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In October this year the price of Bitcoin rose well over US$6000. While many investors will make their fortunes there are some well known critics of Bitcoin. Jamie Dimon, chief executive of JP Morgan, called Bitcoin a fraud and said it would blow up.
Bitcoin has been described as an investment wildcat. While investing in cryptocurrencies may be the next great boom it is a high risk frontier but at the same time it has the potential to create untold wealth. The total value of all cryptocurrencies today is around US$150 billion.
Everyone is talking about cryptocurrencies.
James Woodburn publisher of the Daily Reckoning in Australia refers to the ‘Small cap cryptos’ as being:
the last ways for the little guy to
grow rich, starting with just a
few dollars in your pocket.
He says the small cap cryptocurrencies are hot but won’t stay cheap for long.
Cryptocurrencies other than Bitcoin can cost as little as a few cents or just a few dollars. A little investor can afford to invest in cryptocurrency without the risk of losing too much money.
The new start up Crypto-Gold Coin is a cryptocurrency having all the technology and security of Bitcoin. Crypto-Gold Coin is based on 3rd generation blockchain technology.
But what makes Crypto-Gold Coin different from other cryptocurrencies is that it has all the value and certainty of gold.
Where Bitcoin has a perceived value just like the $5 note, Crypto-Gold Coin has an intrinsic value which is linked to the price of gold.
Every Crypto-Gold Coin is 100% asset backed by gold.
100,000 ounces of gold has been secured as a backing for 10,000,000 Crypto-Gold Coins. There is a security and first mortgage over this gold that is held in trust for all Crypto-Gold Coin owners.
With Crypto-Gold Coin the small time investor can purchase some crypto coins which are asset backed by gold for just a few dollars. Not only are they able to enter the crypto revolutionary market they have an alternative and innovative approach to investing in gold.