“History shows that no government, after going on a fiat monetary system, ever reverses course until its paper currency is destroyed. There is no reason to believe this time will be any different.” – CMI Gold & Silver

https://www.cmi-gold-silver.com/article/gold-standard-inflation-fiat-money/ is the source of the quote.

I did some research on the value of the dollar over the course of US history (at least, as far back as I could find. What I discovered was that the value of the dollar relative to the *median* price of gold over the last 225 years has crashed significantly and not recovered twice. *Only* twice. Once was at the beginning of the great depression, and the other was the minute the gold standard was abolished.

Note: There was a scenario on a similar scale of the great depression during the Colorado Gold Rush of 1859, but this only applies to gold and I think this is due to peoples' tastes and preferences leaning towards gold. The gold rush must have affected demand more than supply, because the price nearly doubled. That's the only thing I can think of to explain it.

Regardless, the price of gold returned to the median in just a little under two decades — very short in the history of the US. Here are the excel graphs I made that caused me to discover this phenomenon. https://imgur.com/a/FpEVl0W

submitted by /u/rektumsempra
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Bitcoin – The Currency of the Internet

TOM LEE: There's a $25 billion reason why bitcoin could stop plunging by mid-April

Bitcoin investors owe an estimated $ 25 billion in US taxes, according to Tom Lee, the co-founder of Fundstrat. As Tax Day approaches, many bitcoin owners are selling their digital coins in exchange for dollars. And so, Lee believes some of the selling pressure on bitcoin will lift after the tax deadline on …
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G Maxwell is the Only Reason Bitcoin has Survived to this Day (reddit.com)

Quotes from the interview between Cryptoverse and Synth (early Bitcoin developer). Links below. The most interesting thing about Bitcoin and what I don’t think people really understand is G Maxwell’s role. So Bitcoin looks like it’s this piece of perfect crystalline mathematics that will withstand a thousand years, but people don’t understand the human element behind Bitcoin. They don’t get it haven’t met the miners, the mining pools and the developers. One of the things about Bitcoin is the…

Bitcoin

Bitcoin price CRASH: This is the reason cryptocurrency prices are PLUMMETING

Express.co.uk recently spoke with Ryan Derks, an investor with years of experience under his belt who now runs his own federally registered fund specialising in cryptocurrencies, who was eager to explain why Bitcoin is coming down from such a dramatic high. He said: “What happened with Bitcoin …
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Cybersecurity CEO: 'Absolutely' reason to believe North Korea is amassing bitcoin, likely to fund …

The U.S. government revealed Tuesday that North Korea was behind the debilitating WannaCry hack earlier this year, demanding ransom in bitcoin. CrowdStrike CEO George Kurtz said there's "absolutely" reason to believe North Korea has an appreciating pile of bitcoin to fund future attacks.
Google Alert – bitcoin

Coinbase, the reason Segwit wasn’t a “Top 5” feature request was because no one could have imagined you were stupid enough NOT to work on it. YOU were the ones crying about high fees and transaction limits, and given the tools to scale you’ve done jackshit

submitted by /u/mhonkasalo
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Bitcoin – The Currency of the Internet

Dutch national newspaper urges people to sell all their Bitcoins as it undermines the government, could destabilise the economy and reduces the power of central banks. Sounds like a reason to buy to me 🤔

Dutch national newspaper urges people to sell all their Bitcoins as it undermines the government, could destabilise the economy and reduces the power of central banks. Sounds like a reason to buy to me 🤔 submitted by /u/ForeverDutch92
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Bitcoin – The Currency of the Internet