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 is bit carbon and how does it relate to cryptocurrencies?

Explain the significance of the diamond standard coin in the context of bit carbon.

Why is it necessary to trade diamonds on a blockchain according to the text?

Discuss the challenges faced in obtaining chips for the diamond standard coins.

What makes diamonds a unique commodity compared to others like silver or platinum?

How do institutional investors view diamonds as an investment according to the text?

What are the future plans for the Diamond Standard as mentioned in the text?