Search
Investors Move 10% of Their Gold From Hong Kong Amid Financial Censorship Fears
10.8.2020
Hong Kong investors are moving their gold offshore as China’s new national security law prompts fears of financial censorship. Some 10% of private holdings have been moved to safer jurisdictions such as Singapore and Switzerland since the beginning of protests in Hong Kong last year. In...
Only Bitcoin Outpaces G4 Central Bank Balance Sheet Growth
7.8.2020
Investment strategist Raoul Pal says bitcoin is the only asset with a growth rate that outpaced that of G4 central bank balance sheets. Pal says G4 central bank balance sheets have grown much faster than traditional safe-haven assets like gold. A founder and CEO at Global Macro Investor (GMI)...
Bitcoin an Option, as Dennis Gartman Says He’s Exiting ‘Crowded’ Gold Market
31.7.2020
Gold bull Dennis Gartman is moving out of gold because the market has become “too crowded.” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775. “Too many...
Bitcoin’s Current Breakout Sets It up for $28,000, Headed for Six Figures – Max Keiser
29.7.2020
Max Keiser has predicted that bitcoin’s current bullish pattern will lead toward a price of $28,000. While the bitcoin bull does not give a timeframe when this is likely to happen, he believes that, thanks to relentless government money printing, the benchmark cryptocurrency will eventually...
Abra CEO Agrees With Bitcoin's Role as Digital Gold
16.7.2020
Abra CEO and founder Bill Barhydt said he sees Bitcoin as a store of value, increasingly distancing itself from mainstream market price correlation
Survey: 60% of Bitcoin Investors Will Die With Their BTC If Price Stays Below $10,000
15.7.2020
About 60% of bitcoin investors are willing to hold their coins until they die if the price fails to breach the key $10,000 level. Now that’s according to a Twitter poll by Peter Schiff. The gold-bug asked bitcoin ‘hodlers’: “How much longer does the price of #Bitcoin have...
Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold, Says Chainalysis
21.6.2020
Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis. Per the report, nearly 18.6 million bitcoin (BTC) has been mined as of June...
JPMorgan: Bitcoin’s Market Structure More Resilient Than Currencies, Equities, Treasuries and Gold
13.6.2020
JPMorgan’s strategists have reportedly found bitcoin’s market structure to be more resilient than those of currencies, equities, Treasuries, and gold. In a new report on bitcoin’s stress test, JPMorgan wrote that cryptocurrencies have “longevity as an asset class.”...
Bitcoin Suisse: Users Can Now Trade Gold Against Bitcoin and Ethereum
28.5.2020
Swiss crypto financial firm Bitcoin Suisse has added gold, silver, and platinum to its platform, allowing users to trade the precious metals against both bitcoin (BTC) and ether (ETH), as well as five other major fiat currencies. The precious metal trades are available for 24/7 trading with...
Bitcoin to Emerge as the Digital Gold in the Years to Come
24.4.2020
Bitcoin has immense potential to change significantly the way we have been banking, carrying out transactions, and viewing money. Bitcoin’s significant surge has made it difficult for people belonging to the finance sector, technology sector, and government to ignore it. Bitcoin has evolved...
Bitcoin to Be Digital Gold in 2020, Says Bloomberg Report
23.4.2020
Bitcoin will mature into a gold-like store of value this year, according to the latest projections by Bloomberg. The financial magazine’s report, “Bitcoin Maturation Leap,” notes that the cryptocurrency is poised for a bull run, after being temporarily dragged by...
Blind Faith in S2F Models: Analysts Question Measuring Bitcoin’s Price With Stock-to-Flow
6.4.2020
One of the most bullish charts for predicting the price of bitcoin is the infamous stock-to-flow (S2F) model. The S2F analysis shows the price of BTC could reach $55,000 in the near future. One advocate of the S2F model, the Twitter account known as ‘Plan B,’ wrote a report about...
Ethereum Founder Tells Bitcoin Dev: BTC Wasn’t Always ‘Digital Gold’
2.4.2020
Ethereum founder, Vitalik Buterin, got into a Twitter spat with a Bitcoin developer when he told him the Bitcoin narrative had changed from ‘P2P cash’ to ‘digital gold’
The Many Facts Pointing to Wei Dai Being Satoshi
1.4.2020
Satoshi Nakamoto has been an enigma for well over a decade and there’s been a number of suspects and self-styled Bitcoin inventors. One particular suspect is the computer engineer Wei Dai, the creator of the b-money system and the Crypto++ cryptographic library. Since the Bitcoin network...
Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate
23.3.2020
Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What...
Bitcoin Has ‘Solidified Role’ as Investors’ Digital Gold — Grayscale
3.3.2020
Institutions now increasingly view Bitcoin as a “flight to safety,” Grayscale’s managing director says
Bitcoin Pumpers Forced to Admit It’s Not Digital Gold – Peter Schiff
27.2.2020
Peter Schiff – economist, stock-broker, and gold promoter – argued that Bitcoin did not pass the test for a global reserve currency in his latest podcast released earlier today. In a pointed gesture to his Twitter spat with Anthony Pompliano yesterday over Bitcoin’s status as...
Bitcoin Pumpers Forced to Admit It’s Not Digital Gold – Peter Schiff
27.2.2020
Peter Schiff – economist, stock-broker, and gold promoter – argued that Bitcoin did not pass the test for a global reserve currency in his latest podcast released earlier today. In a pointed gesture to his Twitter spat with Anthony Pompliano yesterday over Bitcoin’s status as...
‘Digital Gold’ Label Shifts as XRP Correlation to Gold Outpaces Bitcoin
20.2.2020
Bitcoin is frequently referred to as digital gold but data shows XRP has a stronger correlation to gold in 2020
Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving
9.2.2020
The total market capitalization of gold is estimated to be above $7 trillion, which is over 38 times that of bitcoin at the moment. However, there are those that think that the cryptocurrency is a better store of value for our age than the precious metal. The latest take on the idea explains...