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If you spend enough time researching Bitcoin and the rationale for a form of currency not controlled by the state, sooner or later you will see Executive Order 6102 issued by the President of the United States in 1933. So, Executive Order 6102 and why did it make the Bitcoin community so hot?
For the purposes of Executive Order 6102, Roosevelt wanted privately owned gold to be seized at a fixed rate of $20.67 per troy ounce (a unit of measure for precious metals).
The period following the end of the American Civil War and the beginning of World War I was associated with such rapid industrialization and prosperity in the United States that it is often referred to as the Gilded Age.
The rapid expansion of railroads and the development of heavy industry (coal mines and factories) drove a massive migration from rural communities and overseas, especially Europe, to the new urban economies of the United States.
This was also the era of the gold standard, with national currencies backed by physical gold. The Bitcoin Standard, one of the most influential books on the importance of Bitcoin, explicitly links the boom in this period — extending across Europe — to the gold standard’s constraints on monetary policy.
