
Bitcoin vs. the Real Digital Gold
Rethabile Reey Mohon
Description
<p>On today's episode of The Blockchain.com Podcast, we're joined by Charlie McGarraugh, Chief Strategy Officer and Head of Markets here at Blockchain.com. </p> <p>While crypto prices plummeted in May, gold had its best month since July of last year, up 8% for the month. Garrick Hileman - Blockchain.com's Head of Research - and Charlie discussed what's happening with gold, crypto prices, and tokenized gold like Blockchain.com's own DGLD token. </p> <p>In this episode, we discuss:</p> <ul> <li>Charlie’s background as a gold trader at Goldman Sachs and the structure of global gold markets<br> </li> <li>why tokenizing traditional assets like gold is useful, and what functionality and advantages tokenization brings<br> </li> <li>Are gold and bitcoin more competitive or complementary?<br> </li> <li>Blockchain.com’s tokenized gold product called DGLD - how it is constructed, where the gold is stored, and its new wrapped version called wDGLD that can be stored and transacted in the Blockchain.com wallet</li> </ul> <p>Enjoy! </p> <p>----</p> <p>Previous podcasts with Charlie McGarraugh - <a href="https://anchor.fm/blockchain-com-podcast/episodes/Episode-10-The-Crypto-Markets-with-Charlie-McGarraugh-eoridj">Episode 10: The Crypto Markets with Charlie McGarraugh</a> and <a href="https://anchor.fm/blockchain-com-podcast/episodes/Episode-27-Is-the-crypto-bull-market-still-intact-e11nd09">Episode 27: Is the crypto bull market still intact?</a> </p> <p>Blockchain.com's <a href="https://docs.google.com/document/d/1sxqYyJEw-4pMHW6Qa4loGJ7JosquPGoI-O1aAKb2fB4/edit#heading=h.v78g5pjka82z">Gold Token Primer</a> and <a href="https://medium.com/blockchain/going-for-gold-cbc5f7644c18">Going for Gold? A Research Primer on Gold-Backed Crypto Tokens</a>.</p> <p>More reading - <a href="https://medium.com/blockchain/november-markets-bitcoin-sets-a-new-all-time-high-while-gold-plunged-a572591120e3">November Markets: Bitcoin sets a new all time high while gold plunged</a>, <a href="https://medium.com/blockchain/gold-i