Congressman Thomas Massie said Bitcoin is "closer to real money than Federal Reserve notes" in comments circulated on social media. He also said, "We’re eventually going to lose reserve status for the dollar. But if you got any bitcoin, we accept bitcoin." The remarks reflect a public endorsement of Bitcoin by a U.S. lawmaker and frame the cryptocurrency as an alternative to government-issued paper currency, commonly called fiat money (state-issued non-commodity currency).