The future of cryptocurrency is evolving towards asset-backed models, and OREBITS, led by William Purpura, is at the forefront of this development. With Mr. Purpura’s esteemed background as the former CoB of the Comex (Chicago Mercantile Exchange), OREBITS has obtained a legal patent for a gold-backed cryptocurrency, making it the sole entity to legally offer this unique product within the United States.
OREBITS has embarked on an ambitious project to consolidate 147 gold mines located across the United States. Through a comprehensive valuation process, adhering to the standards set by the 43101 essay, these mines have been assessed with a staggering value of $2.4 trillion, taking into account the then current market price of gold at $1832 per ounce.
By backing the cryptocurrency with physical gold reserves, OREBITS combines the advantages of blockchain technology with the stability and tangible value of precious metals. This unique approach offers investors the opportunity to own a digital asset that is intrinsically connected to a tangible and highly valued resource.
The consolidation of multiple gold mines provides a solid foundation for OREBITS, ensuring that the cryptocurrency maintains a reliable and consistent backing. This approach also mitigates some of the volatility often associated with traditional cryptocurrencies, making it an attractive option for those seeking stability and the potential for long-term appreciation.
At The Waters Group, we understand the significance of asset-backed cryptocurrencies like OREBITS, and the demand they will generate. We keep a vigilant eye on emerging trends and opportunities in the digital asset space, ensuring that our clients have access to diversified investment options aligned with their objectives and risk tolerance.
By integrating asset-backed cryptocurrencies into investment portfolios, investors have the potential to benefit from the value appreciation of both the underlying asset, and the digital currency itself. Our team of experts can provide strategic guidance and conduct comprehensive analysis to help clients make informed decisions regarding asset-backed cryptocurrencies and their role within their investment strategies.
OREBITS, as the only legal patented-backed cryptocurrency in the United States, is poised to make a significant impact on the cryptocurrency landscape. It offers investors the opportunity to secure their investments with tangible assets, while benefiting from potential, leveraged, value of gold.
Explore the possibilities presented by OREBITS and discover how this innovative asset-backed cryptocurrency can enhance your investment strategy.
