What is the most important benefit from digitalization? The answer is that there is a digitalized version for almost everything. Highlight the term “almost”. The world is yet to undergo a 100% digitalization.
However, commonalities can be accounted for, for example, for currencies you have digital currencies known as the cryptocurrencies and for gold, you have digital gold, popularly known as the Bitcoin Gold. Continue reading to find out more about Bitcoin Gold.
Bitcoin gold or the digital gold is considered the hard fork of the most famous cryptocurrency – the Bitcoins, which drives a radical shift from the previously invalid transactions to a newer valid change. It is commonly represented as BTG and was released on 12th of November 2017, with a recently updated version released on the 6th of January 2018. The market capitalization value of Bitcoin Gold, as of April 26, 2018, is expected to be around $1,275,000,000 USD.
Thus, are you still wondering why you have never considered investing in BTG? Maybe this should be your next investment option.
From an investor’s point of view, there are 5 main advantages of investing in Bitcoin Gold. These include:
- Bitcoin Gold having a much greater value than traditional gold, that is, Bitcoin Gold or BTG will return more to an investor. BTG has the capability of returning almost five times of what was initially invested on it.
- Additionally, Bitcoin Gold, as an asset, acts differently from the conventional gold, bonds, and stocks. Therefore, it is interesting to add a new thing to your investment portfolio collection, a thing that is highly capable of returning huge returns.
- Thirdly, Bitcoin Gold is a good investment option in a market that is very volatile. Hence, it is preferred during turbulent market conditions.
- Further, BTG is a good option to avoid market crashes and earn money from the market explosions.
- In addition, if you are an existing Bitcoin investor, then it is much cheaper to buy Bitcoin Gold using your Bitcoins.
On the other hand, from a technologist’s point of view, Bitcoin Gold is advantageous mainly for one reason and that is:
- BTG can be easily mined using a simple GPU (Graphics Processing Unit) at the comforts of their home using their personal computer and requires no sophisticated system to mine, unlike
Hence, it is expected that Bitcoin Gold will rock the trade market making its presence felt really hard.