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@ Contra
2025-04-03 20:32:41
These moments show how financial crises drive people toward hard assets and Bitcoin could be next!
Great Depression (1929–1939):
• Stock market crash and bank failures eroded trust.
• U.S. confiscated gold, revaluing it to $35/oz.
• People turned to gold as a hedge.
Stagflation & Oil Crisis (1970s):
• U.S. abandoned gold standard (1971).
• Inflation and oil crisis devalued the dollar.
• Gold surged from $35/oz to $850/oz.
• Real estate became a hedge.
2008 Financial Crisis:
• Lehman collapse and housing crash triggered global crisis.
• U.S. printed money, devaluing the dollar.
• Gold rose from ~$800/oz to ~$1,900/oz.
• Bitcoin created as a hedge, rising in value.
COVID-19 Crash & 2020–2021 Bitcoin Boom:
• Pandemic caused market crash; governments printed money.
• Gold hit $2,075/oz in 2020.
• Bitcoin surged from ~$3,800 to ~$69,000 in 2021.
2022–2023 Inflation & De Dollarization:
• Russia-Ukraine war and supply chain issues led to inflation.
• Fed raised rates; dollar strengthened but hurt markets.
• Central banks bought gold; Bitcoin rebounded from $16,000 to $40,000.