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Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate
24.3.2024
According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with...
BlockDAG investors bathing in glory as strike gold as presale hits $6.3M! Polkadot signals a bull run: Will cardano reach $1?
22.3.2024
This article provides insights into three names within the crypto space worth talking about. Incredible competitors such as BlockDAG (BDAG) gather attention and trust; the presale raising over $6.3 million proves this. Cardano remains strong despite price resistance, and Polkadot price prediction...
Peter Schiff Highlights Problem With Owning Bitcoin ETF — BTC Investors Respond Self-Custody Is Key
22.3.2024
Gold bug Peter Schiff has highlighted a problem with owning spot bitcoin exchange-traded funds (ETFs). However, the issue Schiff pinpointed isn’t unique to bitcoin ETFs. This discussion has reignited calls for self-custody among crypto proponents. Peter Schiff’s Warning Prompts...
DOJ Charges Texas Man for Orchestrating $10 Million Meta-1 Coin Scam
21.3.2024
Texas resident Robert Dunlap has been arrested on federal mail fraud charges in connection with the “Meta-1 Coin” scam that saw investors drained of over $10 million, the Department of Justice reveals. The alleged fraudster had claimed the token was backed by $44 billion in gold and priceless...
Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate
20.3.2024
On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving...
Analysts See Gold Reaching $2,600 per Ounce Amid Strong Market Demand
19.3.2024
While bitcoin experienced a 12% decrease following its all-time high last week, gold has shown relative stability over the past five days, with only a slight 1% decline in the same period. In a similar vein to crypto enthusiasts, advocates for gold predict that the metal will continue its upward...
Japan’s Pension Fund Weighs Bitcoin and Gold for Investment Diversification
19.3.2024
Japan’s Government Pension Investment Fund (GPIF) said Tuesday that it is seeking information regarding diversifying into illiquid assets such as Bitcoin, gold, forests, and farmland.
The post Japan’s Pension Fund Weighs Bitcoin and Gold for Investment Diversification appeared first...
Robert Kiyosaki Highlights ‘Problem’ With Gold, Silver, and Oil — Praises Bitcoin’s Limited Supply
17.3.2024
Rich Dad Poor Dad author Robert Kiyosaki has pointed out “the problem” with gold, silver, and oil, while confirming his ownership of gold, silver mines, and oil wells. Touting bitcoin’s limited supply, the famous author emphasized that no matter how high the price of bitcoin...
Bitcoin Surpasses Gold in Investor Portfolios: JPMorgan
15.3.2024
As reported by a JP Morgan analyst, Bitcoin has surged past gold in terms of investor portfolio allocation, taking volatility into account.
The post Bitcoin Surpasses Gold in Investor Portfolios: JPMorgan appeared first on Cryptonews
Gold Investors Aren't Switching Into Bitcoin, JPMorgan Says
15.3.2024
Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency
Speculators And Retails Are Driving Latest Bitcoin Rally, Says JPMorgan
14.3.2024
JPMorgan analysts remain bearish on Bitcoin’s near-term future, believing the asset’s current rally is attributable to retail and speculative institutions.
The post Speculators And Retails Are Driving Latest Bitcoin Rally, Says JPMorgan appeared first on Cryptonews
Peter Schiff Regrets Skipping Bitcoin, Reignites Debate on Crypto’s Future
14.3.2024
Longtime Bitcoin critic Peter Schiff has admitted he regrets not investing in Bitcoin when he was first introduced to it in 2010. The American stockbroker, known for advocating for gold investments, had previously mocked Bitcoin as a "pure Ponzi scheme."
The post Peter Schiff Regrets Skipping...
Gold Bug Peter Schiff Says He Wishes He'd Bought Bitcoin in 2010
14.3.2024
The American stockbroker has repeatedly called bitcoin a “bubble” and said he still doesn’t believe in its long-term future
Peter Schiff Downplays Importance of Bitcoin Halving — Discusses ‘What Matters Most’ for BTC Price
14.3.2024
Economist and gold advocate Peter Schiff has downplayed the significance of the upcoming bitcoin halving, emphasizing a different factor that will drive the price of the cryptocurrency. He believes what matters the most is “how much of the current supply holders want to sell, not what miners...
Israeli Crypto Firm Launches Pilot for First Shekel-Backed Stablecoin
14.3.2024
Israel has taken a significant step in the cryptocurrency domain by green-lighting a pilot for BILS, the first stablecoin pegged to the New Israeli Shekel. Bits of Gold and Israeli Authority Launch BILS Stablecoin in Regulatory Sandbox The initiative, spearheaded by the crypto broker Bits of Gold...
Coinbase CEO: Adopting Bitcoin Is A Return To The Gold Standard
13.3.2024
Coinbase CEO Brian Armstrong believes widespread Bitcoin adoption could mirror a return to the gold standard, potentially stabilizing prices and addressing the escalating U.S. national debt.
The post Coinbase CEO: Adopting Bitcoin Is A Return To The Gold Standard appeared first on Cryptonews
Drake Shares Michael Saylor’s Bitcoin Interview, Reaches 146 Million Followers
12.3.2024
Rapper Drake shares Michael Saylor's bold Bitcoin prediction on social media, reaching his massive 146 million Instagram followers. Saylor argues Bitcoin will overtake gold as a store of value, fueling speculation about a renewed crypto market surge.
The post Drake Shares Michael Saylor’s...
As Bitcoin Soars, Peter Schiff Offers Gold as the Prudent Alternative
12.3.2024
With bitcoin climbing over 50% in the past month, the notable gold aficionado and economist Peter Schiff has thrown shade at the market’s recent rally. Schiff argues that this uptick in value is nothing but “speculative mania” and advises folks to funnel their risky investments...
‘Greater Fools Are Watching’: Bitcoin Is Here to Stay, Elites Admit
11.3.2024
'Bitcoin is Going to Eat Gold': MicroStrategy’s Michael Saylor
11.3.2024
Appearing on CNBC after his company on Monday announced the purchase of an additional 12,000 of bitcoin {{BTC]], MicroStrategy (MSTR) Executive Chairman Michael Saylor said the crypto will be a much more valuable asset than gold in the future