From Gold to Fiat to $100K Bitcoin | What Happened In 1971? | Beyond Bitcoin
Simply Bitcoin
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Intro
This chapter examines the pivotal moment on August 15, 1971, when President Nixon ended the gold standard, reshaping the U.S. economy and monetary policy. It highlights the resulting inflation, national debt, and the rise of alternative currencies like Bitcoin, as well as the ongoing implications for economic inequality and instability.
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