Do you think gold and Bitcoin could ever come together to create a hard currency?
I am curious because the same people talking about gold and silver for the last 5 years are now pumping crypto currencies.
It seems like the obvious conclusion is both are awesome forms of money but may need to find away to merge the two.
I would register portions of gold or silver on a Blockchain and from there it could become a social platform of registering portions of gold or silver with verification of authenticity. Obviously we will have to discover the real value of gold.
If you want to know What the price of gold should be just look at the price of Bitcoin. If you look at what silver should be look at litecoin!
Let’s be rational here Cryptocurrency prices are way less manipulated than gold and silver prices. There are 1300 cryptos and only a handful of metals traded. It’s just a matter of time before the government loses control of the value of commodity markets and the markets decide the prices like crypto markets do.
Until I can hold a piece of gold or silver truly worth it’s weight in Bitcoin the markets are not finished deciding the true value of that commodity.
What do you think about this idea. Do you agree or disagree? I would like to know what you think!