Crypto Crashes While Gold Holds, But The Bulls Are Waiting

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Just when we thought that life was returning to normal after Covid, a large-scale war broke out at the gates of Europe.

The brief enthusiasm that came with the end of the blockade and vaccine mandates now seems like a distant memory. Markets reacted with horror to another setback, with billions of dollars erased from the global balance sheet.

For cryptography lovers, this has been a particularly difficult time. The long abstention of Bitcoin maxis was that Bitcoin and its minions would mature into a golden digit that came out of such a crisis, but that script was not followed. As traditional markets plunge into the red, crypto markets began to reflect these same movements.

Gold makes gold

In the midst of smelting gold continues to do what it has done for centuries. Standing firm as a solid hedge while everything else goes south, gold is still where the smart money goes in times of uncertainty.

It fell after a peak in early March above $ 2,000 an ounce, but remains strong and solid with most other free-fall assets.

Staying strong as markets crumble is already something to shout about, but Nitesh Shah, head of commodities and macroeconomic research at WisdomTree, believes gold prices are still on track to return to $ 2,000 an ounce even as the Federal Reserve embarks on an aggressive hardening. cycle. He added that his updated forecast models suggest that gold will amount to $ 2,300 in the first quarter of 2023.

Mixing solidity and innovation

Asia Broadband, Inc. AABB built its name after decades working in all aspects of gold production, supply and sale. The constant demand for gold has made things work well for the company in this field and they are now using their strong position to do something that may seem a little reckless given the current market conditions.

Instead of resting on its laurels after the big sale of one of its mining operations in Mexico, Asia Broadband decided to use this unexpected benefit to diversify and enter the cryptocurrency market.

In March 2021, Asia Broadband launched the AABB gold token that does something that others in this field cannot approach. Many projects have attempted to merge crypto and gold, but none appear to have the knowledge or resources to do so as AABB has done.

Its unique vertical integration of the gold backing of the mine sheet means that AABBG benefits from the advantages of both gold and cryptocurrency, providing an integrated level of price stability without denying the potential for price appreciation in both markets.

To support and increase the adoption rate of AABBG, the company has also launched the AABB Wallet and a proprietary digital exchange called the AABB Exchange.

These new additions to the company’s cryptocurrency offerings give AABBG token holders quick and easy access to liquidity and the ability to instantly exchange AABBG for other cryptocurrencies such as Bitcoin, Ethereum or Solana.

But isn’t Crypto On The Outs?

Many of the old guards may want to want cryptography and the digital future, but that just isn’t going to happen.

Crypto is here to stay. The current reflection of traditional markets will not make hodlers happy, but that change shows a new level of maturity and it is with this maturity that institutional investors are now turning to Bitcoin and other major cryptocurrencies.

A recent tweet from the Fidelity executive stated that boring is good for cryptography along with a chart that showed the impact that the institutional money that is coming in is likely to have on Bitcoin in the short to medium term.

In the “demand model” (S-curve of the mobile phone) used in its chart, BTC will reach $ 387,000 by 2026. If it follows the “supply model” (S2F), BTC will almost touch an incredible $ 1 million per coin. 2026.

There is no guarantee that Mr. Timmer is right about what the future holds, but even if he is half right, the crypto is about to go to another powerful bull in the not-too-distant future.

If this is the case, people who have been smart enough to fuse the stability of gold with Bitcoin innovation will surely be celebrating.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investment advice.

Photo of Jared Schwitzke on Unsplash

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