I saw an interview on World Alternative Media's youtube channel and they were interviewing a guy who has started a goldbacked crypto and I thought, how worthless! Why would I use a gold backed crypto when I can just use gold? There is going to be a battle between Cryptocurrencies and GoldMoney.com. With GoldMoney, you can use gold digitally for the modern age. I am a gold bug, so crypto supporters would always tell me that they wouldn't use gold because it is manipulated on the futures market. They keep the price down using it. So now that there are futures for bitcoin, it will never ever achieve full market value because the same thing will happen. Once the price goes up, they will throw bitcoin futures contracts at it until the price drops. But, unlike gold I can't do anything with a bitcoin other than pray someone takes it from me. I can at least wear my gold and look good doing it.
I think personally in the long run GoldMoney will win the war. They have a great platform with GoldMoney Holdings. You can hold Gold, Silver, Platinum, Plladium, 9 different currencies as well as Bitcoin and Ether. You can use crypto to purchase gold as well. I can see a situation where crypto falls in value and there being a rush to change your crypto into real assets.
