Tags : gold

Bitcoin

Technical Signal Suggests Gold Is Ready For Revenge Against Bitcoin

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 […]Read More

Bitcoin

Newsletter Morning Brew Boots Gold For Bitcoin

As part of the continued demonization of gold at the hands of Bitcoin, the precious metal that was once the hard money standard has received the boot from popular daily email newsletter Morning Brew. Due to the rising popularity of Bitcoin, gold has been completely replaced with a price ticker instead for the leading cryptocurrency […]Read More

Regulation

Bitcoin is much closer to gold than to dollar, says

U.S. Federal Reserve says digital currencies can ‘coexist’ with cash Jerome Powell, head of the US Federal Reserve, said state-backed digital currencies and official Central Bank Digital Currencies (CBDCs) can function alongside fiat money in the coming years, as per a report on business outlet Bloomberg on Thursday. 2 min read → Source linkRead More

Bitcoin

Data shows Bitcoin is ‘replacing’ gold as a store of

Bitcoin, the ‘digital gold,’ is giving the real deal a run for its money. Or at least the data shows so. Gold will see use in jewelry Data from Bloomberg shows investors are scooping up Bitcoin at an unprecedented rate in current times, with the cryptocurrency fast becoming a part of portfolios around the world. […]Read More

Bitcoin

Bitcoin Is Replacing Gold At An “Accelerating Pace”

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, […]Read More

Bitcoin

Bitcoin’s Wild Rally to $50,000 Turns Investors Away from Gold

Investors are cooling on gold as its digital rival Bitcoin takes the front seat in the race between the hottest hedging assets against inflation and fiat devaluation. Data fetched by the Commodity Futures Trading Commission shows a decline in hedge fund interests in the precious metal as focus shifts on rising nominal yields and the […]Read More

Bitcoin

ShapeShift CEO Erik Voorhees on Bitcoin’s future and Peter Schiff’s

Bitcoin’s rise in 2020 was marked by institutions purchasing the asset as a hedge against global inflation, a bleak economic outlook, and an overall low-yield environment in the traditional finance market. The year 2021 is not far behind in that regard. The first month saw business enterprise firm MicroStrategy conduct its “Bitcoin playbook” conference, a […]Read More