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...
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...
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...
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%...
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...
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...
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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