5min chapter

The "What is Money?" Show cover image

World History Told Through the Lens of Money with Niko Jilch (WiM336)

The "What is Money?" Show

CHAPTER

The History of the Bitcoin Dollar

The European Union has been successful in bringing peace to the nations of Europe, like Western Europe, right? Yeah. And that's also a problem for the center of the ECB in the end because they say, okay, we are the most independent. Well, Bitcoin is even more independent. And in the end, price stability might not be the right mandate. The euro was supposed to solve our dilemma of national interests versus international interests and it worked for a while until 2013. In 2013, they said it's enough. We're done here. That's when we started the last phase that we see now where everything's really breaking down.

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