Not all Cryptos are Built Alike: The Rise of Gold Backed Crypto!

Joel Drotts
4 min readMar 1, 2021

By Joel Drotts Esq

In a market and crypto cion world rife with speculation and doubt wouldn’t it be nice if you could find a crypto currency that was backed by more than mere lines of computer code, investor speculation, or consumer confidence? Well, for those investors seemingly uncomfortable with investing in or purchasing more than air and lines of coding one company coming out of Asia is about to be the newest powerhouse in not only Asian markets but on a global scale. This penny stock, which will only remain a penny stock until such time as the release of its gold backed crypto coin into the markets in the next week or so stands ready to not only see gains of well over 500% but fundamentally change the way people view crypto currencies and what people expect from their crypto currencies.

What is so fascinating and devastatingly attractive about this particular crypto currency is it is not being brought to markets by your typical group of computer coders looking to cash in on what they claim to be better usages of the same blockchain technology everyone else is using. No, this particular crypto coin is being offered by the subsidiary of an already well established and known mining and metals company out of Asia. A company that has rightfully predicted that a gold-based asset backed crypto currency would seem like an attractive alternative to not just other crypto currencies backed by nothing besides investor confidence and speculation, but also as a true alternative to…

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Joel Drotts

Bay Area native and self described Libertarian. An author and Juris Doctorate I' enjoy writing both fictional stories and articles.