By Bitcoinist - 2 years ago - Reading Time: 2 minutes
SHIB For Gold? Why Crypto Investors Could Look Toward Hard Money Sources
The move to digital currencies such as SHIB has been a swift one, especially in recent times. It has seen the younger, more tech-savvy generation choose crypto investments over traditional investments such as gold and stocks. However, it doesn’t mean that these traditional investment assets are losing the fight. Rather, there are some who have been finding ways to marry the two, thereby leading crypto investors on a path towards more tangible money sources.
The SHIB Gold Bar
Precious metals dealer APMEX has worked out a way to draw crypto enthusiasts towards hard money sources such as gold. The recent listing includes a gold bar that carries the face of the infamous Shiba Inu dog, known to millions of investors worldwide.
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The gold coin is being sold for $2,048.69 apiece but carries a discount pricing for customers who are purchasing them in bundles, also carrying different pricing depending on the mode of payment the customer chooses.
SHIB trading at $0.00002 | Source: SHIBUSD on TradingView.comThe website does not only offer gold coins carrying the Shiba Inu logo but others with easily recognizable crypto projects. These include Shiba Inu’s fiercest rival, Dogecoin, pioneer cryptocurrency, Bitcoin, and second-largest cryptocurrency by market cap, Ethereum. All of these carry the option of paying with either traditional methods or paying with cryptocurrencies.
Crypto Users Moving To Hard Money?
It would not be a surprise to see crypto investors move from digital assets like SHIB and Bitcoin to other physical forms of money like gold. One of the foremost characteristics of cryptocurrencies is how wildly volatile they can be. While this volatility can cause investors to make a lot of profit in a short time, it can also see them losing significant sums of money in a short time period too.
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So while these hard money alternatives like gold may not promise large returns like their digital counterparts, they offer a more ‘stable’ way to accumulate returns for investment. Thus, crypto investors who are looking to spread their risks and maybe take on fewer risks than those associated with the crypto market may easily move to investments like gold. And what’s more, get a gold coin with the symbol of their preferred cryptocurrencies etched onto them.
Alternatively, the crypto gold coins could also serve as a souvenir of sorts for investors. Not only do they get to keep a gold coin that appreciates over time, hence providing a return on investment, but they also have an everlasting symbol of the cryptocurrencies which they support.
Featured image from Cryptopolitan, chart from TradingView.comOriginal source: Bitcoinist