Welcome crypto
1.500,00 €
Tax included
Title: Welcome crypto
Format: 100x80 cm
Technique: acrylic and varnish on canvas
After the end of the gold standard in the 1970s when President Nixon cancelled the Bretton Woods agreements and the suspension of dollar’s convertibility to gold, it is likely that the dollar will disappear as a reference currency after a possible rate rise in the US, which would create a major American debt crisis.
Title: Welcome crypto
Format: 100x80 cm
Technique: acrylic and varnish on canvas
After the end of the gold standard in the 1970s when President Nixon cancelled the Bretton Woods agreements and the suspension of dollar’s convertibility to gold, it is likely that the dollar will disappear as a reference currency after a possible rate rise in the US, which would create a major American debt crisis.
Since the US represents 23% of world GDP, this debt crisis would affect the value of the dollar standard as reference currency, and in the rest of the superpowers that hold a large part of the US debt (such as China, Japan and Europe), the dollar could be replaced by a new currency that would not belong to a single country and to which inflation can be created or withdrawn freely. This new currency would not be guaranteed by a single entity, but by a community, which is the model that Bitcoin and cryptocurrencies have showed us. Will we have a new world currency from 2020?
1 Item
Title: Welcome crypto
Format: 100x80 cm
Technique: acrylic and varnish on canvas
After the end of the gold standard in the 1970s when President Nixon cancelled the Bretton Woods agreements and the suspension of dollar’s convertibility to gold, it is likely that the dollar will disappear as a reference currency after a possible rate rise in the US, which would create a major American debt crisis.