Take a fresh look at your lifestyle.

BTSE exchange has announced the launch of Bitcoin gold futures


BTSE is the first exchange on launching gold futures whose price is in Bitcoin.

These contracts allow speculate on bitcoin's performance against gold and predict the future evolution of the reciprocal prices of these assets.

In fact, instead of seeing the price of a London troy ounce of fine gold in USD, as usual, BTSE users will be able to see it in bitcoin and bet on either up or down predictions using BTC.

To do so, BTSE uses a gold price index derived from Tether gold (XAUt), the Tether ERC20 token which replicates the price of gold and can be traded in BTC.

According to the exchange, this initiative is perfectly in line with the evolution of bitcoin itself into a globally recognized asset and continues to gain increasing attention not only as a speculative investment but also as a hedge against inflation.

In particular, the geopolitical, economic and financial events of 2020 have led an increasing number of operators to note with interest the level of reliability of gold in the long term, given the still sustained volatility of the financial markets. One of the possible alternatives to gold seems to be precisely bitcoin, chosen by traders and investors looking for new investment opportunities.

Meanwhile, the debate continues over whether Bitcoin is a reservation reliable value, especially when compared to gold. A growing number of financial institutions, central banks, and large investors are seeing BTC's potential to maximize its profits by focusing on the anti-inflation characteristics of the first cryptocurrency.

The CEO of BTSE, Jonathan Leong, said:

“Bitcoin is evolving towards a mature store of value. The performance of gold against Bitcoin fascinates both institutions and retail users, which is why we are excited to help traders to trade directly and speculate on the performance of both assets compared to each other by launching an index of gold with a price in BTC ”.

For several days in 2020, gold and bitcoin prices showed some degree of correlationBut this was abruptly interrupted by the global financial market crisis in mid-March.

However, after the storm, the prices of the two assets began to move again similarly, suggesting that more and more investors are using Bitcoin as a possible solution to protect themselves from inflation, similar to how gold has always been used for the same purpose.

In fact, some major investors They have also openly revealed it, demonstrating that this is no longer just a hypothesis, but a trend that is beginning to grow.

Although only a minority of large investors have decided to enter the cryptocurrency industry, an increasing number of them does not hide the fact that they are fascinated for this new asset class.

Leave A Reply

Your email address will not be published.