Why The World Needs A Bitcoin Gold Exchange Essay

Length: 3 pages Subject: Economics Type: Essay Paper: #65877239 Related Topics: Bitcoin

Excerpt from Essay :

Business Proposition for Opening a BTC-Gold Exchange in Palestine The world economy is fast increasingly unstable as social issues such as massive migrations, economic issues such as crushing national debts, and political issues that are leading to threats of war among many nations, are becoming more and more apparent with every passing day. To protect against these issues, investors seek alternatives. Bitcoin (BTC) and gold both present themselves as exceptional stores of value. The reason for this is that neither is subject to the control of centralized banking, which in recent years has printed off hundreds of billions (even trillions) of dollars in fiat cash, diluting the money supply, and devaluing currencies across the globe. BTC and gold are viewed by investors as both safe havens and hedges in times of economic uncertainty. Today’s economic climate is exacerbated by political risks and social destabilization, from the US to Europe to the Middle East and on to Asia.

Irrespective of location, therefore, it is imperative that an exchange for BTC and gold be offered to clients wishing to take advantage of the value that gold and the crypto-currency offer investors as safe havens and natural hedges free from the intrusive interventionism practiced so frequently by the Fed, the ECB, the BOJ and virtually every other central bank on the planet.

Creating such an exchange out of Palestine now would help to establish the digital and security know-how to pave the way for a future digital currency. The rise of crypto-currencies, such as BTC, Ethereum, Litecoin and hundreds of others, is a clear sign that the world is moving more and more towards embracing digital currencies as the favored vehicle for trade. It is already the case that many online merchants and organizations accept payment in BTC, which shows that the currency has the inflation. As dilution of government currencies causes devaluation and price inflation, gold and BTC will only rise in demand. The very nature of BTC, however, makes it easier to use in trade, as it can be exchanged simply using online exchanges. By establishing a virtual exchange for BTC and gold, Palestine would be at the forefront of the fast-approaching monetary revolution. In reality, there is no choice but to act quickly: the creation of blockchain technology and the unconventional monetary policy of central bankers since the 2008 economic crisis have resulted in a situation where investors want to place their money in stores of value that are outside the hands of central banks. A BTC exchange has synergies with the BTC-money-gold-asset proposition because it facilitates the investment in such assets. In order to buy and sell BTC, an exchange is needed—such as Coinbase or any of the other several exchanges around the globe. In order to buy, sell or trade money or gold assets online, the same is true. An exchange that facilitates BTC and gold sales would give investors the opportunity to safe guard their wealth and buy one of the hottest—if not the hottest—currency on the planet right now. Such an exchange would allow for investors holding to cash (which banks are currently devaluing) to get out of their cash positions and store their wealth in safer asset classes. Gold and BTC are both recognized globally as asset classes that will survive the coming economic collapse. Were Palestine to open an exchange for these assets, it too could be assured of having a place in the economic future of the new world order fast approaching.

Exclusivity for a number of years is a pre-requisite for this concept, because it is imperative that banks not replicate the idea and gain control of the crypto-currency sphere. By owning and operating an exchange outside the control of central banks, Palestine would establish itself as a major player in a global phenomenon that virtually every investor in the world is interested in becoming a part of. The driving idea behind this phenomenon is the distrust that more and more people have for banks, as a result of the unconventional monetary policies they have enacted in recent years.

The more established and well-known an exchange can become, the more likely that exchange is to wield a great deal of influence in the coming years, as investors flee unstable markets and turn to asset classes that are free…

Cite this Document:

"Why The World Needs A Bitcoin Gold Exchange" (2017, August 06) Retrieved June 3, 2023, from

"Why The World Needs A Bitcoin Gold Exchange" 06 August 2017. Web.3 June. 2023. <

"Why The World Needs A Bitcoin Gold Exchange", 06 August 2017, Accessed.3 June. 2023,

Related Documents
Bitcoin Essay
Words: 3104 Length: Pages Topic: Paper #: Array

The finance world is finally abuzz with news of bitcoin and other cryptocurrency. What are cryptocurrencies, and what do potential investor need to know about them? This bitcoin essay offers a brief background of bitcoin and other cryptocurrencies, also referring to the blockchain software that underlies them. Then, this bitcoin essay explores what financial analysts say about the viability of bitcoin as an investment. Finally, this essay will how and

Can Cryptocurrency Be Centralized by Banks
Words: 5968 Length: 20 Pages Topic: Business Paper #: 19276582

1 Summary of “Which Competitive Advantage(s)? Competitive Advantage–Market Performance Relationships in International Markets”IntroductionKaleka and Morgan (2017) conducted a study to evaluate the elements of competitive advantage among exporters in the UK. Specifically, they looked at the factors that affect competitive advantage and which types of competitive advantage yield the best results. The authors focused on price, product and service quality in relation to performance among international firms. The framework for

Forecasting Return and Spillover with GARCH's
Words: 12377 Length: 48 Pages Topic: Finance Paper #: 49725240

57 Spillover Effect on the Stock Market and Bond Prices in Relation with GARCH Abstract This study examines the spillover effect between bond and stock markets in the U.S. using GARCH. The finding of a unidirectional spillover flow from bonds to stocks in the U.S. is discussed in the light of new marketplace variables that have been introduced into the markets in the previous decade. These variables include the rise of HFT, algorithm-driven

ECB S Tools and Strategies
Words: 5055 Length: 15 Pages Topic: Finance Paper #: 94423583

ECB’s Role in Stabilizing the Euro: Literature ReviewIntroductionIn 1999, the European Central Bank (ECB) took on the role of overseeing the monetary policy for the EU to ensure a stable currency. During the nearly two decades that have passed since, the ECB has faced two significant economic crises: the first very early on its new role, and the second approximately half a decade later when the Great Economic Crisis sent

Words: 4240 Length: 13 Pages Topic: Technology Paper #: 45547792

Introduction One of the most talked-about emerging technologies is the blockchain. Originally developed for Bitcoin, blockchain shows a tremendous amount of promise in terms of reducing certain types of friction, especially in business (Marr, 2018). Over the past couple of years, blockchain has been unpacked from cryptocurrency and a wealth of applications using the technology are in development. Many observers predict that blockchain technology will revolutionize a wide range of businesses

How to Perform Valuations for Municipalities in South Africa
Words: 64599 Length: 254 Pages Topic: Government Paper #: 12801485

……South African Municipalities Municipal Revenue Loss Reduction through Improved Municipal Valuation Methodologies:Balance Sheet Enhancement of South African Municipalities to Improve Rates and Taxes Revenue GenerationAbstractThis study examines the property valuation process of Municipalities in South Africa and develops a strategy for strengthening that process in order to more efficiently value properties and ultimately to enhance municipal balance sheets and increase revenue streams. This study proposes an innovative valuation method based