Tag: gold

Sep 15 2021

Ray Dalio Doesn’t Understand Bitcoin

Sep 15 2021 Published at Bitcoin Magazine under tags  bitcoin culture gold ray dalio

Ray Dalio owns some Bitcoin, but in an interview with CNBC on Wednesday he demonstrated that he still doesn’t understand it or believe it to be a superior store of value to gold.Ray Dalio, co-chief investment officer of Bridgewater Associates, one of the world’s largest hedge funds, owns some Bitcoin, but in an interview with CNBC on...

Sep 14 2021

Billionaire Howard Marks: Bitcoin Has Advantages Relative To Gold

The Oaktree Capital's chairman said that different than in 2017, he now understands the arguments in favor of Bitcoin.In a recent episode of the "We Study Billionaires" podcast, Oaktree's Howard Marks shared his thoughts on Bitcoin, which have drastically changed since he was outspokenly negative about it in 2017. The billionaire investor said that he can now understand many arguments in favor...

Sep 03 2021

Survey Finds 77% Of Russian Investors Prefer Bitcoin To Gold, Forex

Sep 03 2021 Published at Bitcoin Magazine under tags  bitcoin culture forex gold russia

A local forex organization's survey found that most Russian investors prefer Bitcoin to gold and forex as an investment.Bitcoin is becoming increasingly popular in Russia, a survey found. The Russian Association of Currency Brokers (AFD), a local self-regulatory organization that focuses on the foreign exchange (forex) market,...

Aug 25 2021

Bitcoin Mid-Cycle Pullback Resembles 1970s Gold Bullion Rull Run

Aug 25 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is back near $50,000 after a massive shakeout following new all- time highs set this past April. While the market continues to debate whether or not a top is in, the top cryptocurrency by market cap has begun to resemble the price pattern of the 1970s gold bull run. Interestingly, both assets topped out at around $1.2 trillion...

Aug 20 2021

50 Years Since The Gold Standard Ended, Bitcoin Is Needed More Than Ever

Just over 50 years ago, Richard Nixon ended the U.S. dollar’s gold backing. In the 50 years since, it’s been clear that we need Bitcoin.Not much can be more satisfying to historians, economists and statisticians than to delve back to a past year or era. When data and research from yesteryear are compared to that of today's world, experts can begin to...

Aug 17 2021

The Bitcoin Energy Debate Is A Modern Reprise Of The Gold Resource Cost Debate

Aug 17 2021 Published at Bitcoin Magazine under tags  culture energy consumption esg gold

The debate over the resource cost of gold is critical in understanding the present-day fixation with Bitcoin’s energy costs.And the answers remain the same...Long before we had the Bitcoin energy debate, we had the gold resource cost debate. The contours were similar: the costs associated with gold refining and extraction were a waste; they were too great relative to a mere...

Aug 10 2021

Sell Gold to Buy Bitcoin? Recent Data Seems to Support the Move

Judging by the market data analyzed by the Ecoinometrics research team, gold is severely underperforming, despite the negative real yields which should in theory push the value of the precious metal upwards considerably. While the inflation rates continue to increase on the tailwind of massive Covid-19 relief-related economic stimulus programs, the price of gold hasn’t increased by as much as one would expect.

Aug 09 2021

Gold Fractal Bodes Well For Bitcoin If Bull Flag Confirms

Aug 09 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price has turned bullish over the last three weeks, and looks to be breaking up and out of a near textbook bull flag pattern. The only problem is that the pattern could be a page out of gold's playbook, which recent price action would suggest the top cryptocurrency isn't yet out of the woods. Here is a...

ASI President Deems Central Bank Digital Currencies As A Satanic Scheme

Aug 09 2021 Published at Bitcoinist.com under tags  asi president bitcoin cbdc cbdcs gold

According to the ASI president, Central Bank Digital Currencies originate from Satan. And Bitcoin is not an alternative to currency but a speculative financial asset. ASI is a company that started in 1982 to deal in diverse alternative assets like foreign currencies, precious metals, and the pre-1933 United States gold coins. The company also has a trading platform for metals. Related Reading |...

Jul 29 2021

Gold Versus Bitcoin Chart Makes It Seem Like Bull Run Has Barely Begun

Jul 29 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

One of the biggest factors influencing the recent Bitcoin bull run hands down has been the digital gold narrative and the capital flows from precious metals into crypto. However, looking back at the XAUBTC chart over the last several months, the recent retracement across crypto makes it look like the bull run never even started,...

Jul 13 2021

Bitcoin’s (BTC) Correlation With S&P 500 Turns Negative for the First Time In 2021

Jul 13 2021 Published at Coingape under tags  bitcoin news btc btcbrl btcbusd btc.d

Bitcoin (BTC) continues to show volatility while trading in a closed range between $30,000-$35,000. At press time, Bitcoin is down 3.88% trading at $33,142 with a market cap of $620 billion. As BTC continues to trade under pressure, it has now entered into a negative correlation with the S&P 500 (INDEXSP: .INX) index. As a The post Bitcoin's (BTC) Correlation With S&P 500...

Jul 06 2021

Digital Versus Physical: Bitcoin Retests Former ATH Against Gold

Jul 06 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The digital gold narrative was partly responsible for institutional interest in Bitcoin, and putting the precious metal's bull run on pause. Only recently was that narrative tarnished and cryptocurrencies fell by 50% in a flash. The crash in crypto sent Bitcoin back to retest its former all-time high against gold as...

Jul 05 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 5, Part 2: Capital Accumulation)

Here we go, Bitcoin lovers! It's capital accumulation time. Saifedean Ammous’ “The Bitcoin Standard” is flying by. However, we must forget about doing a chapter a week. This book is just too chunky, every page is filled with meaty information that refuses to be ignored. There are too many gems for just one of these posts to contain them, and we can’t be...

Jul 02 2021

Is Bitcoin The New Gold? Indians Pour Billions Into Crypto

Jul 02 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt gold

Bitcoin maximalists have always been known to refer to Bitcoin as digital gold. There are speculations that Bitcoin will overtake gold in the coming years as a preferred store of value. This seems to be the case with each bull market as Bitcoin outperformed gold by 10 times in...

Jun 18 2021

Interview: Why Bitcoin Is 1,000-Times Bigger Than Digital Gold With Aaron Segal

Aaron Segal joined the “Bitcoin Magazine Podcast” to discuss the “bitcoin as digital gold” narrative.Watch This Episode On YouTubeListen To This Episode:...

Jun 17 2021

The Bitcoinist Macro Report: Dollar Disrupts, Gold Melts Down, & Sideways Bitcoin

Jun 17 2021 Published at Bitcoinist.com under tags  altcoins bitcoin btc btcusd btcusdt

This week's Fed meeting has been viewed hawkishly by the broader market, and asset prices reacted negatively to the plan to begin to raise interest rates come 2023. Bitcoin fell slightly putting a recovery in crypto on hold, while major stock market indices tumbled on the news....

Jun 16 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 4, Part 2: Government Money)

Welcome back, book lovers! Before we dive into government money, what have we learned so far? Well, that history is extremely hard to summarize, for one. Secondly, historically, governments haven’t been able to resist the temptation to debase the currency. Third, devaluation leads to breakdowns in society and the fall of empires, but the process is a very slow death. It can take...

Jun 15 2021

I Like Bitcoin as a Portfolio Diversifier, Says Tudor Jones

The American billionaire said that he would like to add Bitcoin to his investment portfolio along with gold and commodities.

Jun 14 2021

Jun 12 2021

Despite Criticism, Bitcoin Is A Superior Investment To Gold

Jun 12 2021 Published at Bitcoin Magazine under tags  business gold sound money

What’s been a hedge against inflation for thousands of years has had its throne usurped by bitcoin, and for good reason.Alexander Vasiliev is the co- founder and CCO of the global payment network Mercuryo.Ever since bitcoin began to grow in popularity, many people have come to call it "digital gold."And for valid reasons.While the cryptocurrency's...

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