I know that I've covered the crypto currency world a lot lately, but that's only because it's growing at an incredible rate right now. As I write this, Ethereum is at an all time high and despite the Bitcoin ETF failing to get passed by the SEC this past week, it's also remaining at record highs. On top of it all, another coin was just created a few days ago, and this one is ground-breaking!
We finally have a crypto currency that is officially and completely backed by Gold. It's called OzGLD and I just set up my wallet for free through their site. I was a little skeptical at first, but the hype is no joke. The gold is secured and stored privately outside the U.S. and it is fixed in price with OzGLD. This prevents OzGLD from fluctuating in price and is only affected by the market price of physical Gold. In other words, OzGLD coins actually have value! In a world struggling to accept digital currency as a way of life, this helps ensure that a successful transition away from fiat money is possible. Check out the link below to learn more!
Oh yeah, I forgot to mention that you can purchase it with your Ethereum. Even better!
This is huge! We finally have the Silicon Valley equivalent for crypto currency. The not-for-profit Crypto Valley Association (CVA) in Switzerland will be a game changer in development and innovation, especially for Bitcoin and Ethereum. The CVA consists of blue chip companies, notable startups, and influential global leaders. With a focus on supporting startup crypto companies, blockchain technology will be integrated into societies around the world at a much faster pace.
If you haven't noticed over the last few days, Ethereum has been trending upward in price. A lot of it has to do with CVA being announced today and many other projects amongst major companies the past month. This should show you two important things. That Ethereum is here to stay and it will grow. The same applies to Bitcoin and the possibility of new crypto currencies in the near future. Again, my point here is that if you want to get involved, your best opportunity exists now.