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Indestructible King for 50 Years, the U.S. Dollar Will Face a New Kind of Competition With Bitcoin. The world deserves an apolitical and neutral reserve currency like Bitcoin.

Indestructible King for 50 Years, the U.S. Dollar Will Face a New Kind of Competition With Bitcoin. The world deserves an apolitical and neutral reserve currency like Bitcoin.



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4 Comments

  1. tldr; On August 15, 1971, US President Richard Nixon abolished the convertibility of the US dollar to gold, ending the gold standard. “The US dollar is still the star around which all other currencies in the world, including the euro, revolve. The greenback is much more than the main currency of international trade. It puts oil on the wheels of all the economies around the globe,” writes Peter Bergen.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Thus explaining why every single bitcoin exchange defaults to displaying values in USD rather than BTC.

    It’s not a “currency”, it’s a token that can be exchanged for currency. Important difference.

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