They are really pushing the "gold-backed" narrative because they really need people to believe in their new currency. Especially since no one would take their current currency (except maybe Russia)
No one trusts China to do what they say. No one trusts India or Brazil to be stable. No one trusts South Africa to continue existing.
Sooo, gold it is.
But, i bet it will not be easily convertible to gold.
So, hollow from the get go.
However, the Fed seems hell bent on making this happen
by making something, anything that is an escape look appealing.
Viva Bitcoin!