Bitcoin & The 90th Anniversary of Executive Order 6102
Bitcoin बिटकॉइन और कार्यकारी आदेश 90 की 6102वीं वर्षगांठ As Bitcoin continues to gain traction as a decentralized, authority-free, censorship-resistant alternative asset, weve once again reached the anniversary of an event that reminds us why BTC is important. 90 years ago today, US President Franklin D. Roosevelt signed Executive Order 6102, banning the ownership of gold in the United States. Here is everything you need to know about the historic event and why the same thing cannot happen with Bitcoin. What Is Executive Order 6102? Executive Order 6102 was signed by U.S. President Franklin D. Roosevelt on April 5, 1933, prohibiting the hoarding of gold coins, gold bullion, and gold certificates within the United States. The order required individuals and companies to immediately sell their gold to the Federal Reserve at the then-current market price of $20.67 per ounce. Today, gold is worth over $2,000 an ounce. The order also made it illegal to export gold without a license issued by the Treasury Department. The purpose of the executive order was to protect the U.S. economy during the Great Depression. At the time, the U.S. was on the gold standard, which meant that the value of the U.S. dollar was tied to the value of gold. However,