The Takeaway: Bitcoin nearly triples its price in 2020 and ends the year close to $29,000 but ether gained 450%. Bitcoin (BTC) trading around $28,963 as of 21:00 UTC (4 p.m. ET), gaining 1.5% over the previous 24 hours. Bitcoin’s 24-hour range: $27,916.63 – $29,280.05 (CoinDesk 20) Bitcoin prices, Dec. 30 – Dec. 31, 2020. …
Market Wrap: Bitcoin Closes 2020 Near Record Highs Read More »
Bitcoin (BTC) has won over a number of mainstream financial gurus in 2020 against the backdrop of a difficult year for the United States economy. Some markets experts, such as Dennis Gartman, however, still remain skeptical of the digital asset. Gold and Bitcoin are not really equivalent, according to Gartman’s Tuesday interview with Bloomberg. “Gold …
Bitcoin’s limited supply doesn’t really matter to one markets commentator Read More »
<div class=”featured_image_container”> </div> <strong>Christopher Wood, the global head of equity at Jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin. He adds that there are plans to increase the crypto component of Jefferies’ long-only global portfolio for U.S. dollar-denominated pension fund if and when the bitcoin …
<div class=”featured_image_container”> </div> <strong>Goldman Sachs’ head of commodities research calls bitcoin “the retail inflation hedge” and likens the cryptocurrency to copper. He says gold and bitcoin can co-exist and does “not see bitcoin’s rising popularity as an existential threat to gold’s status as the currency of last resort.”</strong> Goldman Sachs on Bitcoin, Gold, Copper, and …
Goldman Sachs Calls Bitcoin ‘the Retail Inflation Hedge’ That’s Not a Threat to Gold Read More »
<div class=”featured_image_container”> </div> <strong>This week the U.S. Federal Reserve met for two days at the Federal Open Market Committee meeting and detailed that it would keep short-term borrowing rates at near zero. Meanwhile, the Fed also stated that it would continue buying bonds until the U.S. economy returns to full employment.</strong> America’s central bank met …
2020’s Crypto Performances: The Biggest Token Losers and This Year’s Top-Performing Cryptocurrencies Digital currency markets have climbed significantly in value all year long, despite the gloomy global economy and the aftermath of Covid-19 responses. Bitcoin prices have been hovering at values not seen since 2017, and the top crypto asset in terms … read more. …
Chinese State Media Surprises With Forecast of Bitcoin Outshining Gold Read More »
Earlier this week, JPMorgan published a global markets strategy note that points out that money has flowed out of gold and into bitcoin since October, and predicts that this trend will continue over the medium to longer term. The easy conclusion is that investors are finally understanding that bitcoin is a superior future store of …
Crypto Long & Short: Bitcoin’s Relationship With Gold Is More Complicated Than It Looks Read More »
A Canadian restaurant chain known for serving shawarma, hummus, and other Middle Eastern delicacies has dropped some serious truth bombs about why Bitcoin (BTC) is a better store of value than gold. In a series of tweets, Ontario-based Tahini’s Restaurants explained why Bitcoin — and not gold — is the best way to preserve one’s …
Shawarma connoisseurs serve up perfect recipe for Bitcoin adoption Read More »
<div class=”featured_image_container”> </div> <strong>The well known gold bug, CEO and chief investment officer at U.S. Global Investors, Frank Holmes recently sat down for an interview and discussed his price predictions in regard to the 2021 value of gold. Holmes also said that cryptocurrencies will continue to do well next year, as he believes increasing bitcoin …
Bitcoin (BTC) can offer protection against the “depreciating value of money,” newly-bullish investor Ray Dalio says. In a Reddit “Ask Me Anything” session on Dec. 8, Dalio, who last month abandoned his skepticism of Bitcoin, said that the cryptocurrency could complement gold as an investment. Dalio: Bitcoin “could be diversifier to gold” “I think that …
‘A flood of money and credit’ — Ray Dalio new Bitcoin praise echoes MicroStrategy Read More »
