google.com/amp/s/www.outlookin…

"Until the Great Depression of the 1930s, holders of dollars could in theory trade in their cash for gold stored in the US federal vaults. In 1971, US President Richard Nixon unlinked the dollar to gold, turning it into a fiat currency. At the time an ounce of gold was worth $35. Today, the price is $1,920.80."💁‍♂️

Cryptos and fiat currencies — any real difference?

El Salvador plans to recognize Bitcoin as legal tender, becoming the first nation in the world to do so. The cryptocurrency could make it easier for the many Salvadorans living abroad to send money back home

^{https://www.outlookindia.com/outlookmoney/}