Powell Confirms It—The Dollar Is Dying, Bitcoin Isn’t
The post Powell Confirms It—The Dollar Is Dying, Bitcoin Isn’t appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Federal Reserve Chair Jerome Powell may not have mentioned Bitcoin—but to Jack Mallers, he didn’t have to. In a fiery video released just hours after Powell’s latest speech, the Strike CEO declared that the Fed Chair had “finally said the quiet part out loud”: that the post-World War II monetary system is collapsing, and Bitcoin is the only rational response. “The Bretton Woods era is over. And they’re telling you,” Mallers said, eyes locked on the camera. “They’re invalidating us Bitcoiners—by validating everything we’ve been saying for years.” Bitcoin Is The Only Way Out The comments came in response to Powell’s June 2 remarks at the Federal Reserve’s 75th anniversary of its International Finance Division, in which the Fed Chair openly acknowledged that the 1970s marked a fundamental break in monetary policy. “The end of the Bretton Woods era fundamentally changed the conduct of monetary policy,” Powell had said. “Policymakers had to understand the effects of potentially more volatile movements of the US dollar.” For Mallers, this wasn’t a historical footnote—it was an admission of systemic failure. “Before, the Fed’s job was to defend the peg. The dollar was redeemable for gold,” Mallers explained. “But when we divorced ourselves from the gold standard, we also divorced ourselves from the physical constraints of mother nature. And the world’s been a fucking mess ever since. Excuse my language—it’s a kids’ show, I know.” The heart of Mallers’ critique is rooted in physics. Gold, and now Bitcoin, are governed by physical laws. Fiat money is not. “None of us can print energy. None of us can defy the laws of time,” he said. “Proof-of-work ties us to reality. That’s what makes Bitcoin the hardest asset humans have ever known.” In…
The post Powell Confirms It—The Dollar Is Dying, Bitcoin Isn’t appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Federal Reserve Chair Jerome Powell may not have mentioned Bitcoin—but to Jack Mallers, he didn’t have to. In a fiery video released just hours after Powell’s latest speech, the Strike CEO declared that the Fed Chair had “finally said the quiet part out loud”: that the post-World War II monetary system is collapsing, and Bitcoin is the only rational response. “The Bretton Woods era is over. And they’re telling you,” Mallers said, eyes locked on the camera. “They’re invalidating us Bitcoiners—by validating everything we’ve been saying for years.” Bitcoin Is The Only Way Out The comments came in response to Powell’s June 2 remarks at the Federal Reserve’s 75th anniversary of its International Finance Division, in which the Fed Chair openly acknowledged that the 1970s marked a fundamental break in monetary policy. “The end of the Bretton Woods era fundamentally changed the conduct of monetary policy,” Powell had said. “Policymakers had to understand the effects of potentially more volatile movements of the US dollar.” For Mallers, this wasn’t a historical footnote—it was an admission of systemic failure. “Before, the Fed’s job was to defend the peg. The dollar was redeemable for gold,” Mallers explained. “But when we divorced ourselves from the gold standard, we also divorced ourselves from the physical constraints of mother nature. And the world’s been a fucking mess ever since. Excuse my language—it’s a kids’ show, I know.” The heart of Mallers’ critique is rooted in physics. Gold, and now Bitcoin, are governed by physical laws. Fiat money is not. “None of us can print energy. None of us can defy the laws of time,” he said. “Proof-of-work ties us to reality. That’s what makes Bitcoin the hardest asset humans have ever known.” In…
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