Tag: xauusd

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...

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%...

Nov 23 2020

Bloomberg: Futures and Fund Flows Show Bitcoin Is Replacing Gold

Nov 23 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

The Bitcoin as digital gold narrative is suddenly taking on such significance, hedge funds, corporations, and institutional investors have begun reallocating a portion of their gold holdings into the cryptocurrency, according to Bloomberg Intelligence. A top senior commodities analyst for the financial forecasting giant believes that trend along with climbing Futures interest while gold declines, means that the cryptocurrency...

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...

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