Gold trade on Bitcoin blockchain network is no longer a distant dream. Now anyone can own real, physical yellow metal without having to store the golden bars at home with a constant fear of losing them to robbery. Bitcoin, the original cryptocurrency, delivers the biggest benefit to yellow metal lovers, who can now own, keep, or trade gold on Bitcoin network.
Yes, this is the biggest news of the day. According to a report on CoinDesk on Thursday, Swarm Markets and OrdinalsBot announced a strategic, ground-breaking partnership to allow people the luxury of gold trade on Bitcoin network. Don’t be lost in the translation of techy stuff; this news article presents all the information so you don’t have to miss out on the biggest opportunity of your life.
Gold Trade on Bitcoin Blockchain: The Best of Both Worlds
Crypto enthusiasts have long been referring to Bitcoin as digital gold and a store of value, just like gold due to its limited supply. However, things have changed drastically now. Anyone from any part of the world can now own, hold, or trade gold on Bitcoin’s network. Germany-based Swarm Markets came up with the innovative solution along with OrdinalsBot to unite Gold and Bitcoin, thereby giving investors an amazing opportunity to take gold investments to the next level, the digital level.
The best part is that Swarm Markets and OrdinalsBot have made it simpler than ever to trade gold on the Bitcoin network. The tiny pieces of Bitcoin, known as “Satoshis” act exactly like how cents are to a dollar. These Satoshis are inscribed with serial numbers as against the real gold bars. What it means is that now anyone can own physical gold bars tied to Satoshis on the Bitcoin blockchain. This is the coolest tech-savvy and much safer gold acquisition option in the history of the world.
The Future of Gold Investment Tied to Bitcoin
Gold investment has always been a go-to option for a clear majority of global investors to hedge against inflation and price differentials. However, physical gold trade comes with its fair share of hassle. Gold holders typically are worried about the storage arrangements, security protocols, and a number of many other things to keep their gold stacks safe and secure from unwanted prying eyes and hands. With this Gold-Bitcoin marriage, owning gold bars is no more a headache. Now, you can own, hold, or trade gold bars without having to worry about their safety or arranging a vault. Bitcoin offers state-of-the-art security on its network, which unites the best of both worlds.
It becomes an even better proposition for crypto enthusiasts who are well aware of the Bitcoin network and how it operates. You don’t need to trade Gold and Bitcoin on separate systems or platforms anymore. Now anyone can trade Gold on the Bitcoin blockchain network, which means no more confusion about “real gold” and “digital gold”. It also means that gold and Bitcoin can coexist as the world enters a new era of commodities and crypto trading.
Gold-Bitcoin Marriage = Magic
It’s nothing short of magic, to be honest. The Ordinals protocol makes it happen by inscribing Satoshis with data like text or images, thereby making them exclusive and unique. It converts gold bars in the data, which is the serial number of real gold bars. When someone purchases these special Satoshis, they actually buy real gold, and that’s not all; they can actually trade (buy or sell) with Bitcoin. As mentioned above, it does sound magical.
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Swarm Markets Co-Founder Timo Lehes summed it up perfectly: “Investors no longer need to debate whether they should hold real or digital gold. Now, you can hold both at the same time using the same blockchain.”
This Gold-Bitcoin marriage is a massive step forward for both Bitcoin and Gold as investors worldwide can trade in gold on the Bitcoin blockchain network. It will create a perfect launchpad for Bitcoin and other cryptocurrencies for mass adoption across the globe. Bitcoin and Gold have been compared for their limited supply and their recognition as a store of value, especially during turbulent economic times. It’s also a fact that both of these seldom perform in identical fashion. For example, while Bitcoin was mostly rangebound during the third quarter of this year, gold surged by approximately 10%.
After the amalgamation of Gold and Bitcoin, investors literally get the best of both worlds. It gives them a chance to hedge their bets by owning or holding real gold assets through Bitcoin Satoshis, thereby giving them more control and accessibility over their investments and assets. Another upside of this Gold-Bitcoin marriage is the fact that now investors can trade their gold assets quickly and securely on the Bitcoin blockchain and that too without the involvement of any intermediary, middlemen, or physical storage.
How to Buy, Trade Gold on Bitcoin Blockchain?
The biggest question to pop up in the minds would be: how to buy Gold on the Bitcoin blockchain. As part of their strategic partnership, Swarm Markets and OrdinalsBot are set to launch “Trio”, which is a new marketplace where gold will be the first real-world asset available for trading. The two companies aim to roll out Trio by the end of 2024. Once it goes live, anyone from any corner of the world will be able to buy and trade gold as easily as Bitcoin trading. According to the spokespersons of both companies, a successful launch of Gold on Trio will follow the trading of other assets, including real estate or art, by tokenising them. So, are you ready for the Gold-Bitcoin marriage?
This development has all the reasons to be a game-changer in the world of commodity and crypto trading. It would upgrade everything into asset tokenisation. That’s a fancy way of saying traditional assets like gold, real estate, and even art are being transformed into digital tokens that can be traded just like cryptocurrencies. This makes it easier for everyday people to invest in assets that were once out of reach. Owning a piece of gold is not a distant dream anymore, and you don’t have to be super-rich to be able to do that. Now you can buy a fraction of a gold bar and trade it digitally. This democratises investing, opening the doors for more people to get involved in owning valuable assets.
The Final Thoughts
As Bitcoin and Gold tie the knot, thanks to a ground-breaking partnership between Swarm Markets and OrdinalsBot, the future of real-world asset tokenisation looks more promising than ever. As part of this association, Gold -with its stability and long-term value potential- meets Bitcoin -with its speed and flexibility. Now that’s something that will make cryptocurrencies more relevant and prevalent in the times to come.
The best part is that this development will enthuse both Gold and Bitcoin supporters. If you feel intrigued, you will have to wait until the end of 2024 to start enjoying Gold trade on Bitcoin blockchain.
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