Executive order 6102 was signed by President Franklin D, Roosevelt confiscating the US population's gold

Executive Order 6102, signed by President Franklin D. Roosevelt on April 5, 1933, marked a significant moment in U.S. monetary history. The order forbade the hoarding of gold coin, gold bullion, and gold certificates within the continental United States, requiring citizens to exchange their gold holdings for U.S. dollars at a set rate. This was part of Roosevelt’s New Deal policies to combat the Great Depression, aiming to increase the money supply and stimulate economic growth. Many argue that because FDR was voted in the informed public went to the bank to withdraw their gold as they knew he wanted to confiscate it, leading FDR to infact be responsible for the Great Depression.
 

The order had profound implications for the concept of monetary sovereignty and the relationship between individuals and state-controlled currency. Critics argued that it infringed upon individual liberties and the ability to hold wealth in a form that was not subject to government devaluation.
 

Fast forward to the creation of Bitcoin, and we find an interesting connection. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, chose April 5, 1975, as their birthday when registering the pseudonym with the P2P Foundation. While the year 1975 marks the lifting of the gold ownership ban in the U.S., the choice of April 5 is particularly notable as it is the same date Executive Order 6102 was signed.
 

This choice is widely interpreted as a symbolic nod to the principles of financial autonomy and resistance to centralized control that Bitcoin embodies. Bitcoin, often referred to as “digital gold,” offers a decentralized alternative to state-controlled currencies, enabling individuals to store and transfer value without the need for an intermediary and beyond the reach of government policies like those enacted in 1933.