In the latest instalment of LBMA’s digital gold webinar series, our speakers talk about how digital gold can be used as a payment tool.
On the question of whether digital gold will get more market capitalisation, Brent de Jong believes there’s still a lot of room to grow substantially. “There’ll be several more years before we reach critical mass,” he stated. “The investment that’s gone in shows it’s here to stay, and with increasing integration into the ‘real world’ shows it’s here to grow, too.”
“Gold now has an opportunity to be very tangible to people where it has been very intangible historically,” Alex Holmes said. “If you can tokenise that asset, put it in a digital environment, you can move and trade it easily. Regulation always follows innovation.”
“Nobody is asking to go into Gap to buy blue jeans with Bitcoin – it’s a speculative tool,” added David Galvan. “We just need to wait for the market to mature. It’s had great investment, some great technologies are being created - I’m waiting for it to go mainstream and be utilised by the masses to do good. I think great things are about to happen.”
Alex added: “It’s easy to create a token, or a crypto, but what is that really worth? Gold has intrinsic value – gold continues to shine.”
“The real opportunity is to link several of these things together,” finished Brent. “Linking the utility of gold – making it useful day-to-day – and liquidity, that’s where everybody wins. The groundwork has been laid and now is the time to see pretty rapid growth.”
This webinar is CPD Accredited. For more information, please contact firstname.lastname@example.org.
Digital Gold - Part 01
Sakhila Mirza (LBMA), Daniel Masters (CoinShares) and Peter Grosskopf (Sprott) comment on the need for support from regulators, major exchanges and sovereign vaults for the market to embrace Digital Gold. Standards need to be established and enforced to help provide integrity and confidence.
Digital Gold - Part 02
Sakhila Mirza (LBMA), Charles Cascarilla (Paxos) and Raghav Chawla (Fidelity Investments) talk about the challenges that come with the early adoption stage in Digital Gold, how the focus right now is on technology and infrastructure, and what stands in the way of this industry moving into its next phase.
Digital Gold - Part 03
Can bitcoin legitimately claim to be the ‘new gold’? Watch the latest in our digital gold series, Sakhila Mirza (LBMA) discussed these ideas with Charlie Morris (ByteTree Asset Management) and James Butterfill (CoinShares).
The Impact of Supply in Gold & Bitcoin
Charlie Morris, (ByteTree Asset Management) and Chloé Desmonet (MKS Switzerland) discuss the attributes of bitcoin, how it behaves during periods of uncertainty and whether it is the answer to physically moving gold between different centres such as NY and London.