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‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes
9.12.2020
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains...
Volatile Bitcoin Not a True Store of Value Just Yet, Says Fidelity Digital Assets Head
5.12.2020
Fidelity Digital Assets president Tom Jessop says that bitcoin is not a true store of value just yet because the digital asset is still too volatile, Reuters reported. However, investors are optimistic bitcoin will attain this status. “We use the word ‘potential store of value’...
Bitcoin a ‘Potential Store of Value’ That’s Very Volatile: Fidelity Digital Assets Head
3.12.2020
Many investors aspire to hold bitcoin as a store of value, but right now the cryptocurrency is very volatile, said the head of Fidelity Digital Assets
Historian Niall Ferguson Says Bitcoin Is Winning the Covid-19 Monetary Revolution
2.12.2020
Historian and senior fellow with the Hoover Institution at Stanford University, Niall Ferguson says bitcoin is winning the Covid-19 monetary revolution. Hailing the virtual currency as a great place for the rich to store their wealth, Ferguson also notes that the bitcoin’s resilience...
SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value
23.11.2020
The chairman of the U.S. Securities and Exchange Commission (SEC) has explained how the U.S. government is regulating cryptocurrency. He calls bitcoin a store of value, noting that its rise is driven by the inefficiencies of the current payment system. How Bitcoin Is Regulated in the US...
US Senator Cynthia Lummis to Ensure Congress Understands Bitcoin Is a ‘Great Store of Value’
18.11.2020
Bitcoiner Cynthia Lummis has been elected to the U.S. Senate. She has revealed that one of her priorities is to explain to her colleagues in Congress about bitcoin being “a great store of value.” Cynthia Lummis Plans to Convince Congress That Bitcoin Is a Great Store of Value Cynthia...
Stanley Druckenmiller Owns Bitcoin, Calls It Attractive Store of Value
10.11.2020
Billionaire investor Stanley Druckenmiller has revealed that he owns bitcoin, calling it an asset class that has a lot of attraction as a store of value and could be a better investment than gold. Stan Druckenmiller Owns Bitcoin Stanley Druckenmiller revealed on Monday that he owns bitcoin...
‘Dr Doom’ Nouriel Roubini Admits Bitcoin May Be a Store of Value, Sees Big Revolution in Central Bank Digital Currencies
9.11.2020
Economist Nouriel Roubini, also known as “Dr. Doom,” has admitted that bitcoin may be a store of value. Roubini sees a “big revolution” coming in the next three years due to central banks launching their own digital currencies. Nouriel Roubini Sees Store of Value in Bitcoin...
Gold Price Expected to Rally Despite Concerns About Lockdown 2.0
5.11.2020
Gold industry players say the inevitable printing of new money by the U.S. will lead to an increase in the circulating supply of fiat currency. This increase, in turn, will further dilute the value of U.S. currency and thus diminish its perceived status as the world’s foremost reserve...
Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform
2.11.2020
Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation...
$250 Trillion in Assets Looking for Ideal Store of Value: A Bull Case for Bitcoin
26.10.2020
The CEO of Nasdaq-listed billion-dollar company Microstrategy has made a strong bull case for bitcoin. He says there is a $250 trillion ocean of assets looking for the ideal store a value right now and bitcoin is a better store of value than gold or tech stocks, so “a lot of that monetary...
40 Million Troy Ounces: Russia’s Gold Find Reaffirms Bitcoin as the More Scarce Asset
26.10.2020
News of the discovery of approximately 40 million troy ounces of gold in Russia’s Siberian region is likely to boost the profitability of the country’s biggest gold producer, while adding to the supply of the “scarce” resource. Reports say the Polyus owned the Sukhoi...
CBDC as a store of value threatens financial system, says German official
21.10.2020
The German central bank is considering alternatives to CBDC as a digital payment solutions
Fidelity Digital Assets Touts Bitcoin Credentials, As Publicly Traded Companies Now Hold Over 600,000 BTC
15.10.2020
Fidelity Digital Assets (FDA) says diversifying an investment portfolio with bitcoin is especially essential now when benchmark interest rates globally are near or below zero. The opportunity cost of not allocating to bitcoin is simply higher explains FDA in its latest bitcoin investment thesis....
Blockchain Bites: FCA’s Crypto Crackdown, McAfee’s Charges, Ethereum’s Store of Value
6.10.2020
John McAfee was charged with promoting ICOs without disclosing his payments while the U.K.'s FCA has banned certain crypto derivatives
Aurus Disrupts the Gold Industry – Today Its Ecosystem Lists at a Value of $75m
1.10.2020
With the US dollar facing headwinds, notably the coronavirus pandemic and an upcoming presidential election that could be among the most contentious in recent memory, gold has taken over as the preferred store of value for many investors. The price of the yellow metal has soared by more than...
US Senate Candidate Lummis Is a Hodler, Sees Bitcoin as Alternative Store of Value to US Dollar
29.9.2020
US Senate candidate Cynthia Lummis is pro-bitcoin. She bought her first bitcoin during her time in Congress. Now she calls herself a hodler and sees the cryptocurrency as a viable alternative store of value to the US dollar. Bitcoin Advocate in the Senate Cynthia Lummis served Wyoming as...
MicroStrategy CEO says ‘Bitcoin scales just fine as store of value’
18.9.2020
Arguably the biggest Bitcoin adoption move of 2020 turned 78,338 off-chain transactions into just 18 on-chain ones, with MicroStrategy praising scalability
Over 15% of ETH Supply Locked in Smart Contracts, BTC Dominance Declining
17.9.2020
The rapid growth of decentralized finance (defi) protocols is contributing to the increasing proportion of ETH supply that is now locked in smart contracts. More than 15% of the total ETH supply is now locked, compared to 11.5% from a year ago. This growth led to the inevitable decline of...
Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge
8.9.2020
Latin Americans have embraced cryptocurrency as a store of value while their fiat currencies depreciate, a new report shows. Bitcoin adoption in the region is further driven by the lack of banking access and remittance needs. Latin American Bitcoin Adoption Blockchain data analytics firm...