Smithing Down The Gold-Backed Cryptocurrencies
Cryptocurrencies can be considered both Peter Pans and Jack’s beanstalks of the world of technology. They seem to keep the curiosity, they never grow old, and at the same time, they grow bigger and bigger with every passing day! In all of these, cryptocurrencies – and many digital currencies for that matter – have grown without any backing of physical assets.
While this growth might be deemed as a great advantage by people who want to reap Return on Investments, the lack of physical backing for the cryptocurrencies is a cause of alarm for many financial experts.