⚱️⚱️⚱️👳🏿‍♂️ Mansa Musa’s Gold Giveaway Causes Crash In 132 | CryptoJournal on Binance Square

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⚱️⚱️⚱️👳🏿‍♂️ Mansa Musa’s Gold Giveaway Causes CrashIn 1324 the richest man ever, Mansa Musa of Mali, lavishly gave away so much gold in Cairo that “he caused the price of gold to crash”. 📉Over 20% of gold’s value vanished, triggering an economic slump.
#gold #crypto 

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⚱️⚱️⚱️In 1971, Nixon ended the gold standard. $1 in gold then = ~$55 today.

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⚱️🚫The Government Banned Gold in 1933. Could They Do the Same with Crypto? In 1933, the U.S. government made it illegal for citizens to own gold. People were forced to sell it to the government at a fixed price — or face fines and jail. Why? To protect the dollar and the banking system💵💰🏦 Today, some see crypto as “digital gold.” The question is: If it ever truly threatens the system — what makes you think they won’t try it again? #bitcoin #crypto #gold

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