148. The Fiat Standard course final lecture: Can bitcoin & fiat coexist
The Bitcoin Standard Podcast
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Is There a Gold Standard?
The most credible way that they could commit to a hard monetary policy would be to make their money redeemable in gold. Gold currently has at the time of writing about 30 times as much liquidity as Bitcoin. And so if governments were to peg their currencies to gold, the valuation of gold, I believe, would rise significantly. It's not difficult also to imagine the development of highly convenient payment technologies backed by gold.
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