Gold-backed Tokens: Hidden Potential, Drawbacks, Prospectsby@ahrenposthumus
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Gold-backed Tokens: Hidden Potential, Drawbacks, Prospects

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In today's investing world, assets such as gold have been labelled safe-haven assets that can help investors mitigate the effects of inflation and currency depreciation. Gold has various distinguishing characteristics that have fueled its global demand as a single commodity. Gold provides relative price stability because it is less volatile than stocks. Bitcoin and Gold are not immune to economic inconsistencies; nonetheless, compared to fiat and other similar assets, the pair has outperformed significantly. The idea of improving gold through blockchain technology is already being implemented by some of the Web3 ecosystem's most innovative startups.

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