Tag: gold

Apr 13 2021

Bitcoin, Stocks, and Gold Rise over the Dollar after Inflation Report

Apr 13 2021 Published at Crypto Briefing under tags  bitcoin gold inflation markets

The market's bullish sentiments remained unaffected by the U.S. consumer price index (CPI) inflation numbers released by the Labor Department this morning. Gold, Bitcoin, and stocks showed slight upticks, while treasury yields remained flat. Hot Inflation, Stronger Bitcoin The month-to-month (MOM)...

Apr 11 2021

Bitcoin (BTC) Outperforms Institutional Assets in Q1 2021

Apr 11 2021 Published at Coingape under tags  bitcoin bitcoin news btcbrl btcbusd btcdai

Bitcoin (BTC), the world’s first digital currency has notably outperformed other institutional assets in the first quarter of 2021. The...

Apr 05 2021

JPMorgan Gives $130,000 Bitcoin Price Target

The Bank said that Bitcoin’s declining volatility is attracting institutional investors.

Apr 01 2021

Technical Signal Suggests Gold Is Ready For Revenge Against Bitcoin

Apr 01 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The digital gold narrative and fears of hyperinflation looming as the economy weakens and more fiat money is printed, has driven Bitcoin to incredible heights and done so quickly. But considering the cryptocurrency's history of frightening drawdowns, things could turn at a moment's notice. One sign that Bitcoin could soon be in some trouble comes from the cryptocurrency's trading pair against gold, which...

Mar 31 2021

Coffee And Crypto: Newsletter Morning Brew Boots Gold For Bitcoin

Mar 31 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

As part of the continued demonization of gold at the hands of Bitcoin, the precious metal that was once the hard money standard has received the boot from popular daily email newsletter Morning Brew. Due to the rising popularity of Bitcoin, gold has been completely replaced with a price ticker instead for the leading cryptocurrency by market cap. Here's why this is such...

Bitcoin Eyes $60,000-Breakout Ahead of Biden Spending Announcement

Mar 31 2021 Published at Bitcoinist.com under tags  bitcoin gold joe biden paypal visa

Bitcoin held gains, bond yields rose, and gold slipped ahead of President Biden's next big spending push that could total anywhere between $2 trillion and $4 trillion. The BTC/USD exchange rate approached $60,000 in an early morning rally in Asia, driven higher by a flurry of fundamentals, ranging from PayPal's decision...

Mar 29 2021

The Trojan Horse: Bitcoin is “Just” Digital Gold

Mar 29 2021 Published at Bitcoin Magazine under tags  gold markets

Bitcoin’s comparison as “merely” digital gold demonstrates that legacy financial bureaucrats are in for a rude awakening.Early on Monday morning, March 22, during the Bank of International Settlement’s Innovation Summit, Federal Reserve chair Jerome Powell had...

Mar 26 2021

Soros Fund Invests in Crypto, Citing “Real Fear” Around Fiat Supply

Soros Fund Management CIO Dawn Fitzpatrick commented on cryptocurrency on Thursday, stating the fund had been making investments throughout the space. Fiat Crisis Boosted Bitcoin, Says Soros CIO Chief investment officer Dawn Fitzpatrick oversees $27 billion for Soros Fund Management. The Soros fund has historically boasted returns of 20% per year, but recently deployed capital into more volatile markets, increasing gains...

Mar 18 2021

It’s Time To Rethink The “Intrinsic Value” Of Bitcoin

Mar 18 2021 Published at Bitcoin Magazine under tags  culture gold value of bitcoin

The criticism that bitcoin has no “intrinsic value” is a misunderstanding of the very term. In fact, Bitcoin is intrinsic value.“Bitcoin has no intrinsic value.” This frequently heard criticism is, for Bitcoin’s critics, the ultimate kill shot — the irrevocable proof that, at its most fundamental core, Bitcoin is nothing but a worthless fraud. “It’s just code” was the line repeated in...

Mar 08 2021

Bitcoin Is Replacing Gold At An “Accelerating Pace”

Mar 08 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The narrative taking place across the finance industry, is that cryptocurrencies like Bitcoin and Ethereum are the way of the future and gold's days are numbered as a store of value. While the "digital gold narrative" has already taken a major dent out of the precious metal's momentum, according to a top Bloomberg Intelligence analyst, "most indicators point to" Bitcoin replacing the aging...

Mar 04 2021

Bloomberg: Bitcoin Price Expected to Rise 100x an Ounce of Gold

A Bloomberg Intelligence report has analyzed the bitcoin market and its growing stature as the digital...

Feb 26 2021

JP Morgan Backs 1% Bitcoin Allocation, Suggests Uncorrelated Hedge

Feb 26 2021 Published at Crypto Briefing under tags  gold jp morgan markets

JP Morgan strategists told investors on Wednesday that they can add a small Bitcoin allocation to their portfolios as a hedge. Since then, both BTC and traditional markets have taken a tumble. JP Morgan Bets on Bitcoin Traditional analysts are now suggesting that investors can add BTC to their portfolios....

Feb 24 2021

Gold or Bitcoin, who will win in 2021?

Bitcoin was introduced no more than a decade ago, while gold has been in the investment field as far as human history goes. Despite being an ancient go-to commodity gold has been left behind by bitcoin in many aspects. Bitcoin took a boost once again, right with the start of 2021, by hitting a new all-time high of $34,000. Therefore, bitcoin is most...

Feb 22 2021

Bitcoin Crosses 10% Market Cap of Mined Gold

The total market cap of the world’s largest cryptocurrency stands at around $1.04 trillion.

Feb 18 2021

CEO of $141 Billion Investment Firm Says Bitcoin May Be “The Stimulus Asset”

Feb 18 2021 Published at Crypto Briefing under tags  bitcoin btc business gold

Jeffrey Gundlach, CEO of $141 billion investment firm DoubleLine Capital LP, has stated that Bitcoin may be a better bet than gold when it comes to stimulus spending. Institutions Warming Up To Bitcoin Gundlach stated that he is bullish on gold and bearish on dollar long term. However, he has maintained a neutral stance on both for the past six months....

Bitcoin May Be a Better Investment Than Gold, Says DoubleLine CEO Jeffrey Gundlach

Feb 18 2021 Published at CoinDesk under tags  gold investment markets news people

Gundlach has previously said, "I don't believe in bitcoin."

Feb 10 2021

Corporate Investments in Bitcoin, Not Inflation, Pose Real Threat to Dollar

Feb 10 2021 Published at Crypto Briefing under tags  analysis bitcoin dollar gold

According to one analyst, the U.S. government will "regulate the hell out of Bitcoin" if it starts to see the $BTC as a threat to the dollar. However, the faster companies and wealth managers adopt, the more difficult it will become for the government to intervene....

Feb 05 2021

Raoul Pal Reveals What Made Him Sell All His Gold For Bitcoin

Raoul Pal, the founder, and CEO of Global Macro Investor and Real Vision appeared on the MoneyWeek...

Feb 04 2021

Bitcoin an ‘Emerging Competitor’ to Gold, Says CME’s Chief Economist

Feb 04 2021 Published at CoinDesk under tags  bitcoin cme group gold markets news

Blu Putnam said gold's ongoing production, likely to increase this year, contrasts with bitcoin's fixed supply.

Jan 28 2021

Bitcoin Price Volatility Declines While Gold & Real Estate Register a Spike

Jan 28 2021 Published at Coingape under tags  bitcoin news bitcoin price btcbrl btcbusd btcdai

Bitcoin's price volatility is one of the key arguments used by critics against its use as a store of value, however, over the years, the...

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