Ron Paul wants you to trust Bitcoin with your retirement savings

Because nothing says legitimacy like a 30-second informercial, everyone's favorite racist grandpa has taken to Fox News to push the latest retirement-savings proposal to 68-year-olds across this great nation. And just what is it that Ron Paul is pushing, exactly? Why that would be Bitcoin.

That's right, the former congressman is shilling for Bitcoin on Fox News. But not just any old cryptocurrency will do for the man terrified of the Federal Reserve. Nope, Paul wants you to put your hard-earned bucks into a "Bitcoin IRA."

SEE ALSO: This $4 billion Bitcoin laundering scheme reads like a gripping detective story

Ads showing Paul extolling the virtues of Coin IRA have been on the network since at least October, but it somehow wasn't until recently that they caught our astonished eyes. And, well, you'll just have to watch it for yourself.

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Interestingly, Coin IRA is a subsidiary of something called Goldco — a company that says it aims to "help clients looking to add precious metals to their IRAs." That's right, a gold company is presumably paying Ron Paul to convince old timers to bank their retirement on cryptocurrency.

Notably, Paul has said Bitcoin "can be a participant in bringing down the dollar," so who knows what's really going on in that dude's head.

There is one thing we can guess, however: Coin IRA is likely helping at least one person's retirement plans, and that would be in the form of checks made out to Ron Paul.

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