Today is the 54th anniversary of the abolishment of the gold standard when Nixon officially turned the USD into worthless pieces of paper. Considering the average lifespan of fiat is 40 years the $ is doing quite well if you ignore it's 97% decline in value since the creation of the federal reserve.

Beef markets keep hitting record highs and national herd numbers are still showing declining numbers. 😬😬😬 Scarce assets doing scarce asset things.

Me thinking the mempool is indicative of societies acceptance of current market price. Empty/low fee pools indicate disagreement and hodling Heavy pools indicating peak bull markets MoE changes the game.

What announcement would be the modern day equivalent of the Nixon shock?