2019-8-28 12:06 |
Bitcoiners one-up gold bugs after huge forgery revelations
origin »
|
Gold is beating Bitcoin by a wide margin, and the explanation lies not just in price charts but in who’s doing the buying. Since January 2024, gold has surged 58% while Bitcoin has fallen roughly 12%.
The value of tokenized gold has exploded over the past few months, driven by both adoption and rising macroeconomic risks.
Former Binance CEO Changpeng Zhao has made a soft jab at gold advocate Peter Schiff about the verifiability of the asset. The post ‘Gold is Difficult to Verify’: CZ Pokes Bitcoin Critic Peter Schiff appeared first on Coinspeaker.
JPMorgan says Bitcoin is undervalued by $68K and now more attractive than gold. BTC slips below $101K as job cuts, weak stocks, and ETF outflows weigh on sentiment. Fed rate cut odds rise to 69%, but uncertainty keeps Bitcoin near key $100K level.
Investors are worried about increasing government debt and debasement and are flocking to gold and crypto, says Larry Fink. Bitcoin’s credibility as a macro hedge just got a major boost. On Tuesday, October 28, BlackRock CEO Larry Fink put the…
According to NYDIG research, Bitcoin’s price moves are driven more by the strength of the US dollar and broad liquidity conditions than by direct ties to inflation. Greg Cipolaro, NYDIG’s global head of research, said the data show weak and inconsistent links between inflation measures and Bitcoin.
Gold saw its worst day in years, falling more than 5%, which fueled Bitcoin’s rally and pushed the crypto market higher. Gold is crashing, and Bitcoin is rallying, as markets see a dramatic reversal of typical safe-haven behavior. Bitcoin rose…