Henry Ford tried to create Bitcoin in 1921
His idea of an energy-backed currency
2 min readDec 19, 2021
In 1921 the New York Times published a report about Henry Ford’s plan to replace gold with energy as the new basis for global wealth.
His problem with the system at the time sounds familiar. It was too centralized. A small group of bankers controlled the bulk of gold’s supply. They had a monopoly on…