Cryptocurrencies backed by gold, such as Paxos Gold ($PAXG) and Tether Gold ($XAUT), have not only matched the growth of gold price but also outperformed the wider crypto market.
The gold spot price has surged around 24% since the beginning of this year. In comparison, $PAXG has increased around 23% during the same period, while $XAUT also surged by 24%.
Read on to know what this gold-driven bull run means for your crypto portfolio and how investing in the best crypto presales right now could be one of the smartest financial moves you can make.
Gold: The Safe Haven
Bitcoin has fallen around 12% year-to-date, whereas the wider crypto market capitalization plunged by almost 30%. The first quarter of the year also saw the highest inflows in gold ETFs since 2022, totaling around 226.5 tonnes.
The global economy is still recovering from the US-China tariff war, which ..
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