The major advantage of investing in gold-backed tokens is that, unlike physical gold, they are digital and can be divided into smaller parts, making them readily transportable, easily transferable and relatively more affordable.
Another key benefit is that since gold-backed tokens are pegged to the price of gold, they will maintain their value even when other cryptocurrencies are crashing. This makes them a good investment during volatile periods in the cryptocurrency market.
BITXGOLD (BXG) Gold-backed cryptocurrency can also be used as a hedge against inflation. If the price of gold rises, the value of the currency will also increase. This could protect investors from losing money if the price of other assets, such as stocks, were to fall.
Gold-backed cryptocurrencies can be bought and sold on exchanges just like any other type of cryptocurrency and can also be used to purchase goods and services online. People who invest in gold-backed cryptocurrencies enjoy increased returns from the pricing of gold and can redeem tokens in exchange for gold.
The founder of BITXGOLD (BXG) Shahram Zandy Moghadam is educating the governments about the benefits of Gold-Backed BXG token and its benefits against the inflation in the hard times ahead!