Oct 2, 2021
5 min read
Fiat Money vs Bitcoin. The battle continues
Have you placed your bets?
Fiat money, also known as money by decree, is just 50 years old. In 1971, Richard Nixon decided to break the link between gold and the US Dollar, and ever since, every country has followed his steps.
From that point onward, money was not backed by any tangible asset and can be freely printed on demand.
