Goldmoney CEO Roy Sebag Illustrates Gold’s Superiority to Bitcoin as Money in Response to Statements Made by Grayscale Investments
Goldmoney Inc. (XAU.TO) (XAUMF) (“Goldmoney”) (“the Company”), a precious metal financial service and technology company, today announced the release of a new white paper by Goldmoney CEO Roy Sebag: “Drop Gold and The Myths We’re Told – A Naturalist’s Exposition of Gold’s Manifest Superiority to Bitcoin as Money”.
The white paper addresses recent statements and representations made by Grayscale Investments, LLC (“Grayscale”) and its principal, Barry Silbert, through an advertorial campaign entitled: “DropGold”. The paper examines the natural properties of bitcoin and gold and highlights several proofs for why gold is superior to bitcoin as money.
1. Bitcoin, far from being weightless or virtual, is in actuality physically heavier than gold.
2. Bitcoin occupies more volumetric space than gold.
3. Gold is more value dense than bitcoin.
4. Bitcoin needs gold to exist, gold doesn’t need bitcoin to exist.
“It is my hope that the Bitcoin community will embrace this research and a shared understanding that the gold and cryptocurrency communities should be working together rather than against each other as we march towards the inevitable demise of the fiat currency system,” said Roy Sebag, CEO of Goldmoney.
About Goldmoney Inc.
Goldmoney Inc. (XAU.TO) is a precious metal focused company that safeguards $1.8 billion of assets owned by clients located in over 150 countries. The company’s activities include: sale and purchase of precious metals and their storage through Goldmoney.com, online jewelry retailing through Mene.com (MENE.V), coin and bar sales and purchases through SchiffGold.com, and gold and silver collateralized lending and borrowing through LendBorrowTrust.com. Through these businesses Goldmoney provides its shareholders with long-term exposure to the precious metals. For more information about Goldmoney, visit goldmoney.com.
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