GOLD Says Insomnia-Tortured ICO-Makers “Good Night”
The penchant to generate enormous wealth has a proliferation of innovative channels to invest and define more opportunities for the economy of the future. As the latest addition to the bandwagon, ICO makers, traders and investors are hugely anticipating upon cryptocurrencies that promise a splurging return and dominate all other forms of currencies in the world.
Dominate all other forms, really?
The total cryptocurrency circulation has surpassed 700 USD with the BTC and ETH stamping impressive growth to their inherent value, compelling the enthusiastic investors to pool in more. However, high volatility makes the game way riskier! Blame it to the bad press, the unpredictable perceived store value or the unclear taxation policy; cryptocurrencies will continue to stay more vulnerable towards an overnight crash.
Post a few major achievements, cryptocurrencies fell way short of the respectable acceptance extend. Although plastic money reach has been promised, most websites don’t accept Bitcoins (being the most popular) and the ones that do, need an interim payment gateway which is clearly nowhere close to a smooth process.
As of July’17, cryptocurrencies crashed massively by 23%. Such intense volatility is discouraging enough to look beyond.
As an effective alternative, stable coins are steadily gaining support towards it syncing aptly with the digital currency trends.
Digital Gold will too acquire mass adoption — Wait for it!
As the undisputed champ of investment, gold has a rich history of valuable evolution that the current swathe of cryptocurrencies may not experience ever. Stable coins backed by physical gold and ETF are therefore a universal and a convenient instrument for hedging the volatility risks. This alone can encourage the common investor believe more in the ICOs.
Gold has been the least volatile metal showing a steady increase in value when the fiat currency is dropping. In times of social uncertainty out political or economic crisis such as a war or a natural disaster, gold stays intact to its intrinsic value and is the ultimate dependable resource to channel transactions.
Governments across the world are amassing their gold storage assets. China reported a whopping 600 tons between 2009 and 2015. Experts have estimated that the value may go up to 10,000 tons in coming years. The legends hold it true for other economies like India, Russia and US.
Utilizing the most out of the digital swathe, the cost of transferring 1 Kilogram of Gold is equivalent to 1 gram.
Winning over the traditional investor
GOLD driven digital currency is confidently foreseen to tap colossal progress and cover a larger market share. The much-needed conglomerate of the metal’s inherent value in real time and the portability of cryptocurrencies will have a staunch impact. Thus, the traditional investor community that was not so impressed by computing controlling their wealth can rely upon physical gold backing the game.
The actual asset backing
Unlike the cryptocurrencies, digital GOLD is evaluated by actual gold bullion. Offering the same scale of investment security like certificates and other GOLD in physical forms, investors get utmost ownership with asset information digitally stored against GOLD units. This digital information is widely accessible in form of an account and supports across online transactions.
On the other hand, cryptocurrencies grow by the faith of an enthusiastic investor that the value will raise. There’s no actual asset in real-time backing it and risks are guaranteed!
ICOs have attested a promising return and continue to engage more investors. Minus a few gaps where they are still trying to catch up with the skeptical take on volatility, GOLD could help eliminate the cloud and sync perfectly with the ICOs. Unlatching the benefits of a less volatile asset could actualize mass adoption, sooner than expected!
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