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PAX Gold Is A JokeA gold-backed cryptocurrency is a derivative digital asset whose value is supposedly underwritten by the equivalent price in gold. Each gold-backed. Answer: No, Bitcoin is not backed by gold, precious metal, or fiat. Bitcoin cryptocurrency derives its value from a variety of factors. These. Tether Gold (XAUt), DigixGlobal (DGX), Paxos Gold (PAXG), GoldCoin (GLC), Perth Mint Gold, Token (PMGT), Meld Gold by Algorand (MCAU).
