Store of Value Remains Crypto’s Best Use Case
Store of value was the most viable and desirable use case across crypto in 2019 and offers a basis to increase adoption in the second decade of crypto, says Ryan Zurrer of Dialectic.
For the first time, investors can trade gold-backed futures contracts on a leading crypto derivatives exchange. In addition to its spot market trading, PAX Gold is now available as perpetual and quarterly futures contracts on FTX.
Ikigai’s Travis Kling looks at BTC's correlation to gold and crude in response to Iran missile strikes, plus SEC priorities and Congressional intrigue.
Tether is issuing a new stablecoin as ERC-20 and TRC20 tokens, backing their price with one ounce of gold.
Bitcoin, like gold, is a limited asset that can't be easily increased to meet demand. Bloomberg analysts predict the price of both will rise this year.
Bitcoin looks set to take a page out of gold's book and confirm a price breakout on the weekly chart.