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Bitcoin’s Rise and the Collapse of the Old Financial Order

  • The global monetary system underwent a drastic restructuring with the U.S. dollar partially backed by Bitcoin and gold.
  • Global reactions included Germany backing the euro with gold reserves, and emerging economies shifting reserves to Bitcoin.
  • Market instability in the U.S. led to the establishment of a Digital Stability Unit and significant price shifts in Bitcoin and gold.
  • The International Monetary Fund introduced a reserve basket with Bitcoin, gold, Chinese yuan, and other assets, signaling a shift towards blockchain-based alternatives.

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