Dash Coin Now Backed By Gold!? Investor/Analyst Claims Grayscale Bitcoin Trust Can Block Withdrawals
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The Dash Investment Foundation (DIF), the first ownerless and memberless investment fund in the world, recently purchased physical gold on the crypto to gold trading platform Vaultoro as part of the fundโs Dash to gold rebalancing strategy. Head of product at crypto market data firm Messari โ raised major criticism about the way in which the Grayscale Bitcoin Trust, or GBTC, is set up. Veteran hedge fund manager Paul Tudor Jones on Wednesday criticized the Federal Reserveโs quantitative easing policy.
#Dash #cryptocurrency #bitcoin
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https://cryptodaily.co.uk/2020/06/dash-crypto-backed-gold
https://cointelegraph.com/news/investor-claims-theres-no-way-to-cash-out-from-grayscales-bitcoin-trust
https://www.newsbtc.com/2020/06/11/tudor-jones-inflation-bitcoin/
Thanks again.
Dash is not backed by gold. Bad idea. Should have bought physical gold (bad idea) or buy BTC.
Pretty sure there's a 3 year lock up. Or something like that when you purchase gbtc
I am waiting for the day Google ,Apple or another wall st heavy to buy one of my bags. It only takes one bag for me to make it. ๐
Good luck trying to redeem your dash tokens for gold. The GBTC story concerns me since the only form of Bitcoin that I have is actually in the GBTC ithat I put in my Roth IRA. When is the bond lady coming back on ?
I thought the whole point about cryptocurrencies was to have its own value, by the trust of the people, owned by the people. Who owns the majority of gold? Not the people.So why would you need a outdated means of exchange to put value on your token? It does.not make any sense. When they crash the economy,which is already underway with the "plandemic" and reset it, and tell us that we are going back to gold standard, the same guys will be in control…
#notyourkeysnotyourcoins stick with the real thing ๐ช๐พ
F- it Dash is a very small hedge fund using gold as a tool to cycle between gold and dash. No Redemption, you make a good point however, it's super light on the hedge fund $$$$$. But a good idea to grow the fund pool.
So I keep a list of fake Bitcoin. It is as follows.
BTC on an exchange
Wrapped BTC should have BTC?
T-BTC / Not BTC, ETH in a smart contract.
Futures BTC
Gray BTC Trust BTC
BTC on a DEBIT card.
Credit card Rewards in BTC
BTC on the lightning network.
P/S/W-BTC (4 BTC coins BTC++) I think real BTC on ETH!
Bitfinex pBTC token a cross chain platform from BTC to the Defi platforms ETH & EOS. Real BTC 1:1 peg ๐ณ?
Teather / BTC?
Regarding Dash and the Gold situation, You should try to get Amanda B Johnson on to talk about this and give her take. Shes heavily involved in Dash, and I bet you would come on for an interview. Id like to know where Dash is headed from here. Dont hear much about it anymore.
No seems like its not redeemable so not 'backed by gold'. This just gives the foundation an option to swing trade dash vs gold.
Informative!
Wish I could buy digi but coin base dont have it