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Time to Buy Bitcoin, Stop Yelling about Gold, Says New Grayscale Commercial

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  • Yuri Molchan
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    Grayscale Investments keeps promoting its #DropGold campaign in favor of Bitcoin investment, releases its second promotional video

 Time to Buy Bitcoin, Stop Yelling about Gold, Says New Grayscale Commercial
Cover image via www.123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Grayscale has launched its second advertising campaign for its financial product – Grayscale Bitcoin Trust (GBTC). The investment fund has approached the task in a highly creative manner, making old school gold investors look miserable and lagging behind the times.

 

Showing gold as a useless rock

Grayscale continues its #DropGold campaign and launches another commercial making fun of gold and showing it as a useless piece of stone compared to the potential value that can be gained via exposure to digital currencies.

The video features a traditional entrepreneur laboriously mining a tiny piece of gold in a cave and then bringing it to a meeting with investors, yelling “Gooooooldddd!”

However, the leader of the investors’ team calls his find a ‘nice rock’ and says they would rather invest in Bitcoin as it is much more promising. The commercial can be watched here.

The head of Grayscale, Michael Sonnenshein, says in the official press release:

“We are delighted to continue driving the #DropGold narrative by introducing our second commercial, the next chapter in how we are helping to educate investors about the investment-case for Bitcoin and Bitcoin access products like GBTC.”

“Gold had its place in history but we now live in a digital world. Embracing innovation is going to make a key difference when it comes to building resilient investment portfolios.”

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The new Bitcoin video to target potential US investors

The new #DropGold commercial is going to run on social media, on digital and linear television for the target audience in large US cities. Grayscale also plans to include additional creative content to support the commercial on various social media platforms and digital TV channels.

 

What is your opinion on the new Grayscale’s Bitcoin investment commercial? Feel free to share it in the comments section!

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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XRP Price Likely to Hit $0.56 in Early December, Crypto Trader Says

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  • Yuri Molchan
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    A crypto trader analyses a crucial fractal on the chart, saying that a possible outcome could be $0.56 for 1 XRP by early December

XRP Price Likely to Hit $0.56 in Early December, Crypto Trader Says
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Despite the active expansion of the Ripple ecosystem and signing up over 300 new customers on RippleNet this year, the XRP price remains below $0.3.

At press-time, XRP is declining by 2.85 percent and is exchanging hands at $0.24.

XRP price CMC
Image via CoinMarketCap

A win-or-bust XRP forecast

The community has been eager for the price to surge throughout 2019. On Wednesday, U.Today published a story with bullish forecasts regarding the price.

Today, a crypto trader @TheCryptHawk has shared a chart on his Twitter page. It shows a possibility of XRP surging to $0.56 in early December if the fractal depicted on the chart in in play.

If not, the trader says, the price may collapse to $0.17-$0.18 and then – down to $0.12.

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XRP below the $0.25 support

A short while ago, XRP dropped below the $0.25 support level, where the coin had not been in several months. This is happening despite the recent Swell conference, which was expected to push the coin’s price way upward.

The community was expecting a bull run, since last year in November, as many believe, Swell triggered it. As a result, in January 2018 XRP hit its all-time high of over nearly $4.

This year, the loyal XRP community expects a bull run every now and then but all those expectations are in vain so far. This seems strange to many, since Ripple has indeed expanded its network significantly and provided a lot of actual utility cases for XRP.

Optimists are buying on the dip while the price is low (same as many doing when the Bitcoin price drops), hoping to reap their profits later on when XRP skyrockets.

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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