Israel launches new cryptocurrency with patriotic twist – Go Israel $GOIL
Interest in cryptocurrencies has skyrocketed alongside Bitcoin’s fortunes, which soared since Trump’s landslide election. The developments have prompted the launch of Go Israel ($GOIL), a patriotic and pro-Israel cryptocurrency token.
Bitcoin shot up by 30% to almost $90,000 on Tuesday in what Reuters described as a “wave of euphoria” following the U.S. election results. The sudden boom reflects expectations that Trump’s administration will be crypto-friendly, with many hoping to cash in on the dramatic surge in interest.
The Go Israel website states that $GOIL is, “Your chance to show your love for Israel in a way that's fun, fresh, and impactful,” and encourages potential buyers to “turn the crypto charts into a powerful platform for Israel.”
The Jerusalem Post explained that the new currency was established as a decentralized autonomous organization enabling people from all over the world to purchase the tokens and participate in the endeavor.
Aiming to raise $7,102,203 and referencing last year’s Hamas attack on October 7, a Go Israel spokesperson explained, “This is about more than money. It’s about creating a tangible way for people to stand with Israel in a decentralized world. The coin serves as both a financial tool and a statement of pride, democracy, and freedom.”
The cryptocurrency token aims to be an “ideological counterweight” to the pro-Palestinain cryptocurrency YAFA, according to a statement from Go Israel on Monday, as reported in The Jerusalem Post. The statement expressed hope that the new coin would “rally global support for the Jewish state” in the “increasingly polarized world of blockchain activism."
“We’re not just competing with another cryptocurrency,” said one project leader. “We’re competing for the narrative. And in this battle, we intend to win.”
The organization explained that older legacy cryptocurrencies, such as Bitcoin and Ethereum, began as a "niche financial experiment," indicative of former U.S. President Donald Trump’s distrust of the established monetary system. However, it became an important part of the economic expression during world crises, such as the COVID-19 pandemic and the economic ramifications of the Ukraine War.
The Go Israel encourages potential investors: “Every coin you hold is a digital boost to the spirit of innovation, strength, and unity that makes Israel so special,” presenting purchases as an “opportunity to become a digital ambassador for Israel, shining a bright light on the global stage.”
Jo Elizabeth has a great interest in politics and cultural developments, studying Social Policy for her first degree and gaining a Masters in Jewish Philosophy from Haifa University, but she loves to write about the Bible and its primary subject, the God of Israel. As a writer, Jo spends her time between the UK and Jerusalem, Israel.
