Tag: digital gold

Mar 02 2021

BTC Up 6% Above $49K, Fidelity Director Calls It Digital Gold, CBOE Applies for Bitcoin ETF

In a strong crypto market recovery, Bitcoin (BTC) has surged 6% today making its way to above $49,000 levels. At press time, BTC is trading at a price of $49,147 with a market cap of $916 billion. On Monday, March 1,...

Mar 01 2021

Citi Says Bitcoin Could Become “Currency of Choice for International Trade”

Bitcoin could be the world's first choice currency for international trade, according to Citi analysts. Bitcoin as a "Global Trade Facilitator" Bitcoin is "at the tipping point of mainstream acceptance or a speculative implosion," according to a Citi report. ...

Feb 16 2021

Bitcoin Makes History With $50,000 All-Time High

The Bitcoin rally continues. It's just crossed $50,000 for the first time. Bitcoin Breaks $50,000 Bitcoin is trading above $50,000. The original cryptocurrency broke $25,000 for the first time on December 26 2020, meaning it's doubled in price in less than two months. Recent weeks have been particularly...

Feb 06 2021

Digital Gold: How Should Financial Advisors Be Thinking About Bitcoin?

Is Bitcoin digital gold? In this episode of ‘On Purpose, With Tyrone Ross,’ we dig into bitcoin narratives as financial advisors see them and explore the concept of bitcoin as a store of value.

Dec 17 2020

World News Reacts as Bitcoin Hits Record Highs

Bitcoin soared past its all-time high price of $20,000 yesterday, leading to a wave of coverage among major news outlets. With no resistance in sight, it's since climbed above...

Dec 08 2020

deVere Bitcoin Survey: Two-Thirds Of Millennials Prefer Digital Gold

Dec 08 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

A new survey from one of the world's leading financial advisory firms, advising on over $10 billion in client capital, claims that two-thirds of its millennial customers far prefer Bitcoin over precious metals as the ideal safe haven asset. And in 2020 as the world goes almost entirely digital, millennials are being proven right. Gold fund flows are pouring into crypto, and the...

Sep 29 2020

Bitcoin (BTC) Supply Held for Over 1 Yr Hits Highest Level Since 2010

Quick take: Investors are increasingly holding Bitcoin as a store of value Bitcoin supply held for over 1 year hits its highest level since 2010 at 63.5% Bitcoin has now stayed above $10k for the longest time period at 64 days BTC is facing a monthly close in the next 24 hours The team at Coinmetrics has released their weekly State of the...

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