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Tag: Gold

Crypto could supplement central bank gold reserves

Central Banks might resort to cryptocurrency reserves as means of supplementing national gold reserves, according to veteran cryptographer Nick Szabo. He also holds that the use of digital currencies will rise in countries with distraught economies. Cryptocurrency Over Gold Speaking at the Israel Bitcoin Summit at Tel Aviv University, legendary…

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Bitcoin vs gold: which one would you choose?

Nick Szabo believes that Bitcoin (BTC) could replace Gold as an international value store. According to the acknowledged cryptographer, central banks could use Bitcoin and supplement their national gold reserves. He also believes that countries with macroeconomic problems would also begin to embrace Bitcoin and other digital assets. Szabo gave…

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“Revolutions do not happen overnight”: Why does not Mike Novogratz give up on Bitcoin?

The Bitcoin bull, Mike Novogratz, the CEO of the cryptocurrency commercial bank Galaxy Digital, is not affected by the recent bear market, and says that bitcoin is “digital gold” that will survive and prosper in the long term. Novogratz admitted that he lost money during the fall of 2018 due…

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