The Future Of Gold Rests With Blockchain, Says Sprott CEO

Gold belongs on the blockchain markets, according to Sprott CEO Peter Grosskopf, who said that the precious metal is the digital sphere's best new asset Grosskopf justifies this transition with the claim that the future of gold is digital "[It's] more secure because it is backed by the physical metal and it has a ledger that is being tracked, so gold can't be hacked," he stated.

Grosskopf's statements are complemented by a bullish forecast of the gold market Labeling gold as a chameleon, he argues it can achieve substantial growth if losses occur in other economic markets, such as negative real rates In contrast to the increasingly bearish attitudes currently surrounding gold, Grosskopf noted the rise in gold sentiment, revealing that more sophisticated investors are entering the market.

"Nobody likes gold right now and we're contrarian, and we think there's great investment opportunities across the spectrum in gold even if it doesn't move," he said. . Source