Gold

Gold Rally Peaks: 5 Reasons Bitcoin Will Likely Outperform The Precious Metal

Ahead of the United States’ second round of economic stimulus, gold and Bitcoin exploded as the dollar fell. According to financial analysts, after setting a new record the gold rally may be peaking, leaving room for the cryptocurrency market to catch up to precious metals. Here are five important factors why Bitcoin will outperform gold […]

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JP Morgan’s Latest Gold Warning Puts Bitcoin At Risk of Dipping Below $10K

Bitcoin retreated by more than 2.5 percent in the early London trading session on profit-taking sentiment. The plunge almost mirrored a similar downside move in spot gold as the precious metal corrected lower shortly after coming at a striking distance of $2,000 an ounce. Analysts at JP Morgan & Chase warned about gold peaking out, […]

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Gold, Stimulus and a Futures Gap: 5 Things to Eye in Bitcoin This Week

Gold builds on all-time highs as markets wait for news from the U.S. Federal Reserve and Bitcoin price volatility returns — where will it go? Bitcoin (BTC) begins a new week above $10,000 and teasing investors with more gains — will it last or is a correction already guaranteed? Cointelegraph takes a look at the […]

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Wall Street Giants Expect Gold to Rally Further: How Bitcoin May React

Bitcoin’s price action over recent days has been impressive, but even more so is that of gold. The price of the precious metal has cracked nine-year highs on the back of a confluence of macro trends. It now trades for $1,901. A gold ounce is a few percentage points short of the all-time high around […]

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Gold Is At the “Early Start” of a Bull Market — and Bitcoin Can Benefit

Like Bitcoin, gold has performed extremely well since the start of 2020. The two assets are up by approximately 26% and 22%, respectively. Both seem to be benefiting from the influx of money printing done by central banks around the world. With gold primed to rally further according to technical and fundamental analysts, BTC may […]

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Gold Bug Peter Schiff Learns Bitcoin Holders Won’t Sell at Any Price

Almost 60% of 13,000 people say they will “hodl” Bitcoin to the grave if the BTC price fails to trade above $10,000. Bitcoin (BTC) has succeeded in trolling infamous skeptic Peter Schiff as another attempt to discredit investors falls flat. In a fresh Twitter survey on July 14, Schiff asked how long BTC/USD should trade […]

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Why One Outspoken Bitcoin Bull Recommends Holding More Gold Than BTC

Bitcoin and gold have formed a striking correlation throughout 2020, although this has shown some signs of degrading over the past few weeks as BTC continues extending its multi-month bout of sideways trading. Gold is also starting to move lockstep with the stock market, showing that traders are increasingly treating the precious metal as a […]

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Why This Finance Author Advocates Bitcoin Over Gold and Real Estate

The global financial market is experiencing the greatest shakeup in nearly a century. Amidst the shuffle, one well-known finance author is advocating Bitcoin over other hard assets like gold and real estate. But why? Rich Dad, Poor Dad Author Urges Investors Toward Hard Assets Author Robert Kiyosaki is better known as Rich Dad, Poor Dad, […]

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Bitcoin’s Correlation With Gold Is Weakening, Says New Kraken Report

A drop in Bitcoin trading resulted in a six-month low of Bitcoin’s annualized volatility. Though Bitcoin’s (BTC) correlation with gold has diminished, the asset’s correlation with the S&P 500 stock market index is on the rise, researchers from Kraken exchange found. Kraken Intelligence, a research arm of major United States cryptocurrency exchange, Kraken, released a […]

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Bitcoin and Gold Correlation at All-Time High as Prices Arrive at Resistance

The correlation between Bitcoin [BTC] and gold is at an all-time high. Moreover, looks like the de-coupling with the S&P 500 has happened completely as well.   Bloomberg Intelligence: Bitcoin-Gold 52-week correl (0.43) at all time highs: pic.twitter.com/ci1y1ngMQr — light (@LightCrypto) June 9, 2020 The important point to understand here is why the S&P correlation held […]

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Gold Chart Shows Why Bitcoin Is The Fastest Horse In Race Against Inflation

Hyperinflation is coming as a result of the Federal Reserve’s money printer working overtime since the start of the pandemic. Investors have been increasingly looking towards gold and even Bitcoin as a hedge against monetary policy. A new chart comparing a $1 investment made in each of the two scarce assets, proves why Bitcoin is […]

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Bitcoin and Gold Bounce Back with a Dip in Stocks, Will the Trend Continue?

Gold futures gained on Thursday as global socio-economic tension continue to linger. The price bounced back above $1700 after a two-day fall as the tension between the U.S. and China along with riots in the states have continued to create a tensed environment. Gold/USD 1-Day Chart (TradingView) The stocks opened slightly lower (negative 0.2%) today […]

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US Riots Spark Gold Rush, But Bitcoin Is The Better Safe Haven

Riots breaking out across the United States over the last several days have caused uncertainty to return to financial markets. Stock futures this weekend plummeted, while investors rushed to gold for its safe-haven like qualities. However, the recent riots highlight why Bitcoin is a far better safe haven than the precious metal ever could be. […]

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Bitcoin, Gold are Not Rising Because of Major Market Manipulation

Bitcoin and Gold ditched their safe-haven narratives to move alongside the risky U.S. equities amid a global healthcare crisis. While Bitcoin crashed to below $4,000 in an overnight dump on March 12, Gold logged its worst week in eight years. Both hedging assets suffered because of significant market manipulations in their market, according to researchers […]

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Gold to Become More Like Bitcoin in Coming Decade as World Goes Digital

The new decade beginning with 2020 will forever be remembered for the abrupt change it brought to the economy and the world. Economic tensions during these unusual, new conditions have caused hard assets like gold and Bitcoin to thrive. According to the co-founder of a digital gold investment firm, the new post-COVID world will move […]

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Bitcoin, Gold Post Strikingly Similar Bearish Moves as Cash Demand Rises

Bitcoin and Gold markets formed a strong intraday positive correlation for the first time since January 2020. The safe-haven rivals suffered losses on Thursday as investors rushed to the safety of cash. Peter Mallouk, president and chief investment officer of Creative Planning, advised investors not to gain exposure in Gold and Bitcoin. Even though Bitcoin […]

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Are Altcoins Silver To Bitcoin As Gold? Unusual Correlation Discovered

Bitcoin has long been referred to as the digital counterpart to the scarce physical asset and precious metal, gold. But could altcoins be the digital silver to Bitcoin as digital gold? According to an incredibly bizarre correlation, altcoins are nearly perfectly tracking alongside silver, albeit across different timeframes. What exactly does this mean, and is […]

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Bitcoin Vastly Outperforms Gold ETF on Year-Adjusted Timeframes

Bitcoin outperformed its traditional rival Gold on a year-adjusted timeframe. The cryptocurrency’s spot price surged more than 50 percent in a year, with a string of geopolitical and macroeconomic factors helping its rally. The same period saw the SPDR Gold Trust ETF rising by more than 32 percent. Bitcoin didn’t get its exchange-traded fund, but it […]

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Analysts Advocating Gold Over Fiat Is Bitcoin’s Time To Shine

The recent money-printing spree the Federal government has gone on has prompted financial analysts everywhere to advocate holding gold over fiat. However, the reasons they are providing are also the best possible reason to own Bitcoin. Will investors open their eyes to Bitcoin’s potential value? Or will it take the crypto asset continuing to outshine […]

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Bitcoin Struggles to Hold $7K as US Stocks, Oil, Gold Fall in Sync

Bitcoin briefly dipped below $7,000 as the US oil prices collapsed to their two-decade low. The cryptocurrency’s price declined alongside US equities and Gold markets, again exhibiting a risk-on behavior. The US dollar, on the other hand, jumped on safe-haven demand. Bitcoin briefly fell below its $7,000-support in what appears to be a panic-sell caused […]

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BitMEX CEO: ‘All in, Motherf*ckers’ on Bitcoin and Gold

BitMEX founder Arthur Hayes put out a thought-provoking piece on the company blog today. He talks about the effect of the COVID-19 crisis on the global economy and states that nothing will ever be the same again. “The USD fiction is over. It’s time for a new mental crutch.” He’s opting for Bitcoin and gold–what […]

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Bitcoin, Gold and SPX Recover from COVID-19 shock, V-Bottom or Sham Bounce?

Bitcoin has recovered nearly 90% from the COVID-19 drop from $7950. The drop to $3850 was quickly bought (in less than an hour) which showed the first signs of bottoming and presence of interested buyers. The price of Bitcoin [BTC] at 5: 30 hours UTC on 7th April is $$7280. BTC/USD 1-Day Chart on Coinbase […]

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Bitcoin has Maintained it’s Value Compared to Gold and Stocks: Analysis

Three weeks ago, as global commodities markets crashed, Bitcoin’s price tumbled more than 40% over the course of a few days. In the face of this collapse, critics derided the flagship cryptocurrency for its apparent inability to hold its value in a crisis. In response, analysts are now presenting data demonstrating that Bitcoin has, in […]

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