disruptvestor on Nostr: 'Unbacked' fiat currencies live up the name. As of 2023, in the U.S. only 2.53% of M2 ...

'Unbacked' fiat currencies live up the name.

As of 2023, in the U.S. only 2.53% of M2 money supply is backed by gold reserves and in Canada the percentage goes down to zero.

Being backed by Gold is better than being backed by nothing. Being backed by #Bitcoin is better than being backed by Gold.

And, establishing Bitcoin as - the legal tender and the unit-of-account is the best.