Gold

This Metric Against Gold Signals Bitcoin (BTC) Market Cap Could Hit Over A Trillion By 2024

The price of Bitcoin (BTC) relative to other “store of value assets” such as gold, silver and palladium may be greatly undervalued according to the stock-to-flow (S2F) model. This is a model devised for assets that are naturally scarce to obtain such as searching and mining gold hence driving up value over time as the […]

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Becoming a Safe Haven: A Year of Bitcoin Correlation With Gold

The narrative surrounding Bitcoin has often changed, starting as a peer-to-peer form of digital cash, to a store of value, and eventually, to a safe haven asset like gold. The concept that Bitcoin will someday behave similarly as the precious metal is becoming increasingly valid after more than a year of correlation alongside the original […]

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Goldman Sachs’ Call to Buy Gold Cheers Bitcoin Bulls; Here’s Why

Bitcoin bulls were cheerful this Tuesday as a top analyst’s call to purchase gold amidst the Coronavirus-induced market turmoil created similar opportunities for the cryptocurrency. Jeffrey Currie, a commodity researcher at Goldman Sachs, said in a note that the yellow metal has reached an “inflection point” after the Federal Reserve announced that it would buy […]

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Bitcoin Traders Can Now Stack Sats By Shorting Gold Price

Phemex, a cryptocurrency derivatives exchange, has added a gold/USD trading pair. This move opens the door for Bitcoin traders to take advantage of declining gold prices. It is also a further step in the maturation of the crypto market. BITCOIN TRADERS WANT A GOLD OPTION Josh Rager, co-founder of Blockroots, made the announcement on Twitter: […]

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Bitcoin & Gold ‘Are Doing the Same Thing’ in Coronavirus Crisis: Pomp

Anthony Pompliano has argued that Bitcoin and gold will recover once the immediate liquidity crisis gripping the global markets has subsided. On March 14, Tyler Winklevoss, the co-founder and CEO of Gemini and prominent early Bitcoin investor, took to Twitter to defend Bitcoin despite the recent market crash. In the tweet, Tyler emphasizes that Bitcoin […]

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Investors Frantically Rush to Bitcoin, Gold, and Bonds as Coronavirus Fear Spikes

Bitcoin holds above a key support level of $9,000 amidst growing demand for safe-haven assets. The cryptocurrency is eyeing a break above $9,500 to confirm a medium-term bullish bias. Rising cases of Coronavirus in the US has led investors to withdraw from equities this week. Gold and bonds have inched higher, meanwhile. The last couple […]

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Stock Market, Bitcoin, and Gold: Everything Is Collapsing Together

The stock market just had its worst one-week correction since the global economic recession, with Bitcoin and gold falling in tandem. Is the fact that these once uncorrelated assets are suddenly all collapsing together in unison a signal that a greater global economic meltdown is on the horizon? As the Stock Market Crashes, Bitcoin and […]

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Gold Tanks Hard: Is Store of Value Narrative at Threat Like Bitcoin?

Gold has joined the proverbial blood bath both traditional and crypto markets have faced over the last few days. The sudden drop is reminiscent of the volatility seen in Bitcoin markets, but we’re still waiting for the likes of Peter Schiff to dismiss the yellow metal’s “store of value” qualities. The markets seem to be […]

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‘Digital Gold’ Label Shifts as XRP Correlation to Gold Outpaces Bitcoin

New data shows that XRP is more deserving of the digital gold label frequently ascribed to Bitcoin. Up until the most recent correction, Bitcoin (BTC) price was repeatedly pushing above $10,300 and attempting to reach a 2020 high above $9,500. 2020 started with a strong upward trend and altcoins followed Bitcoin’s price action, as thoroughly […]

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Buy Bitcoin, Top EU Gold Company Tells “Mentally Blocked” Investors

Bitcoin’s explosive price rally this year has earned it a new fan in CelticGold, AG. The Frankfurt-based precious metals exchange in a note advised commodity investors to purchase the world’s leading cryptocurrency. It said they should at least allocate 1-5 percent of their precious metals portfolio to Bitcoin, citing its two-year winning streak that resulted […]

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Bitcoin to Become Superior to Gold After 2020 Halving

After the second halving in 2016, Bitcoin’s price skyrocketed. So, will the third halving, scheduled to occur in May 2020, repeat the same? A Pre-Halving Bitcoin Price Rally Is Already Underway A Bitcoin halving occurs every four years. At each halving event, the BTC generation algorithm cuts the block reward by half. As a result, […]

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Ethereum [ETH] Breaks $200; Will Ethereum Be a True “Digital Gold” Platform?

For Ethereum (ETH) fans, there is every reason to be optimistic. Not only is ETH rallying but the expectation of the masses is that the platform will eventually disrupt processes and drive to oblivion several projects. For now, Ethereum remains as a platform that is still grappling with scalability challenges but developers, and especially the […]

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No Bitcoin and Gold Prices are Not Correlated: Research

Bitcoin is often called ‘digital gold,’ which led many to assume that the two assets are correlated in some way, but recent research has debunked such theories. Whenever someone starts researching the cryptocurrency space at all, it does not take long before they run into the phrase ‘digital gold.’ which is one of the most […]

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Gold Price Dips as Iran Risk Subsides, Bitcoin Retains Value

Gold price seemed to react immediately to the lessened risk of tensions between the US and Iran today. Gold bullion has now dropped from its recent highest peak since 2013, as investors seemingly switch to more risky assets. Gold Price Rose in 2019, Still Outpaced by Crypto Gains Gold price has reflected a belief in […]

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Prominent Gold Bull Thinks the Next Recession Will Be Brutal; Bullish for Bitcoin?

The U.S. economy has been caught within an upwards tailwind for over a decade now, with investors seeing constant returns while jobs continue to boom and companies continue to grow. One group of investors who have not benefited greatly from this roaring economy is Gold buyers, who will all benefit greatly from an economic crisis. […]

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Bullish Stock Market Rally Shines but Gloomy Gold is Slumping

The gold price dropped by 1.75% in the past three days despite… The post Bullish Stock Market Rally Shines but Gloomy Gold is Slumping appeared first on CCN.com

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Bitcoin No Longer Looks Like ‘Digital Gold’ by One Measure

If “digital gold” means “assets where investors park money during financial market turmoil,” then bitcoin doesn’t fit the bill as well as it used to.

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Gold Traders Target Yearly-Highs as Trump Tariffs Risk Stock Market Selloff

Gold price avoided a steep drop. In the short-term, warnings of a further stock market sell-off by strategists position it for a relief rally. The post Gold Traders Target Yearly-Highs as Trump Tariffs Risk Stock Market Selloff appeared first on CCN.com

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Bitcoin Mining in North America: A New Gold Rush in the New World

The phones are ringing off the hooks at the New York offices of BitOoda, a financial services and brokerage firm that advises bitcoin mining companies and investors in the bitcoin space on investment strategies and risk management. Ryan Porter, head of business development at BitOoda, told Bitcoin Magazine that there’s lots of interest, including from […]

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Bitcoin Is Up More YTD Than Gold Is in Last Decade: Pomp

Anthony Pompliano schooled gold bug Peter Schiff by pointing out that bitcoin has gained more this year than gold has in the last 10. The post Bitcoin Is Up More YTD Than Gold Is in Last Decade: Pomp appeared first on CCN.com

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Bobby Lee: $500K Bitcoin Price ‘Flippening’ of Gold Will Come by 2028

A price of $500,000 is easily in reach within the next nine years, says the BTCC co-founder, with $1 million possible afterward. Bitcoin (BTC) will surpass the market cap of gold and could ultimately be worth $1 million, well-known industry figure Bobby Lee has said.  In a series of tweets on Nov. 10, Lee, who […]

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Bitcoin Price Will Never Hit $100,000? Gold Bug Bashes Bulls

For the longest time, Bitcoin investors have been shooting for the moon, calling for the BTC price to hit lofty price points, like $50,000 and $100,000. The cryptocurrency has the potential to usurp traditional power schema, after all. But, Peter Schiff, a leading gold investor, doesn’t think such appreciation will take place. Related Reading: ‘Discount Bitcoin […]

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BTC Bullion: Three Interpretations of Bitcoin as “Digital Gold”

Bitcoin is often described as “digital gold.” While this is an oversimplification, it can be a helpful way of understanding some of bitcoin’s most critical properties — the things that “give bitcoin value.” One of bitcoin’s preeminent use cases is in its role as a store of value, a status that gold has long embodied. […]

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