Abra CEO Says Bitcoin Is a Solution to Centuries-Old Problem of Fiat Currency and Rule by Decree

Abra CEO Says Bitcoin Is a Solution to Centuries-Old Problem of Fiat Currency and Rule by Decree


The chief executive of crypto exchange Abra believes that Bitcoin (BTC) is the antidote to hundreds of years of monetary debasement.

In a new Kitco News interview, Bill Barhydt says that history’s greatest powers built their empires with sound monetary policy.

But the Abra CEO says world powers eventually betray the trust of its people by resorting to currency devaluation.

Trending: Doorbell Cam Catches Bill Belichick, 72, Leaving 24-year-Old Ex-Cheerleaders Home

“After World War II, the intent was there would be a certain amount of gold, countries would give us their gold – to the victor goes the spoils. We would print dollars commensurate with a certain value of that gold, and you knew how much your money was worth, and the underlying assets were protected. 

That was the grand bargain. 

Throughout history, every world power

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!