Crypto companies buying gold is fine. That’s bullish believe it or not to me. Gold is the standard when it comes to “stable liquidity” Has been for a while. Not decoupling that if you ask me, especially with technology giving gold a real use case as well.

I see a lot of FUD about “ exchanges are buying gold, why not buy gold and not btc/crypto. “ and they’re not wrong. Gold is a great asset to buy and hold. But it’s not practical to use and trade. And that’s why it’s bullish for Crypto.

Considering the USD is no longer backed by a gold standard, has not been for a while, doesn’t plan to be either by the looks of it.

Crypto is at least moving to a gold backed standard.

I will never be able to take gold into a grocery store and buy my necessities, but what I can do is trade a currency that is backed by gold for my necessities.

Which is why I’m bullish on exchanges scooping up gold.

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