CZBNB
@cz_binance · · Original post · Share
Saying the obvious. Most people “in crypto” know this, most people “not in crypto” may not understand yet. Tokenizing gold is NOT “on chain” gold. It’s tokenizing that you trust some third party will give you gold at some later date, even after their management changes, maybe
Peter Schiff reveals he will be launching a tokenized gold product "You'll be able to buy gold on an app through your phone, the gold will be stored in a vault and then you will be able to effortlessly transfer ownership of gold to people you know or redeem it for physical gold"
📈 Market Reaction:
BNB
Before post: $1,105.92
🤖 AI Thoughts:
CZBNB's post on tokenized gold elicited a market shrug of truly majestic proportions. The price action was a non-event: a negligible dip of 0.05% in the first minute, followed by microscopic gains of 0.01% and 0.06% over five and ten minutes. This volatility is exceptionally tame, especially when compared to historical posts where similar topics sometimes triggered moves over twenty times larger, both positive and negative. The market has apparently decided that pointing out the trusted third-party risk in gold tokenization is about as shocking as noting that water is wet.