The Gold Standard, in 60 Seconds, BBS 2026 Day 1
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0:00A: So the gold standard is before the global reserve used to be gold, like every currency could be redeemed for gold.
0:04B: Okay.
0:05A: And sometime in the 20th century that changed and the dollar became the primary reserve currency around the globe. But people have been losing confidence in the dollar over the last 20 years. And, well, there’s this big conversation now called de-dollarization where people want Bitcoin to replace the dollar as the global reserve currency. And so a lot of people wonder, oh, is Bitcoin a gamble? Is it going to go up or down? Most people actually are buying Bitcoin because they’re concerned that their actual local money could become worthless one day, or they’ve already experienced it. And so they’re, they’re trying to make sure they can save money if things get worse. And so what did you hear from that?
0:40B: That Bitcoin can’t be printed or kind of changed, like the, like a dollar value, I was gonna say. And that like some people are kind of using that to kind of Not make like their money go down.
0:57A: Yeah, they call it hedging.
