Tag: gold

Oct 23 2020

Bitcoin (BTC) Outperforms Stocks by Over 3X In 2020

Over the last few months, global investors have been largely celebrating their gains in the U.S. stock market. The tech sector has outperformed the indices, especially some of the top tech companies like...

How Bitcoin Breaks $20K: The Answer Lies in Gold-M2 Correlation

Oct 23 2020 Published at Bitcoinist.com under tags  bitcoin btcusd gold m2 money supply

Bitcoin bulls have repeatedly claimed that the cryptocurrency price will hit $20,000 shortly. While many analysts believe it would happen, some disagree. Popular crypto bull Joe007 said earlier this week that Bitcoin would face liquidity problems if it surges towards $20K. He noted that...

Oct 22 2020

Investors are More Interested in Bitcoin Than Stocks: TD Ameritrade

Oct 22 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt gold paypal

A news segment on TD Ameritrade Network portrayed Bitcoin as a better investment than the US stocks. Lead anchor Oliver Renick, at the end of his six-minute-long market wrapup, claimed that investors are more interested in owning Bitcoin than the equities. He said the cryptocurrency has "a lot to go" since it is the only asset that performed bullish on the positive US...

Oct 18 2020

Bitcoin (BTC) Could Be Pulled Down By Weakening Stocks and Gold

In summary: Bitcoin is exhibiting a good level of bullishness above $11k However, Bitcoin's correlation to stocks and gold could be a bad thing with the US elections two weeks away A drop in the stock market and/or gold could mean a similar fate for Bitcoin in the short term The end of the weekend is once again upon us and so is...

Oct 08 2020

Analyst Sees Gold at $4K in 2020; What Does It Mean for Bitcoin?

An optimistic forecast for gold is making Bitcoin equally bullish, thanks to its erratically positive correlation with the crypto. Gold Boom Ahead Frank Holmes, CEO of US Global Investors, told Kitco News that the gold market is forming a bottom....

Oct 06 2020

Bitcoin Is Digital Gold – Michael Saylor

MicroStrategy CEO and founder Michael Saylor has made a startling move. The entrepreneur recently moved $425 million of MicroStrategy assets to Bitcoin (BTC). The American entrepreneur threw more light on the basis of his decision in a YouTube interview with Stansberry Research. Saylor, during...

Oct 02 2020

The Many Reasons British Politician Godfrey Bloom Is Buying His First Bitcoin

Oct 02 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt btcusdtc

This week, former British politician, author, and more, Godfrey Bloom revealed his plan to buy his first Bitcoin. But why? Here are the three primary reasons that the former parliament member would consider investing in the leading cryptocurrency by market cap. Who Is Godfrey Bloom, And Why Did He Decide To Buy Bitcoin?...

Bitcoin Once Again Proves It’s a Risk Asset, Not a Safe Haven

Oct 02 2020 Published at Crypto Briefing under tags  analysis gold risk asset

The price of Bitcoin reacted negatively to news of President Trump contracting Coronavirus while gold witnessed a small rally. Gold is still the leading safe-haven asset by a mile with BTC acting as a risk asset, but investors shouldn't expect this to persist for very long. Bitcoin Breaks Common Narratives The value proposition of Bitcoin is that it's a superior, digital...

Sep 29 2020

Bitcoin Decouples from Gold, Stocks after Overnight Sell-Off, What’s Next?

Bitcoin did its own thing during the late Monday trading session. The benchmark cryptocurrency plunged suddenly towards $10,600 after maintaining intraday gains above the $10,800-support all day. The sell-off appeared despite a healthier macroeconomic outlook led by signs of progress...

Sep 28 2020

Bitcoin and Gold “Miners Multiple” Points To Drastically Different Price Peaks

Sep 28 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdc btcusdt gold

Throughout history, the story has always been about silver and gold. But since Bitcoin was born, gold now has to compete with a better-built, digital counterpart. The arms race for the fastest-growing safe haven asset is on, and currently, Bitcoin is in the lead despite such an enormous head start by the precious metal. That's also likely to continue, according to a mathematic...

Sep 24 2020

Max Keiser Reports Bitcoin “Relative Strength” Is Good As Gold

Sep 24 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin price may have snapped back below $11,000 and is struggling to maintain the all-important support level of $10,000, however, its showing more "relative strength" than gold currently. That statement is from outspoken crypto bull Max Keiser, who in the past has predicted the leading cryptocurrency by market cap will reach prices of $400,000 or more. Is Keiser correct, or is the Bitcoin...

Bitcoin May Break Below $9K on Wall Street Correlation: Stock Analyst

Any attempts from Bitcoin to secure higher price levels may fall short as long as its correlation with the US stocks sustains. So predicts Ronnie Moas, a stock market analyst heading Florida-based research firm Standpoint Research. He said in an early Thursday tweet that Bitcoin might fall by another $400 (or more) in the coming sessions. The expected downside move should come if...

Sep 23 2020

Bitcoin is Eerily Copying Gold Trends; Analyst Fears Breakdown

Bitcoin is laggingly tailing the gold chart trends, and it may face trouble for its delayed correlation. That is due to the precious metal's latest breakdown move, wherein the price broke out of a Symmetrical Triangle pattern to the downside. Incidentally, Bitcoin is now...

Crypto Outperforms Gold as Top 2020 Asset- Bloomberg

According to a recent report by Bloomberg, digital currencies are by far the top-performing asset of 2020. Surprisingly, the growth of cryptocurrencies has been higher than that of gold which is considered to be an investor’s hedge during the economic meltdown. While Bloomberg Galaxy Crypto Index (BGCI) reflects a 66% jump, gold’s performance increased by a little over 20%. Evidently, this performance surge...

3 Crucial Reasons Why Bitcoin Could Fall Below $10K This Fall

Bitcoin faces the prospects of breaking below $10,000 after failing to extend a rally that pushed its price up by 70 percent earlier this year....

Sep 22 2020

Analysts Explain Why Bitcoin Bearish Correction Could Turn Worse

Bitcoin is trading almost 17 percent below its year-to-date high near $12,500. And, according to analysts at TradingShot, the downside bias is about to turn a lot worse. The independent market analysis portal spotted the benchmark cryptocurrency testing the support of a...

Sep 11 2020

Gold Price Awaiting A Breakout From Daily Symmetrical Triangle Pattern

Gold is climbing again after some U.S. dollar weakness today. The price of Gold is also heavily influenced by the European Central Bank policy decisions after an announcement this Thursday about keeping the interest rates unchanged. Gold is currently trading at $1,947 and it's inside a daily symmetrical triangle. [caption id="attachment_77550" align="alignnone" width="2223"]...

Jul 30 2020

Goldman Sachs Warns Investors About Failing USD, But Points Them To The Wrong Safe Haven

Jul 30 2020 Published at Bitcoin Magazine under tags  gold goldman sachs hedge investing

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! This week, one of the world’s preeminent investment banking enterprises signalled some serious FUD against the U.S. dollar. “Combined with a record level of debt accumulation by the U.S. government, real concerns around the longevity of...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: