Tokenized US gold could ultimately benefit Bitcoin: NYDIG

An idea to tokenize or track US gold reserves to make their movements transparent on a blockchain won’t work in the same trustless way as Bitcoin does, but doing so could help the cryptocurrency, says a research analyst. Greg Cipolaro, global head of research at New York Digital Investment Group (NYDIG), said in a March 21 note that Trump administration officials, including Elon Musk, have floated using a blockchain to track US gold and government spending — an idea supported by crypto executives. “Here’s the thing about blockchains. They’re not very smart,” Cipolaro said source: https://cointelegraph.com/news/tokenized-us-gold-not-like-bitcoin-but-could-benefit-nydig?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound