
Interviewer: Yeah, normally they say Central Bank Digital Currencies, but yeah.
Nick Spanos: Well, you just talk to me; you're in the vicinity of me. So you have to do 48 hours of re-education AI on your phone, or else you can't eat. I don't think the government should be in money; they weren't before.
Gold and silver were money, and things that are scarce, not things that the government points at and do Voodoo to. And you try to store your life's work in a bunch of voodoo pictures of dead people, lithographs of dead people, and think that those dead people's lithographs have enough Voodoo power to hold your work at the rate that you worked at.
You know, people save their money for years, you know, and then it's worthless. The voodoo isn't working anymore.
Interviewer: Absolutely. Is Bitcoin a viable alternative to CBDCs, or are there other alternatives as well?
Nick Spanos: Of course, when CBDCs come out, Bitcoin is going to skyrocket because it's going to be the only cash. Because they're going to want you to turn in your cash for the CBDC. It happened in Nigeria already.
As a matter of fact. They were throttling the ATMs where you can only take $20 out a week or whatever. They burnt down the ATM machines, and, uh, Bitcoin doubled in Nigeria.
Interviewer: Are you a Bitcoin Maxi?
Nick Spanos: Well, I think that Bitcoin is the only cryptocurrency, and all the other ones are projects. I'd rather have those projects than shitcoins, uh, than a penny stock. You know, 'cause a penny stock, there's no transparency.
I'd rather have transparency, so it's a step in the right direction. So, yeah, Bitcoin is the only cryptocurrency; the rest are projects. They have CEOs; they have all this stuff. Bitcoin doesn't have any of that.
Interviewer: Exactly. Is Bitcoin already indestructible, or are there still weak points to consider?
Nick Spanos: You know, we have to protect Bitcoin and stay diligent protecting Bitcoin and doing whatever we can to make sure that this only weapon that we have against our owners thrives.
Interviewer: So, for the non-technical user, what is the way to protect it? Have a node or anything else?
Nick Spanos: Just saying, stay active, keep your ear to the grind, your nose to the grindstone, and, uh, protect it politically.
Interviewer: Well, thank you so much for your time!
Nick Spanos: Thank you.