Too Long; Didn't Read
August 15 marks the anniversary of the “Nixon Shock” - a series of economic actions by U.S. President Richard Nixon in 1971. In 1971, the international convertibility of the US dollar into gold was irrevocably cancelled. In most countries, other than El Salvador and Japan, Bitcoin isn’t legal tender. Bitcoin is not a government-proclaimed currency that is not backed by anything other than the proclamation. There are 21 million BTC that will be available once Bitcoin is fully mined - give or take a few million lost to hacks and lost wallets.