Bitfinex launches Digital Gold. Finally!

Bitfinex launches Digital Gold. Finally!

By MadMaxx | Psycho Crypto | 24 Jan 2020


I've always wanted to invest in gold.

But with my recent obsession with the crypto markets and the fact that I still trade Forex, I believe I'm stretched way too thin to even consider gold right now.(plus I have school)

Now, Bitfinex has solved my problem, and boy am I grateful!

They have literally just launched Tether Gold(XAUT) on their exchange and this is a wonderful addition in my opinion. Trading gold against the US dollar (USDT) is a great way to go about it, but trading gold against BTC would be the ultimate comparison in my opinion. Everyone always says that BTC is Digital gold. Now we have digital gold. Let's see if that's really true.

The stable coin will be paired to Gold's price the same way every other stable coin is pegged to the Dollar's price. 

I believe that this is an awesome and very much welcome achievement for Bitfinex. What do you think? Is bitfinex too controversial to lead this revolution? 

Let me know down below!

Links to the site where everything is explained in detail: HERE.

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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