Commodity Trade Mantra

Posts Tagged ‘Digital Currencies’

Cryptocurrencies will Never Replace Gold for a Number of Good Reasons

Would the gold price be higher today if massive amounts of money weren’t flowing into bitcoin? Both assets, after all, are sometimes favored as safe havens. They’re decentralized and accepted all over the world, 24 hours a day. Transactions are anonymous. Supply is limited. But I don’t think for a second that cryptocurrencies will ever replace gold, for a number of good reasons. Here’s why.

How the Blockchain and Gold Can Work Together

Gold-on-the-blockchain technology appears to hold great potential when it comes to making possible a world of digital gold money transactions. Governments use regulation & taxation to inhibit & even prevent unencumbered competition among monies. The evolution of the blockchain largely circumvents many of the obstacles governments put in the way of a free market in money.

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