[vc_row][vc_column][vc_paragraph text=”If gold standard was imposed again would Bitcoin and other crypto assets manage to see the stabilization of their prices?“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Inflation of gold and crypto” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This question was addressed to Andreas M. Antonopoulos, known for his books “Mastering Bitcoin”, “Mastering Ethereum” and YouTube channel “Ask me”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”He is a famous Bitcoin defender, technical entrepreneur and an author that aims to get people closer to opportunities provided by BTC and other public blockchains.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As for this question, the crypto enthusiast said, “The possibility of getting back to gold standard ranges from 0 to 0.0001%.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This would violate the government debt and lead to the crisis of the international relationships and trading patterns.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It is impossible even to imagine this since no country is interested in limiting the opportunities for debt issuing”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This, however, did not keep Antonopoulos from considering the issues from the perspective of some important topics.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Gold and stock standard” size=”medium”][vc_single_image image=”1285″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Before returning to the expert’s opinion, we should note that the model of currency circulation based on gold has changed over the years. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The model of this standard is focused on the fixed exchange rates defined by the gold reserves tied to each country that issues a sovereign currency.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”“Bretton Woods agreement went down in history because it lead to the setting of gold exchange standard based on the fixed exchange rate of the currencies tied to dollar which in turn is based on gold.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This agreement helped to approve the liberal system which requires a market with minimal barriers. This was a significant change in comparison to the previous financial system in which the mobility of capital was restricted because people understood its importance in the 1929 crisis.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”All the agreements directly or indirectly connected with Bretton Woods system did not include the correct control of the amounts of emitted dollars, and that allowed USA to uncontrollably print money. More than once it was disputed by France and Germany as USA just exported the inflation thereby impoverishing the rest of the countries”.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”The gold standard’s impact on crypto” size=”medium”][vc_single_image image=”1286″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”“Bitcoin price can quickly recover since it will not rise due to the consequences of the continuous money printing. Furthermore, it will not be affected by inflation and lack of trust.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”It is likely that other coins as well as BTC itself will be evaluated depending on gold, and they will not be exchanged for fiat”, said Antonopoulos.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The argument for BTC: its controlled inflation is more secure than the inflation of gold. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”“In the hypothetical world where gold is the universal standard we would see the inflation growth because of large shipping”.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This is a categorical statement but it helps us to understand there are factors that cannot be controlled, especially when it comes to the control of gold existing on the planet. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”That is why Bitcoin is now considered as a remedy against devaluation of assets. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Who knows, what is going to happen in the future.”][/vc_column][/vc_row]
