Bitcoin Debate’s Defeated Bear: Digitized Gold ‘Only Type of Crypto That Can Succeed’
"Financial commentator Peter Schiff claims gold-backed digital coins will be “only type of cryptocurrency that can succeed” in recent ‘Bitcoin Debate’ with Erik Voorhees"
Read more: cointelegraph.com
Other hot crypto news today
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- UK: 40% of Companies in Regulatory Sandbox Deploying Distributed Ledger Technology
- Binance Halts All Trading Over Abnormal Crypto Transactions
- Indian Supreme Court Continues to Uphold Central Bank’s Ban on Crypto Dealings
- Crypto Exchanges Are Suddenly Being Censored In Iran
- Hong Kong Continues Taking Regulatory Action, Hopes to Become International Blockchain Hub
- International Task Force Notes Use of Cryptocurrencies in Financial Crime
- Among Blockchain-Friendly Jurisdictions, Malta Stands Out
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False. Trust in the most valuable resource for money. Gold only is good because it has trust.
One day, cryptocurrencies will have trust, and gold-backed wouldn't be necessary.
In fact, dollar is not gold-backed, and have trust for more than 300 million people and for all the international markets.
Good nice post
Btc price will eventually stabilize in the future. For now it’s the Wild West baby.
yes