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Throughout history, gold has been seen as a safe haven asset that protects against inflation as well as political turmoil. Cryptocurrencies offer decentralization, security, and the ability to transport your assets anywhere in the world simply by remembering your seed phrase. Thus, gold-pegged cryptocurrencies are the absolutely best hedge against uncertainty…..or are they? In this post, I’ll explain what gold-backed stable coins are, what they do, and why. As always, nothing is financial advice. #crypto #gold #investing
Timestamps
00:00 Introduction
01:50 What is a Gold Crypto
03:01 Gold Isn’t That Good After All?
05:15 Gold and TETOWAKI
07:36 Conclusion
Throughout history, gold has been seen as a safe haven asset that protects against inflation as well as political turmoil. Cryptocurrencies offer decentralization, security, and the ability to transport your assets anywhere in the world simply by remembering your seed phrase. Thus, gold-pegged cryptocurrencies are the absolutely best hedge against uncertainty…..or are they? In this post, I’ll explain what gold-backed stable coins are, what they do, and why. As always, nothing is financial advice. #crypto #gold #investing
Timestamps
00:00 Introduction
01:50 What is a Gold Crypto
03:01 Gold Isn’t That Good After All?
05:15 Gold and TETOWAKI
07:36 Conclusion