In 1971, President Richard Nixon made the decision to remove the United States dollar from the gold standard, a system in which the value of the dollar was directly tied to the value of gold. This decision, known as the Nixon Shock, had a number of significant consequences for the global economy
Since bitcoin’s inception in 2010, the asset has seen significant yearly returns. In the bitcoin’s first year of existence, it saw a 9,900% return on investment and continued to post impressive results for the subsequent years. But there have also been very negative years with the first in 2014 closing at a 58% drop. How does 2022 compares?
Understanding what is hard money is important as the “money hardness” of cryptocurrencies you are looking to invest in should be one of the aspects of your due diligence. So what is hard money exactly and why does it matter to crypto investors?
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