According to Greg Cipolaro, the translation of precious metal into blockchain will increase its transparency, although the supply will still be dependent on centralized structures, unlike bitcoin.
“The tokenization of the US gold reserves will improve the perception of bitcoin and other cryptocurrencies in the community,” Chipolaro believes.
He noted that the interest in the state of the US gold reserves intensified against the background of the resumption of calls among economists to independent audit of storage facilities.
Despite the fact that precious metalla tokenization projects will not be able to function independently, like the first cryptocurrency, their presence in the market will help to attract additional funds, the expert explained.
Earlier, the Executive Director of the Presidential Council of Consultants on Digital Assets of Bo Hines said that the United States needs as many bitcoins as they can get. ”
Source: Bits
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