Traditionally, gold played the role of safe financial haven, but the appearance of the BTC, Ethereum, and the GMB coin crypto currencies are now changing the game. Over the past decade, cryptocurrencies have become a part of the financial game, far surpassing the value and usage of gold. There is no need to go back 10 years to compare the assets. To put things in perspective, in 2019, a single BTC coin costed $3,746 and today is valued at $13,000. During the same time frame of 2019, Gold increased by only $500.
The market cap shared between all digital assets is nearly 250 billion USD with daily trading averaging in excess of 30 billion US dollars.
Since the announcement of the coronavirus in December 2019, investors and financial markets have been forced into unknown territories and any position tends to be, even more than ever before, an educated guess. The American economy has shrunk by 33% while other nations are struggling to pay their bills. The need for stability is more obvious now that it was before the pandemic, until we get out of this health crisis.
Blockchain technology offers a transparent ledger which has proved its efficiency when it comes to investing and finding a safe place to put money.
Let’s examine a few examples. Bitcoin, created in 2009, is currently the most popular cryptocurrency. Since the pandemic, the token was able to steadily increase its value.
The second example is even more obvious. Ethereum has literally walked into the steps of gold. The way Ethereum works, by adding smart contract functions, makes it an even superior tool for investors. Over the past year, Ethereum value has increased by 155%.
In the past 24 hours alone, due to PayPal’s intended acceptance of crypto currency to facilitate financial transactions, the Bitcoin (BTC) value has increased by 10% and the Ethereum (ETH) by over 12%.
Still, most cryptocurrencies are not that common to use for most people, and unlike gold, they are not that easy to put your hands on. Also, the lack of regulation surrounding them can be worrisome.
South Korean GMB Coin
South Korea is one of the world leaders when it comes to cryptocurrencies. The South Korean regulatory background provides a legitimacy that is quite unique in the cryptocurrency world. Per capita, crypto currency is used for daily online and offline commerce by more Koreans than any other citizens of any country in the world.
South Korea recently gave a legal frame to cryptocurrencies, and thus, when investing in them comes to mind, any token protected by their regulatory body should be considered a priority.
One of the more popular coins to be distributed via South Korea is the GMB token.
GMB is an acronym for Gold “Master and Branch”. GMB offers two types of cryptocurrency assets that are both unique and dynamic. The first is the ‘Master Coin’ and the second referred to as a ‘Branch Coin’.
The GMB Coin is based off a dual-cryptocurrency structure providing GMB token stability. GMB facilitates the use of the digital asset by merging the virtual and real world together through a unique eco-system that is fast, convenient, and borderless.