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 trust of people around the world. Its blockchain technology ensures that it cannot be diluted or forged, and there is only a finite supply of it—which means that, like gold, it can only be mined to a certain extent. Unlike government issued debt (such as the dollar, aka the Federal Reserve note), BTC and gold are excellent stores of value because they keep track with inflation. As dilution of government currencies causes devaluation and price inflation, gold and BTC will only rise in demand. The very nature of BTC,...
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