In a world where the shiny allure of gold meets the digital realm, Peter Schiff, a man who has more opinions than a cat has lives, has once again donned his economist hat (which, we assume, is made of gold). He took to the mystical land of X (formerly known as Twitter, but let’s not dwell on the past) to proclaim that tokenized gold is the crème de la crème of blockchain technology. Yes, folks, he’s backing a $1.1 billion gold-backed treasury initiative, because why not throw a billion dollars at something that glitters?
On the fateful day of August 15, Schiff, in a moment of sheer brilliance, reacted to a post from Streamex, a platform that’s apparently all about turning gold into digital tokens. He noted that only a paltry $1.7 billion of gold has been tokenized, which is about as much as a squirrel would save for a rainy day. This represents a mere 0.008% of gold’s staggering $22 trillion market cap. Talk about a drop in the ocean!
With the confidence of a man who just found a winning lottery ticket, Schiff declared, “This is what I’ve been saying for years. The best monetary asset to tokenize is gold. Tokenized gold improves on all the monetary characteristics that gold has than Bitcoin lacks. It solves all the problems that Bitcoin can’t.” Well, that’s a mouthful! It’s like saying a golden retriever is better than a Bitcoin because it can fetch your slippers.
Streamex, in its infinite wisdom, also pointed out the benefits of gold tokenization: global access, liquidity that flows like a river, security stronger than a dragon’s hide, and financial barriers lower than a limbo stick at a party. Apparently, gold is now ready for its digital debut, and it’s wearing a tuxedo.
Gold-Backed Tokens Challenge Bitcoin
In a follow-up post that could only be described as a digital mic drop, Schiff reiterated his views, referencing the grand plans of BioSig and Streamex. He boldly stated, “Tokenized gold will eat Bitcoin’s lunch.” One can only imagine Bitcoin’s reaction-probably something akin to a toddler losing their ice cream cone. And who needs a U.S. dollar “stablecoin” when you can have a coin that represents ownership of real gold? It’s like choosing between a cardboard cutout of a pizza and the real deal.
Earlier this year, BioSig Technologies, a company that sounds like it’s straight out of a sci-fi novel, announced plans for up to $1.1 billion in funding post-merger with Streamex. This capital will be used to build a gold-backed treasury and scale a real-world asset (RWA) tokenization platform. The agreement includes a $1 billion equity line of credit and $100 million in senior secured convertible debentures with a 4% interest rate. It’s like a financial buffet, and they’re going back for seconds!
As the digital asset market evolves faster than a rabbit on a caffeine high, it seems there’s a growing appetite for reliable, asset-backed substitutes for both Bitcoin and those fiat-pegged stablecoins. This audacious step indicates that institutional interest in tokenized commodities is as real as the gold itself-if not more so!
Read More
- ETH PREDICTION. ETH cryptocurrency
- OKB PREDICTION. OKB cryptocurrency
- EUR HUF PREDICTION
- EUR RUB PREDICTION
- EUR BRL PREDICTION
- INR RUB PREDICTION
- DOGE GBP PREDICTION. DOGE cryptocurrency
- LTC PREDICTION. LTC cryptocurrency
- ALGO PREDICTION. ALGO cryptocurrency
- Will Tornado Cash Co-Founder Take the Stand? 🌪️💰
2025-08-15 15:35