Count George Gilder — the economic thinker, venture capitalist and one of Ronald Reagan‘s favorite authors — not just as a big backer of bitcoin, but an advocate of making the cryptocurrency the new payment layer for the Internet.

“I think bitcoin should be conceived, first, as a new infrastructure for the Internet, a new transactions layer that the Internet drastically needs today,” Gilder boldly declared during the daylong OnFinance conference held by AlwaysOn, the San Francisco-based media and events company aimed at entrepreneurs and the VC industry. The conference took place a

Gilder’s comments are striking because of who he is. This is no hoodie-wearing Millennial. Nor is it a Gen X or Baby Boom veteran of Wall Street. Gilder is a 75-year-old economist who is perhaps best known for his 1981 bestseller “Wealth & Poverty” and his distinction as being former President Reagan’s “most quoted living author” because of his support for supply-side economics.

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