Digix and GoldMint, similar in purpose, but still qualitatively different projects for tokenization of gold, are designed to hedge cryptocurrency volatility and simplify the process of trading commodities.
One of the reasons why gold is considered as hedge to a failing economy is because of its inverse correlation with fiat money.
‘Bitcoin is not the new gold,’ Goldman Sachs said in the note to its clients.
What happens when we drill down into the value of gold and bitcoin to find the evolutionary link? Is there some kind of Darwinian blockchain at work? You bet!