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
Bitcoin’s yearly low prices have been grabbing headlines in the past few weeks. Prices have dipped below $16000, which has caused a lot of concern among Bitcoin investors. However, it’s important to remember that Bitcoin has seen such drops before and looking at the yearly lows instead of the All Time Highs (ATH) can help stay level-headed and better see the macro trend.
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