📅 August 15, 2024 marks the 53rd anniversary of the “Nixon Shock” when US President Richard Nixon abandoned the gold standard for the dollar. Nixon promised to stabilize the dollar, but the reality was far from it.

💬 Niel Jacobs from Swan Bitcoin reminds: “Tomorrow is the 53rd anniversary of Nixon abandoning the gold standard. This is why we need ₿itcoin.”

📊 According to WTF Happened in 1971, abandoning the gold standard broke the relationship between wages and productivity, causing the standard of living of American workers to stagnate.

🏠 Families have to work harder to increase their incomes, housing prices rise, income inequality, and many other social problems.

💡 Prentice and Colin, the founders of the website, believe that Bitcoin is the best alternative to current currencies.

📈 Despite the controversy, many economists still believe that ending the gold standard is beneficial for the US and the world.

🔮 Will blockchain replace fiat money in the next 53 years? Let's discuss! 💬

#Crypto#Bitcoin#Blockchain#Finance#NixonShock#BTC