L The cryptocurrency market is struggling to gain widespread adoption in global financial markets. Nonetheless, according to an executive in the precious metals industry, gold could be uniquely positioned to succeed as an accepted digital asset.

Randy Smallwood, CEO of Wheaton Precious Metals and president of the World Gold Council, said in a recent interview that l'or continues to establish itself as a global store of value, attracting a new generation of investors who have experienced unprecedented times. Uncertainty and volatility. For him, the scarcity of gold gives it its value. To believe him, he noted that there are tens of thousands of digital coins on the market and that as many of them have failed in recent years.

For him, Bitcoin's poor performance through 2023 could allow gold to shine on the digital market. Smallwood reported that until 2023, the World Gold Council style="font-family: "Bookman Old Style”, "serif"">saw significant interest from banks around the world interested in the digitization of physical gold.