Diamond Standard Wants To Launch Commodity Coin in 2022

The video discusses Bit Carbon, a cryptocurrency backed by a fungible diamond commodity, the Diamond Standard Coin. This innovation allows diamonds to be traded like other commodities, with each coin containing a regulator-approved grouping of diamonds. The video explores the supply chain dynamics, market potential, and investment strategies, including the launch of an ETF and a trust product with Horizon Kinetics. The aim is to make diamonds a viable investment option, similar to other precious metals.

What makes Bit Carbon unique compared to other cryptocurrencies?

• It is the first cryptocurrency to use gold as a backing.

• It is not affected by inflation.

• It is backed by a real asset, the Diamond Standard Coin.

• It operates on a private blockchain.

How does the Diamond Standard Coin ensure fungibility?

• By using synthetic diamonds.

• By storing diamonds in multiple locations.

• By using a unique diamond for each coin.

• By grouping diamonds of equivalent value in each coin.

What is a significant advantage of shipping diamonds by air?

• It ensures diamonds are not lost.

• It allows for larger quantities to be shipped.

• It avoids supply chain issues related to sea transport.

• It reduces the cost of shipping.

Why have diamonds been considered a 'forgotten commodity'?

• Their market is too volatile.

• They have not been used by investors due to their uniqueness.

• They are not as durable as other commodities.

• Their value is less than that of silver and platinum.

What is the purpose of launching an ETF for diamonds?

• To reduce the supply of diamonds.

• To make diamond investment accessible to consumers.

• To compete with gold ETFs.

• To increase the price of diamonds.

What is the expected impact of institutional investment on the diamond market?

• It will stabilize the diamond prices.

• It will lead to a surplus of diamonds.

• It will decrease the demand for diamonds.

• It will introduce new demand and increase market value.

What is the role of Horizon Kinetics in the future plans of Diamond Standard?

• They are providing diamonds for the coins.

• They are launching a trust product with Diamond Standard.

• They are managing the supply chain for Diamond Standard.

• They are investing in synthetic diamonds.