Crypto markets have registered moderate gains, remaining relatively quiet with only BSV trading in the red among all top 20 coins.
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.
- Fundstrat’s Tom Lee: Current Bitcoin Misery Index Never Been Reported in Bear Market
- Four Olympic Gold Medals Winner Tennis Player Serena Williams Invests in Coinbase
- Japanese Cryptocurrency Exchange Zaif to Resume Activity Seven Months After Hack
- Bitcoin Falls Under $5,300 Again as Top Altcoins See Losses
- Top 5 Crypto Performers Overview: XTZ, BNB, BCH, ETH, XMR