Company Soros abandoned crypts. Bitcoin in the role of digital gold under threat?

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2019-03-10 16:00:09

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Company Soros abandoned crypts. Bitcoin in the role of digital gold under threat?

Bitcoin was predicted to have different roles: global cryptocurrency, a means of savings, and even digital gold. However, one of the most famous companies in the world for investment in precious metals has decided to completely abandon the cryptocurrency. We are talking about Goldmoney, which is considered a world leader in secure storage of precious metals. Customers could purchase a variety of precious metals including silver, gold, platinum and palladium. Does this decision threaten the role of digital gold?

Goldmoney under the leadership of George Soros provided the service of direct purchase of precious metals for cryptocurrencies on its platform in November 2017, when Bitcoin was in uptrend. How, then, argued this step the representatives of the company, the management saw «incredible opportunities» that a cryptocurrency can give their customers. However, since last week, this option is no longer available. Moreover, if someone keeps crypto-currencies in Goldmoney, you have to exchange them for metals or you can request a withdrawal on a third party wallet.

The company's Management came to this decision for several reasons. First of all, we are talking about the weakening of interest in cryptocurrencies, owing to the prolonged bear market.

the

will Bitcoin ever become a digital gold?

It is unclear where all did trend to predict Bitcoin the role of digital gold. Think is the first mention Nathaniel Popper in his book «Digital Gold. An incredible story of Bitcoin or how idealists and businessmen invent money again». Since Bitcoin is quite closely associated with the store values.

Theoretically, Bitcoin would fit this role, if not a considerable price fluctuations. However, given the long decline, during which the coin has already lost 85 percent of its former value, to believe it more and more difficult.

The More data you look at . The current rate of coins can be found in our classroom .

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