LiberLion on Nostr: I said it 6 months ago... Now it is a very possible reality 👇🏻 ...

I said it 6 months ago...
Now it is a very possible reality
👇🏻

quoting nevent1q…hykd

After Bretton Woods and until 1970, the dollar was backed by gold, a commodity

After the fall of the gold standard, the dollar was backed by debt, but it sustained its power in Middle Eastern oil and thus became known as the Petrodollar.

With the arrival of bankers to bitcoin we will have a new commodity to back the Fiat currency of the United States, the Bitdollar.

Perhaps some bitcoiners are happy with the NGU narrative, and Bitcoin being backing the dollar will drive up its price of course, but it will also be heavily regulated by the government.

This could be the new standard for the American #CBDC, the e-dollar.