Is Tiberius' currency a threat to the existence of cryptocurrencies?

Various entities and institutions are trying to publish their cryptocurrency now or in the future. Each of these projects will be supported by resources of some kind. The Tiberio Group, the Swiss commodity fund, issues its new token. Unlike most competing projects, this new currency will be effectively supported by precious metals.

Tiberius Group cryptocurrency

The financial industry has shown a strong tendency to ignore Bitcoin. Although most companies recognize the potential of blockchain, they do not consider cryptocurrencies as a viable long-term solution. This is quite strange, considering that many institutions are issuing their cryptocurrencies at this stage. The Swiss Tiberius group is one of the first big companies to take the plunge.

Through his initiative by Tiberius Coin the group is taking an interesting position towards cryptocurrencies. The company intends to create a more stable digital currency by combining its tiberia currency with precious metals. More coin iterations will be introduced, depending on the metal from which they are supported. One product focuses on rare metals, while another is supported by common metals. An interesting and diversified approach that will introduce many new opportunities along the way.

As you would expect, all metal reserves will be stored in a secure deposit. In the case of Tiberius Coin, its activities are found in warehouses and refineries all over the world. This allows Tiberius Group to use this cryptocurrency enterprise as a marketing and promotion activity in the first place. It also offers an investment product that is feasible for both consumers and companies, but will also come at a high cost.

The biggest question is whether investors will show interest in these new cryptocurrencies. Other companies have tried to do the same, although they are usually limited to precious metals like gold and silver. Tiberius Group offers a wider selection of metals to support their cryptocurrencies with, although this may not necessarily be a viable long-term approach. Everything will depend on the accessibility of these currencies and the opportunity or not to offer real investment potential.

Final considerations

The Tiberius Group company is quite interesting. Although the support of metal cryptocurrencies is not a bad idea, it may not necessarily attract institutional traders. The chances of making big profits with Bitcoin are much greater than the counterpart of Tiberio's currency. At the same time, there are those speculators who prefer stability over volatility . Both forms of investment can easily co-exist for the foreseeable future.

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