Chart tracking the price of gold in the last quarter The good people at Asia Broadband, Inc. (OTCMKTS: AABB) certainly seem to be in the know as they have made gold and other precious metals their business for the best part of the last 20 years. The thing that sets Asia Broadband apart from other companies is that they understand that diversification is always as important as being in the right market. Diversifying into digital gold
In March 2021, Asia Broadband launched the AABB Gold Token (AABBG), a gold-backed cryptocurrency, using $30 million of its own gold bullion as collateral with the goal of becoming a worldwide standard of exchange that is secured and trusted thanks to its unique mine-to-token vertical integration. By launching a hybrid-crypto whose price is directly tied to gold that the company actually owns, Asia Broadband is doing something that others attempting to get into this sphere can’t come close to. With the AABB Gold Token, Asia Broadband is leveraging the historical stability of gold, wrapping it up in crypto, and placing this unique opportunity in the hands of its investors. But isn’t crypto too unpredictable?
The truth is that crypto is a developing and relatively volatile asset class. The other side of this coin is that the crypto markets have recently started to mirror traditional markets. A more mature crypto market may disappoint those who want Bitcoin to operate independently from the markets, like a digital equivalent of gold, but it has significant implications in the long term. It suggests that widespread adoption has begun, and that includes that oh so important institutional money. |
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