Many experts are now saying that there are no incentives for the growth of gold, some suggest that in
order for the rally in gold to begin, something tragic must happen - war, social upheavals, financial crisis, a new wave of pandemic.
But for some reason, they ignore the fact that some countries are ready to legalize cryptocurrencies
, provided that they will be regulated by the state and will obey certain market rules.
all experts are very happy to perceive this fact, but they overlook the fact that cryptocurrencies need not only to be regulated, but also to be provided. Financial transactions that are carried out with the help of cryptocurrencies are not collateral, but only part of financial processes.
If the regulation of currencies is brought under the security of the dollar, you will get an asset in which the dollar will trade against the dollar. Accordingly, it is necessary to provide cryptocurrencies, taking into account the fact that this should be replicated on the international market,
this means that the security must be international, without reference to a specific national currency.
So - what is the probability that the incentive for the growth of gold may be the fact that the cryptocurrency will need to be provided with gold?
Under this condition, cryptocurrencies will not be politicized like the dollar and geopolitical risks are reduced when using them.
If cryptocurrencies receive gold collateral, this will allow the market of two assets to be preserved - both cryptocurrencies and gold as a protective security asset.
I would be grateful for your opinion and criticism.
Thanks.
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