Financial analyst Peter Schiff criticizes Bitcoin’s stability as Gold soars
Economist Peter Schiff illustrated the negative side of Bitcoin’s stability with a warning that this could lead to a sharp decline in its market values. Schiff, as per his observations, shows that even the present streak of Bitcoin with the inability to hold $60,000 indicates that the “fringe crypto narrative/idea” is about to end. Meanwhile, […]
Zimbabwe turns to gold in efforts to permanently ditch US dollar
Buckle up, because Zimbabwe’s going for a wild ride down Gold Lane, ditching the US dollar like it’s out of fashion. Under President Emmerson Mnangagwa’s regime, this southern African gem is shaking up its monetary system yet again. This time, they’re pulling a bold move by introducing a new gold-backed currency. The Birth of the […]
Gold hits all-time high as goldbugs resume BTC bashing
Spot Gold has hit a new all-time high of $2,304 per ounce as its investors resume their usual trashing of the leading digital asset Bitcoin. This update is coming at a time when the United States Federal Reserve is making plans to cut the rate as inflation levels remain above the central bank’s target. According […]
Peter Schiff sparks debate: Bitcoin ETFs’ U.S. hours limit liquidity
Gold advocate Peter Schiff has once again stirred controversy within the cryptocurrency community by highlighting what he perceives as a significant flaw in Bitcoin exchange-traded Funds (ETFs). Schiff pointed out that, unlike the 24/7 global operation of the Bitcoin market, the liquidity of Bitcoin ETFs is limited to U.S. market hours. This limitation becomes apparent […]
Investors flock to Bitcoin as Gold takes a backseat in portfolio strategies
Bitcoin has emerged as the favored asset among investors, surpassing gold in portfolio allocation when adjusted for volatility, according to an analysis by JPMorgan. Bitcoin surpasses Gold In a recent report, JPMorgan managing director Nikolaos Panigirtzoglou revealed that Bitcoin’s allocation in investor portfolios now exceeds that of gold by a significant margin when volatility is […]
Robert Kiyosaki backs Bitcoin: Touts supremacy over Gold
Renowned author Robert Kiyosaki recently reiterated his belief in Bitcoin’s superiority over traditional assets, such as gold and silver, in a social media post. Kiyosaki emphasized Bitcoin’s fixed supply of 21 million coins, contrasting it with the fluctuating nature of precious metals’ prices. Bitcoin’s resilience amid market fluctuations has drawn attention to Kiyosaki’s endorsement, particularly […]
Bitcoin Bulls Clash with Gold Advocates as Both Assets Hit Unprecedented Highs
Bitcoin and gold made headlines as both assets reached new all-time highs on the same day, marking a historic moment for investors. Bitcoin, represented by the ticker symbol BTC, surged to a remarkable price of $69,210, surpassing its previous record and continuing its upward trajectory. Similarly, spot gold broke through its previous all-time high, reaching […]
U.S. stocks dip while Bitcoin and gold make all-time highs
Yesterday, Wall Street had a tough time, with major stock indexes all taking a nosedive. The tech-heavy Nasdaq got hit hardest, dropping more than the others. Tom Hainlin at U.S. Bank Wealth Management summed it up: “It’s a rough day. The economy’s slowing down, and it’s not just about interest rate cuts.” Despite this, Bitcoin […]
Peter Schiff calls for balanced coverage between Gold and Bitcoin
Peter Schiff, a vocal critic of cryptocurrencies, accused CNBC of disproportionately focusing on Bitcoin and its newly introduced exchange-traded funds (ETFs), while neglecting significant developments in the gold market. Schiff highlighted that CNBC failed to adequately cover a substantial $43 increase in gold prices and the record-high performance of the gold ETF, GLD. According to […]
Here’s why Bitcoin will outshine Gold – Galaxy CEO Mike Novogratz details it out
Bitcoin’s prominence is forecasted to surpass that of gold, primarily due to the substantial wealth held by the baby boomer generation. Mike Novogratz, the CEO of Galaxy Digital, predicts that Bitcoin will become more significant than gold, driven by the trillions of dollars in wealth owned by baby boomers. Novogratz suggests that investors will increasingly […]
Spot Bitcoin ETFs are reshaping gold-backed investments
A new wave of enthusiasm has hit Bitcoin exchange-traded funds (ETFs), luring investors to shift their gaze and funds from traditional gold-backed ETFs. Despite the skepticism from some quarters of the financial analysis space, the allure of Bitcoin ETFs as a hedge against inflation is undeniable. With the U.S. regulators giving the thumbs up to […]
Bitcoin to surpass gold rarity, experts predict mind-blowing $500K price
Bitcoin’s price is anticipated to experience significant growth, with various factors contributing to this bullish outlook. The recent inflow of thousands of BTC into Bitcoin ETFs suggests increasing institutional interest and investment. Analysts like Tim Draper predict a surge post the 2024 halving, with a potential price reaching $250,000. Additionally, some optimistic projections even speculate […]
Why Spot ETFs are not affecting Bitcoin like they did gold
The buzz around the introduction of U.S. exchange-traded funds (ETFs) tracking Bitcoin has been building like a storm over Wall Street, with expectations high and fingers crossed. The crypto world was abuzz with predictions that these ETFs would revolutionize Bitcoin investment, akin to the seismic shift the SPDR Gold Shares ETF brought to gold back […]
Bitcoin’s potential surge to $10M tied to Dollar’s fate, says Peter Schiff
In a recent statement, economist Peter Schiff has put forward a bold prediction about Bitcoin, suggesting a possible surge to $10 million. However, this comes with a significant caveat, linking its potential rise to a hypothetical collapse of the U.S. dollar. Schiff’s analysis: A conditional Bitcoin surge Schiff parallels Germany’s 1921-1923 hyperinflation, proposing that BTC […]
Peter Schiff goes after Bitcoin investors for the coins’ comparison to gold
The debate between traditional assets and emerging digital currencies has intensified, drawing attention from prominent figures in the financial world. One such figure is Peter Schiff, a well-known economist, financial commentator, and stockbroker who has consistently expressed skepticism toward Bitcoin. In recent times, Schiff has not only criticized the crypto itself but has also taken […]
Can Gold and Bitcoin beat the odds amid rate cut skepticism?
Is it Gold or Bitcoin, or both? The interplay between traditional assets and emerging digital currencies has become a subject of keen interest. Recently, as central banks reevaluate their monetary policies and reconsider the prospect of interest rate cuts, two distinct assets have found themselves under scrutiny – gold, a longstanding symbol of wealth and […]
Central banks go for gold in bold move to safeguard dollar
In a world where economic chess is the game, central banks have made a power play, amassing a record-breaking 374.1 tons of gold in 2023. This isn’t just any gold rush; it’s a strategic maneuver to fortify the US Dollar amidst the growing influence of the BRICS alliance and their de-dollarization plans. The message is […]
BRICS, Gold, and Bitcoin set to humble the US Dollar in 2024 – Here’s the why and how
The year 2024 has emerged as a pivotal juncture marked by the convergence of strategic initiatives among BRICS nations, the enduring allure of gold, and the meteoric rise of Bitcoin. This strong trifecta is poised to change the dynamics of international currency dominance, threatening the US Dollar’s long-standing control. Dollar heads for a catastrophic 2024 […]
Gold and not Bitcoin becomes a safe haven amid Fitch’s US credit downgrade
Since the onset of Bitcoin and the years that followed, digital coins have prided themselves as a hedge to volatility, but gold has stood the economical test. Gold (XAU) rose on Wednesday as reports indicated that a perfect storm was brewing, causing the U.S. Dollar, Treasury yields, and Asian equities to fall. What does Fitch […]
Zimbabwean economist proposes paying government workers with gold coins
Amidst Zimbabwe’s currency market challenges and a sharp depreciation of the local currency, economist George Nhepera has put forward a unique suggestion to address the situation. Nhepera recommends that the Zimbabwean government consider paying a portion of government workers’ salaries with gold coins. This approach aims to mitigate the dominance of the black market in […]
Gold resurgence: Central Banks bring bullion closer home
In a world bristling with uncertainty, a unique resurrection is playing out on the global stage. Gold, the timeless emblem of wealth and stability, is now experiencing a revival. Central banks around the globe, driven by the need to fortify their financial ramparts against high inflation and asset freeze threats, are accumulating more of this […]
U.S. banking turmoil sparks gold frenzy in central banks
The World Gold Council (WGC) has reported record-high gold demand from central banks in the first quarter of this year, fueled by increasing economic uncertainty, potential U.S. banking sector woes, and possible pauses in Federal Reserve interest rate hikes. Gold prices have breached the $2,000 per ounce mark and continue to edge closer to all-time […]
Interest in buying Gold and Bitcoin rises amid US banking turmoil
As the banking sector in the United States faces instability, Google Trends has detected a significant increase in searches related to purchasing gold and bitcoin. In early April 2023, the search query “how to buy gold” reached a score of 100, while “how to buy bitcoin” hit the same score on March 20, 2023. Google […]
Don’t be “Exit Liquidity” – Arthur Hayes examines crypto and gold amid de-dollarization
Arthur Hayes is a former CEO of BitMEX, a crypto derivatives exchange. In his recent article titled “Exit Liquidity,” he explores America’s position as the global reserve currency issuer and how it affects the world economy. He is very clear about his stand as the global economy stands “I Will not be exit liquidity!” Arthur […]
Mark Cuban’s bold statement about Bitcoin and Gold investors
Mark Cuban, the wealthy Shark tank star and owner of the basketball team Dallas Mavericks, has publicly praised Bitcoin while simultaneously casting doubt on the merits of investing in gold. The provocative statements that Cuban made regarding Bitcoin and gold were made during a wide-ranging interview on an upcoming edition of comedian Bill Maher’s “Club […]
Precious Metals Platform Aufort Gold Partners With Swapin On Crypto Payments
Tallinn, Estonia-based investment firm Aufort Gold has revealed that it will begin taking crypto payments in exchange for its gold bars, coins, and innovative gold account services. The company will be leveraging Swapin solutions through an all-new B2B partnership. Here is all you need to know about the news and how Swapin makes it all […]
Jeremy Siegel: Inflation and rates will rise as millennials prefer Bitcoin to Gold
TL;DR Breakdown Jeremy Siegel, a professor at the University of Pennsylvania, has said inflation will bite the US economy. He also hinted that the younger generations prefer bitcoin to Gold. Jeremy Siegel, a finance expert at the University of Pennsylvania’s Wharton School, has issued a warning on inflation. Besides, he says the Feds will raise […]
SEBA bank introduces a digital token to facilitate virtual ownership of gold
TL;DR Breakdown Gold has a market cap of over $11T, which makes it a good investment for the store of value and dealing with inflations As a result, the SEBA bank is introducing a digital token to facilitate virtual gold ownership. According to SEBA bank CEO Guido Buehler, Gold is a perfect solution for investors […]
Gold-pegged cryptocurrency could be a safe investment option
TL;DR Breakdown • Tether Gold and Pax Gold enter the list of the two leading cryptos.• Gold-Pegged cryptocurrency focuses on operating within decentralized and core networks. Although gold is one of the most invaluable elements globally, this does not mean it is impossible to replace it. In the 21st century, the shiny metal took a […]
Ukraine invasion leads to soaring gold prices, as Bitcoin holds on
TL;DR Breakdown Gold prices have spiked due to the Ukraine invasion. Stock markets continue to plummet. Bitcion and crypto markets resist, prices are up by almost 10% in 24 hours. Ukrainian crypto exchanges experience a 200% increase in trading volume. Since last week, the world has been on the edge as tensions between Russia and […]
Bitcoin Vs Gold – Is PlanB comparing apples to oranges, or is BTC at $135K still in play?
TL;DR Breakdown PlanB reignites Bitcoin vs gold debate: Will BTC reach $135K by Dec 2021? PlanB’s latest tweet reignites the Bitcoin vs gold debate At current rates, 1 BTC is equal to 18 ounces of gold PlanB predicts that BTC denominated in gold is set to rise further PlanB, the famed crypto analyst and stock-to-flow […]
Bitcoin price briefly trades above $50K after Biden’s stimulus push; what next?
TL;DR breakdown Bitcoin price rallies past $50,000. Investors expect another bull cycle. Stablecoin reserves at an all-time high in anticipation of a bull-run. BTC/USD sets new ATH. Bitcoin price overview Bitcoin price finally hit the highly anticipated $50,000 price level, but it did not stick around the price level for long. After several oscillations since […]
Amid BTC Vs. Gold rivalry, millennials to fuel next BTC rally, says JPMorgan
What will fuel the next BTC rally is always an unknown. History has shown that Bitcoin rallies are often built on strong fundamentals and technical. So, one has to study both the macro events as well as technical charts. The JPMorgan ‘Flows and Liquidity’ publication aims to deliver clear insights to its clients and investors […]
Cryptocurrency ranks above gold in top 5 Russian investments new report shows
Cryptocurrency breaks into the top 5 most popular investment tools in Russia Gold has fallen in popularity to digital assets with investors Russia now has the second-largest cryptocurrency adoption rate in the world The World Gold Council report on the last 12 months has shown cryptocurrencies account for 17% of Russian investments, nudging ahead of […]
Could inflations in the US push a $15k BTC bullish triangle?
With Bitcoin moving comfortably in an upward stride, Adam Mancini, a famous Bitcoin trader, says Bitcoin has all the reasons to break out of the BTC bullish triangle to post a $15,000 price mark in the coming weeks. BTC Bullish triangle in this context means a continued pattern of upward movement by the coin to […]
Bitcoin outperforms G4 central bank balance sheets
A seasoned investment specialist, Raoul Pal, has lauded Bitcoins growth rate as he confirms that the cryptocurrency posted a growth far better than that of G4 central bank balance sheets. The G4 comprises four central banks which include the Bank of England, Bank of Japan, the Federal Reserve and the European Central Bank. These banks […]
Gold or Bitcoin debate splits young and old investors
Gold or Bitcoin debate seems to be getting hotter. A JP Morgan study has revealed that young people are buying Bitcoin while the old guard is lining up to buy gold to ward off any economic downturn. The phenomenon once again highlights the chasm between the old and young investors who take different paths in […]
Global stimulus packages drive Gold price near all-time highs
Global stimulus packages have caused the prices of assets such as Gold, Silver, and numerous digital currencies to rise significantly. The Gold price has surpassed $1,900 for the first time since 2011 and can be said to be at its all-time high. Meanwhile, digital assets such as Ethereum and Bitcoin have also seen a significant […]
Bitcoin holders ready to die holding their crypto if price remains below 10k
58 percent of Bitcoin holders in a survey carried out by crypto critic, and venture capitalist Peter Schiff revealed they are ready to die with their digital asset for how long it stays below 10k. Schiff conducted the pool on Twitter asking BTC holders how “much longer does the price of bitcoin have to stay […]
Bitcoin price to rise alongside gold, analyst predicts
In recent weeks, the value of gold has been on the rise in contrast with the Bitcoin and S&P 500 market. Since the precious metal plunged to $1,670 in June, it has continued to show strength. Days ago, gold’s value rose above $1,800 for the first time since the post great recession rally. Reportedly, gold […]
