Simply Bitcoin: Aug 16th, 2026 This Happened 55 Years Ago... Now You Can't Even Afford a Burrito Without Bitcoin!; 55 years ago, Nixon ended the dollar’s convertibility to gold and changed the monetary system forever. This is why Bitcoin exists! Since the Nixon Shock, purchasing power has eroded, burritos are $20, debt has exploded, and the cost of housing, healthcare and everyday life has surged. Now money itself is becoming increasingly digital and programmable, making the case for Bitcoin as an alternative monetary system more important than ever.