Part 9/16:
Nixon’s suspending of dollar convertibility into gold was an act of crisis management, but it marked the end of the Bretton Woods system and ushered in 50 years of fiat dominance. The case reveals that excessive debt, inflation, and geopolitical distrust can lead to systemic upheaval—just as we're witnessing today.
Gold’s Bull Run and Similarities to Crypto
The rapid increase in gold prices in the early 1970s—6x in three years and 19x over a decade—parallels Bitcoin’s recent meteoric rises. The lesson: assets driven by scarcity and trust can surge wildly during times of crisis.
Can Dead Coins and Lost Wallets Be Reclaimed?
A fascinating question considers whether Bitcoin that has been lost or remains in dormant wallets could someday re-enter circulation.