Meaningful warnings from the author of the Bitcoin Standard
Economist Saifedean Ammous, who gave an interview at the #Bitcoin 2025 Conference, made groundbreaking statements about Bitcoin’s price cycle in addition to his new book.
Economist Saifedean Ammous, who gave an interview at the #Bitcoin 2025 Conference, made groundbreaking statements about Bitcoin's price cycle in addition to his new book. The economist, who published Gold Standard after his books Bitcoin Standard and Fiat Standard, said, "What would the world be like if fiat money never existed? I pursued this question. Instead of saying something new, I imagined how gold or another monetary system could develop in a universe where there was no fiat (fiat money) system." In response to a question about central banks' gold purchases during the broadcast he attended, Ammous said, "Gold's liquidity is lacking, there is no international gold exchange infrastructure. However, Bitcoin is much more fluid. Countries that want to switch to gold will actually understand the value of Bitcoin better when they see the difficulties of transporting and exchanging gold."
When asked whether the US Treasury could solve its massive debt problem of approximately $37 trillion by valuing its gold at current prices, he gave a very clear answer: “No. Because the US’s biggest asset is the money printing machine. Whether you value gold at $1 or a trillion, the result is the same. It would just be an accounting game.”
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