Tag: precious metals

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 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...

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....

May 30 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 3, Part 1: Why Gold?)

Welcome back, Bitcoin lovers! For those who’re just tunning in, we’re currently exploring “The Bitcoin Standard” by Saifedean Ammous. When we finish with the third chapter, you’ll know exactly why humanity picked gold as the most precious of metals and its form of money of choice. The reasons are unarguable. Humanity was extremely clever to do so. However, you need this info before...

May 03 2021

Why A Reversal In Gold Could Tarnish Recent Bitcoin Narrative

May 03 2021 Published at Bitcoinist.com under tags  altcoins bitcoin btc btcusd btcusdt

The last year in finance has been all about Bitcoin. The digital gold narrative arrived at the perfect time, amidst a perfect storm of stimulus money, irrational exuberance in the stock market, and more. The forecast is starting to change for gold, however, just as the top cryptocurrency is struggling to maintain its market structure of higher highs and higher lows. Could...

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...

Dec 01 2020

Gold Begins Breakdown Against Bitcoin, Triggering 90% Decline On Per Oz Basis

Dec 01 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt btcxau

Bitcoin price just set a new all-time high against the US dollar and other top global fiat currencies. But what might be even more significant, is the fact that the gold standard itself is breaking down against BTC after this latest rally. The gold versus Bitcoin price chart shows that in the past, each time support broke down, the precious metal dropped 90%...

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...

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