Tag: gold

Jan 08 2021

Pass The Baton Already: Why Bitcoin Is Poised To Replace Gold

There is a constant war of ideas being fought between gold bugs, like Peter Schiff, and supporters of bitcoin. In order to accurately compare and contrast gold and bitcoin, we will need to weigh each asset against the various attributes that make a given form of money good money. We will also need to dive into monetary history in order to understand...

Jan 06 2021

Bitcoin Investment Make Sense in Current Economic Climate: Former Fed Governor

Jan 06 2021 Published at CoinDesk under tags  federal reserve gold investments news

"I guess if you are under 40 bitcoin is your new gold," Warsh said.

SkyBridge Capital Says That “Bitcoin Is Better At Being Gold Than Gold”

Jan 06 2021 Published at Bitcoin Magazine under tags  gold investing skybridge capital

This week, Anthony Scaramucci’s SkyBridge Capital announced the launch of its investment thesis, presentation and full website for its new Bitcoin Fund LP. Unlike other investment firms, it went a step further in explaining why it is actively choosing bitcoin over gold. SkyBridge Capital’s main fund, with $9.3 billion in assets under management (AUM),...

Jan 05 2021

JPMorgan Puts $146,000 Price Tag on Bitcoin

Jan 05 2021 Published at Crypto Briefing under tags  bitcoin gold jpmorgan markets

JPMorgan, one of the world's largest investment banks, predicts Bitcoin could reach a value of $146,000. According to a Bloomberg report published Monday, a team of analysts cited the digital currency's role as a form of...

Dec 31 2020

Market Wrap: Bitcoin Closes 2020 Near Record Highs

Dec 31 2020 Published at CoinDesk under tags  algorand bitcoin cosmos ether ethereum

Bitcoin nearly triples its price in 2020 and ends the year close to $29,000, but ether gained 450%.

Dec 19 2020

Jefferies’ Wood Cuts Gold Exposure in Favor of Bitcoin

Dec 19 2020 Published at CoinDesk under tags  bitcoin christopher wood gold jefferies markets

Wood will be cutting the gold position in his long-only asset allocation for U.S.-dollar-based pension funds to 45% from 50% and initiating a 5% holding of bitcoin

Dec 18 2020

Gold Is Safe from Bitcoin Surge, Says Goldman Sachs

The Bank said that the recent surge in Bitcoin price is not a threat to Gold’s dominance.

Gold Bull Chris Wood Invests in Bitcoin, Cuts Exposure to Gold

Dec 18 2020 Published at Coingape under tags  bitcoin bitcoin news btcbusd btcgbp btcjpy

Chris Wood, global head of equity strategy at Jefferies has become the latest mainstream investor to opt for bitcoin in his portfolio at the cost of gold, reported Business Insider. Wood has most of his portfolio invested in US dollar-denominated pension funds established in the third quarter of 2020. Jefferies global head reinstated what many The post Gold Bull Chris Wood Invests in...

Dec 13 2020

Crypto Long & Short: Bitcoin’s Relationship With Gold Is More Complicated Than It Looks

Just because gold is losing momentum and bitcoin is gaining it doesn't mean investors are selling gold to buy bitcoin – not yet, anyway.

Dec 10 2020

“Gold Will Suffer For Years Because of Bitcoin” – JP Morgan

The ongoing Bitcoin bull rally has made some of its biggest critics to change their views towards the scarce digital asset. Be it BlackRock CEO Laurence D. Fink who once called bitcoin a money-laundering tool back in 2017 now belive that bitcoin would expand into a global market. Billionaire Investor Ray Dalio took a U-turn The post "Gold Will Suffer For Years Because...

Dec 09 2020

JP Morgan, Ray Dalio Now Advise Small Bitcoin Allocation

Dec 09 2020 Published at Crypto Briefing under tags  gold institutions people

"Bitcoin could serve as a diversifier to gold, and other such store holds of wealth assets," Ray Dalio, an esteemed economist and founder of the world's largest hedge fund Bridgewater Associates, said in a...

Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan

Dec 09 2020 Published at CoinDesk under tags  bitcoin gold jpmorgan markets news

"The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced," a JPMorgan managing director wrote in the report.

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...

Gold Sees $9.2 Billion Outflows, Crypto Funds Gain Record Inflows

Cryptocurrency funds recorded $429 million inflows in the last week as investors pulled record money out of the gold market.

Dec 04 2020

Bitcoin Market Cap Headed to $1 Trillion in 2021, Says Bloomberg

Bloomberg analysts think that 2021 will be another big year for Bitcoin. The publication's crypto arm has published its December 2020 report...

After Bitcoin, Paul Tudor Jones Endorses Ethereum

Dec 04 2020 Published at Crypto Briefing under tags  bitcoin ethereum gold people

Speaking to Yahoo! Finance, Paul Tudor Jones, one of the world's most celebrated investors, shared his long-term viewpoint on Bitcoin, Ethereum, and other cryptocurrencies....

Dec 02 2020

Gold Market Brings Bad News for Bitcoin: A Potential Death Cross

Dec 02 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency gold

Spot gold is inching towards forming a "Death Cross" on its daily chart, which may transform its ongoing downside correction into a full-fledged bear trend. A death cross occurs when an asset's short-term moving average falls below its long-term moving average. Many analysts and strategists look at the crossover as a sign of a sell-off wave, leading to a long-term downside move....

Dec 01 2020

Gold Undergoes $2tn Market Wipe-off against Booming Bitcoin; Coincident?

The last four months saw gold trimming its market valuation by $4 trillion. Conversely, Bitcoin added about $180 billion within the same period. Both gold and bitcoin were the benefactors of aggressive monetary easing policies launched by the Federal Reserve. The precious metal reached its record...

Nov 28 2020

Latest Bitcoin Dip Adds Credence to 1970s Gold Comparison

Nov 28 2020 Published at Crypto Briefing under tags  gold markets

Circling back to his analogy between gold prices in the 1970s, Paul Tudor Jones reveals exactly where he thinks Bitcoin is headed. Bitcoin Preparing for...

Nov 25 2020

Bitcoin Decoupling from Gold in Push for All-Time High

Nov 25 2020 Published at Crypto Briefing under tags  analysis bitcoin gold

Bitcoin has been rising against gold throughout 2020. The correlation coefficient between the two assets over the last six months is at -0.72, signaling that they've mostly been moving in different directions. Investors often use correlation coefficients to measure the relationship between...

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