Bitcoin’s comparison as “merely” digital gold demonstrates that legacy financial bureaucrats are in for a rude awakening. Early on Monday morning, March 22, during the Bank of International Settlement’s Innovation Summit, Federal Reserve chair Jerome Powell had this to say about bitcoin or, in his words, “crypto assets”: “Crypto assets are highly volatile — see […]
In February, one of the oldest financial institutions in the United States, Bank of New York Mellon, announced the launch of a custody service for Bitcoin and other cryptocurrencies. Claiming that BTC has become a widely accepted asset, the institution opted to get ahead in innovation. Now, BNY Mellon has published a valuation on Bitcoin […]
The Chair of the US Federal Reserve argues that while Bitcoin (BTC) is too volatile to be considered money and is “backed by nothing,” it could be a substitute for gold. He also recently made a statement on Bitcoin, which has affected the asset’s price seeing it drop by $1,000. Powell’s View on Cryptocurrencies In […]
Anthony Scaramucci, founder of alternative investment firm SkyBridge Capital, while hailing bitcoin’s performance, noted that the largest cryptocurrency by market capitalization was better than gold. Bitcoin Fits Role of Money as Technology In an interview on CNBC’s Squawk Box on Thursday (Mar. 18, 2021), Anthony Scaramucci compared to gold and bitcoin, stating that although gold may […]
Bitcoin is making headlines left and right on media outlets everywhere, but none more so than CNBC. According to a well respected journalist, during a segment on CNBC it was said that gold would be trading at $3,000 an ounce if it wasn’t for Bitcoin. Here’s why that statement is probably true, and why the […]
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2020 was the year of the digital gold narrative amid a pandemic and unprecedented money printing. In 2021, only Bitcoin matters and comparing it to gold at this point is selling the coin short. Now is the age of cryptocurrency, and no comparison shows that better than the two charts you are about to see […]
Blu Putnam said gold’s ongoing production, likely to increase this year, contrasts with bitcoin’s fixed supply.
Last week, the Bitcoin price rose 40%, which helped push the cryptos market past the $1 trillion market cap. Within the past 12 months, Bitcoin surged about 400%. Social Capital’s Chamath Palihapitiya indicated that Bitcoin could reach $100,000 and further over the course of the next 5-10 years. Because of this success, crypto investors should […]
Was the past year good for the yellow metal? What happened in 2020 and what will 2021 be like for the gold market? Nobody expected the Spanish Inquisition! And nobody expected a pandemic in 2020! Oh boy, what a year… How good that 2020 has already passed! It was an extraordinary year, unlike any other […]
This week, Anthony Scaramucci’s SkyBridge Capital announced the launch of its investment thesis, presentation and full website for its new Bitcoin Fund LP. Unlike other investment firms, it went a step further in explaining why it is actively choosing bitcoin over gold. SkyBridge Capital’s main fund, with $9.3 billion in assets under management (AUM), has […]
Anthony Scaramucci’s fund, Skybridge Capital, says that for Bitcoin to overtake gold and dominate as a store of value, its price must reach $535k. Bitcoin Must Rise 121X to Overtake Gold As per their investment deck published on Jan 4, this 121X expansion in the BTC/USD price will translate to a market cap of over […]
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Institutions need to keep buying to avoid a price drop, JPMorgan analysts say, but the outlook is rosy and will come at the expense of gold. Institutional investors may be all that’s pushing up the price of Bitcoin (BTC), a new report from JPMorgan Chase claims. In comments on Dec. 18 quoted by Bloomberg, strategists […]
Just because gold is losing momentum and bitcoin is gaining it doesn’t mean investors are selling gold to buy bitcoin – not yet, anyway.
The ongoing Bitcoin bull rally has made some of its biggest critics to change their views towards the scarce digital asset. Be it BlackRock CEO Laurence D. Fink who once called bitcoin a money-laundering tool back in 2017 now belive that bitcoin would expand into a global market. Billionaire Investor Ray Dalio took a U-turn […]
Bitcoin has undergone a strong surge over the past few weeks, strongly outperforming gold. The price of the leading precious metal has actually dropped strongly over the past few weeks, underperforming the stock market and BTC massively. Many think that it is Bitcoin that may be sucking the wind out of the sails of gold. […]
Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000. Gold Bullion International co-founder Dan Tapiero believes that it’s only a matter of time before Bitcoin’s price surges into the six-figure threshold. Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in […]
Bitcoin’s price has been caught within a bout of range-bound trading throughout the past few days, with the support at $18,000 and resistance at $19,000, leading to the formation of a new and intense trading range. Its trend of trading sideways has greatly favored altcoin bulls, as Ethereum and many other digital assets have been […]
Smart institutional money prefers bitcoin to gold. Bullish on Bitcoin In a research note published on Friday, JPMorgan analysts noted that an increasing number of institutional investors, including family offices, are considering looking at bitcoin as a legitimate alternative to gold. According to the note, JPMorgan analysts found that through October, Grayscale’s bitcoin trust witnessed […]
Real Vision Group CEO Raoul Pal says gold is “breaking down” against Bitcoin, a signal that the bullish case for BTC continues to strengthen. Earlier this week, Bitcoin (BTC) advocate and Real Vision CEO Raoul Pal said gold is breaking down against BTC. If the dominant cryptocurrency continues to gain momentum against BTC, it could strengthen its […]
A Friday note outlines institutional, corporate, and Millennial interest in the leading cryptocurrency.
A long-term downtrend flips to form bullish support as Willy Woo says Bitcoin’s days of tracking traditional markets are numbered. Bitcoin (BTC) may soon “decouple” from traditional assets, says statistician Willy Woo as a key gold relationship breaks out of a long-term downtrend. In a tweet on Sep. 25, Woo forecast that Bitcoin would act […]