In partnership with the Indonesian government, Kinesis is delivering digitized gold-based financial services to the local population.
Nowadays, investors have divided into two groups: cryptocurrency vs gold. After comparing all the characteristics of digital money with precious metal, they appear to have a lot of in common. For example, they are produced through mining and both are almost impossible to destroy. Gold doesn’t react with acid or lye, and can’t be oxidized. In the same way, cryptocurrencies are immutable in that it is nearly impossible to shut down all the computers within the blockchain. Also, both of them can be profitable but still be at risk of cost fluctuations. In most transactions, they should be sold or exchanged for fiat currencies or an equivalent, but it is much easier to do with digital money. However, unlike gold, cryptocurrencies are not accepted in all countries.
For those who still can’t decide in which to invest, a group of Russian entrepreneurs has launched the GoldMint platform, which operates with a digital asset GOLD that is backed with reserves of real gold or ETH.
Grayscale continues to grow, passing $50 billion. That’s equivalent to the world’s second-largest commodity ETF.8618
Both Bitcoin's daily volume and the amount held by large addresses roughly match 10% of gold's.35473
Top funds in the U.S. expect Bitcoin to hit anywhere between $130K to half a million dollars in the long term.29055
Galaxy Digital’s billionaire CEO told CNBC he’s shocked at the speed of cryptocurrency adoption.9721
Bitcoin is approaching all-time highs versus gold. The digital currency broke above $59,000 on Tuesday while gold languished below $1,700.14685
Tether’s reserves for its USDT stablecoin exceed the amount required to redeem the digital asset tokens, according to auditing firm Moore Cayman.14193
Former OCC acting comptroller Brian Brooks claimed that cryptocurrencies like Bitcoin “actually are backed by something.”17027
Research has revealed crypto investors are more likely to be ‘dog people' while gold investors are more likely to be ‘cat people’.5245
The U.S. could repeat its 1930s ban on gold ownership but for Bitcoin.37482
The CNBC host publicly thanks Anthony Pompliano after he made serious returns on a $500,000 BTC investment.25629
Co-founder of major Indian tech company Infosys Nandan Nilekani has urged the government to help MSMEs access capital using Bitcoin.5575
Jerome Powell reiterates his opinion about Bitcoin as a gold substitute, but a sell-off accompanies his other criticisms.32502
Kraken's head of growth, Dan Held, thinks Bitcoin could reach $1 million within the current market cycle.57993
Getting to grips with Bitcoin reveals its benefits over gold as a store of value, says SkyBridge Capital's Anthony Scaramucci.15437