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Podcast: The Peter McCormack Show
Episode: The Path to a Bitcoin Standard with Dan Held - WBD308
Description: Location: Remotely Date: Monday 1st February Company: Kraken Role: Director of Business Development The Gold Standard was a monetary system that linked the value of a country's currency to the amount of gold held in reserve. The Gold Standard placed restrictions on a governments ability to print money. Still, in 1971 Nixon announced that the US would sever all ties between the dollar and gold, and would no longer convert dollars to gold at a fixed value of $35. Nixon's decision severed all links to The Gold Standard, and since then the world has b...