Matthew Kratter: Bitcoin Superior to Gold as Store of Value Market analyst Matthew Kratter advises against converting Bitcoin (BTC) to gold, despite gold's recent price surge. Kratter highlights Bitcoin's superior scarcity, portability, verifiability, and divisibility compared to gold. Gold faces challenges like supply shocks, uncertain future discoveries, and verification difficulties, unlike Bitcoin's fixed 21 million cap and blockchain verifiability. Kratter also points out gold's limitations in a digital economy, including high shipping and insurance costs, and counterparty risks associated with tokenized gold. He argues that Bitcoin, especially in self-custody, eliminates these risks. While the debate between BTC and gold advocates continues, Kratter believes Bitcoin's native digital utility and scarcity give it a decisive edge for future-looking investors.
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As gold prices continue their "meteoric run" to reach levels above $4,000 per ounce, prominent market analyst and educator Matthew Kratter is advis...
‍Marshall Islands Trials Stellar Blockchain for UBI Payments The Republic of the Marshall Islands is piloting a universal basic income (UBI) program using the Stellar blockchain and a novel digital asset, USDM1. This initiative aims to overcome systemic banking shortages and provide financial access to its 40,000 citizens through a user-friendly digital wallet, Lomalo, developed by Crossmint. The USDM1 token is a yield-bearing sovereign bond, offering stability and benefits akin to a money market fund. This transition from cash-based systems and reliance on a single correspondent bank addresses significant geographic and financial isolation challenges, enhanced by Starlink satellite internet connectivity. The Stellar Development Fund supports the project with a multi-million dollar grant.
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Marshall Islands Trials Stellar-Based Crypto for Universal Basic Income
The Republic of the Marshall Islands (RMI) has launched a pilot program utilizing the Stellar blockchain to distribute universal basic income (UBI)...