Scenarios for Gold

Gold's path forward could hinge on whether inflation sticks around or moves out, and how the Fed responds.

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$100,000 Bitcoin Believer Mike McGlone Bets on Bitcoin and Ethereum in the Future

Bloomberg's Mike McGlone, who specializes in commodities, believes Bitcoin and Ethereum are building the future, pushing out gold

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“BTC Will Hit Ground Zero” Peter Schiff Blasts As Bitcoin Tanks

Popular crypto-critic, Peter Schiff, has talked tough against Bitcoin following its nascent decline below the $30,000 belt. In what looked like a Twitter thread of vituperations mocking Bitcoin’s woes, Schiff rolled out a chronicle of comparative analysis between Bitcoin’s performance as an investment choice and that of his beloved gold. That gold has drifted only […]

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Gold is good but Bitcoin is better; Hedge Fund portfolio manager says

Troy Gayeski, the co-CIO and Senior Portfolio Manager at SkyBridge Capital, has come out to share the hedge fund’s bullish outlook on Bitcoin (BTC). In an interview last week, Gayeski advised that while gold will soar to new heights in the coming year, investors that seek alternatives, especially now that global debts keep on increasing, […] The post Gold is good but Bitcoin is better; Hedge Fund portfolio manager says appeared first on Invezz.

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Peter Schiff Gloats Over Bitcoin Sharp Decline, Praises Recent Gold Rise

Vocal Bitcoin critic Peter Schiff mocks the Bitcoin collapse and points out that gold has been on the rise recently

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Gold Bug vs. Bitcoin Bug: A Look at the Curious Relationship Between Peter and Spencer Schiff

For years now the well known economist and gold bug Peter Schiff has continuously spoken out against bitcoin, as he claims precious metals are far superior. A great number of people have rebutted Schiff’s statements about bitcoin but during the last year, the gold bug has had a different thorn on his side. In recent […]

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Shark Tank’s Kevin O’Leary Says ‘Bitcoin Will Always Be the Gold,’ Citing Interest From ‘All Kinds of Institutions’

Shark Tank star Kevin O’Leary, also known as Mr. Wonderful, says “Bitcoin will always be the gold,” outperforming other cryptocurrencies, such as ethereum, in the long run. He said “there are interests being brought out of all kinds of institutions” for bitcoin.

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Louisiana State House Heaps Praise on Bitcoin, Dubs BTC an Alternative to Gold

Louisiana governing body gives a major shout out to bitcoin (BTC). Louisiana Heaps Praise for Satoshi Nakamoto In what comes as a government nod of approval, the governing body of the state of Louisiana, U.

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Peter Schiff Says He Was Wrong About Bitcoin

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Crypto Billionaires: The Richest People in the Cryptocurrency Game

Now, a new class of billionaires has been born out of the digital age gold rush. The richest in crypto are proving that their early investment and commitment to this new financial frontier was worth it.

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Bitcoin Is Replacing Gold At An “Accelerating Pace”

The narrative taking place across the finance industry, is that cryptocurrencies like Bitcoin and Ethereum are the way of the future and gold’s days are numbered as a store of value. While the “digital gold narrative” has already taken a major dent out of the precious metal’s momentum, according to a top Bloomberg Intelligence analyst, “most indicators point to” Bitcoin replacing the aging asset an an “accelerating pace.

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Bitcoin Is Accelerating in Replacing Gold as Store of Value: Bloomberg's Mike McGlone

Chief commodity strategist at Bloomberg Intelligence says that Bitcoin is pushing out gold as a store of value at a rising pace

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Digital Gold (BTC) Draining Demand From Physical Gold, Citigroup Analyst

BTC May Be Siphoning Demand From Physical Gold Doshi points out that investor outflows from gold and inflows toward crypto may pose the biggest threat to the yellow metal’s prominence as the primary hedge against inflation.

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Peter Schiff Now Discusses Bitcoin More Often Than His Beloved Gold

The steadfast drags by crypto fans seem to be getting to eternal gold bull Peter Schiff. Schiff who because of his bearish Bitcoin stance is seen as one of the biggest crypto influencers out there (simply because his comments get blasted by so many crypto commentators), has now tweeted more about Bitcoin in the past […]

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Die-hard Bitcoin critic says the possibility of price crashing to $0 hasn’t been ruled out

Popular gold proponent, Peter Schiff who is also a staunch Bitcoin critic took to Twitter by storm on Tuesday when he made a bullish analysis about the benchmark cryptocurrency Bitcoin that simultaneously coincided with most BTC price prognostications.

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Gold’s devaluation will foster the $50,000 Bitcoin rally: Bloomberg’s Mike McGlone

An enormous inflow from gold to Bitcoin has been cited in the market. Bloomberg’s Mike McGlone, the Senior Commodity Strategist bared this out in a newly published analysis. In it, he says Bitcoin is in its “price discovery stage.

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Bank of Singapore’s Chief Economist Says Cryptocurrencies Could Edge Out Gold

But certain risks, such as trust, volatility, and regulatory clarity, need to be addressed first. The post Bank of Singapore’s Chief Economist Says Cryptocurrencies Could Edge Out Gold first appeared on BitcoinExchangeGuide.

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JPMorgan Expects Bitcoin to Reach $146K After Crowding Out Gold

JPMorgan's new Bitcoin target is huge, but hodlers have to hold their horses this year

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JPMorgan: Bitcoin is 'overbought' but will suck money out of gold

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.

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Litecoin Awakens, Following Its Big Brother Bit

Silver to Gold While Bitcoin (BTC) gets all the big congratulations and handshakes, Litecoin (LTC) has been slowly growing behind the scenes. Originally intended to test out new features that might make the Bitcoin network unstable, Litecoin has been a major also-ran in the world of crypto.

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No Evidence That Bitcoin Is Cannibalizing Gold, Major Bank Says

Major global banking consortium says that it sees no signs of Bitcoin's exponential growth pushing gold out of the market

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Chinese State Media: BTC Bull Market Can Cause Long-Term Downward Pressure on Gold

In 2020, China has repeatedly been pointing out the bull run the largest digital asset is enjoying, and yet again, before the year is over, it went at it again, but this time, it took one step further.

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Crypto funds see near-record inflows as capital floods out of gold

Crypto funds have posted near-record inflows during recent weeks as the gold investment products shed liquidity.

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Self-Proclaimed Contrarian Investor Bashes Bitcoin Digital Gold Narrative

Bitcoin has become extremely popular in 2020, on the back of the store of value, safe haven asset, and digital gold narratives. The digital gold story has taken center stage recently, as the precious metal’s bullish momentum fizzled out and the cryptocurrency market took off.

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Bitcoin Institutional Adoption Is Flashing Green; Money Is Flowing from Gold into BTC

As Bitcoin continues to rally hard to its new all-time highs, more and more people and institutions have come out in support of the largest cryptocurrency. “Bitcoin’s moment has arrived,” said Guy Hirsch of eToro US, according to whom institutional involvement is one of the reasons for the recent advance.

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Bitcoin may pay out more than gold, says billionaire investor

“If the gold bet works, the Bitcoin bet will probably work better.”

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JPMorgan’s Analysis Shows Institutional Investors Moving From Gold ETFs to Bitcoin

JPMorgan has highlighted evidence of institutional demand for bitcoin and investors moving from gold exchange-traded funds (ETFs) to the cryptocurrency. The firm points out that bitcoin demand is driven not only by younger retail investors but also by institutional investors, such as family offices and asset managers.

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UGPAY Group AG – Bringing Cutting Edge Assets Into The Hands Of Investors

A rapidly evolving global financial ecosystem opens up investment opportunities in innovative industries and assets that represent new frontiers in many traditional investors minds.   Precious metal investment, previously only carried out with physical bullion – can now be conducted through complex financial instruments like gold futures and gold ETFs.

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World Gold Council Survey Shows Cryptocurrency Investment the 5th Most Popular in Russia

According to a recent research survey, cryptocurrency investment is a touch more popular than gold in Russia. An organization called the World Gold Council surveyed 2,023 investors and cryptocurrency turned out to be the fifth-largest investment next to gold.

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Bitcoin Expects to Hit Yearly Highs on UBS’s Bullish Gold Call; Here’s Why

Bitcoin is looking to resume its uptrend towards $12,500 based on its proximity with traditional rival gold. The analogy pops out of an erratic positive correlation between the two assets that have caused them to trade in tandem since March 2020.

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Decoupling? Bitcoin vs. gold ratio snaps out of 3-year bear market

A long-term downtrend flips to form bullish support as Willy Woo says Bitcoin’s days of tracking traditional markets are numbered.

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Bitcoin is Eerily Copying Gold Trends; Analyst Fears Breakdown

Bitcoin is laggingly tailing the gold chart trends, and it may face trouble for its delayed correlation. That is due to the precious metal’s latest breakdown move, wherein the price broke out of a Symmetrical Triangle pattern to the downside.

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Bloomberg Analyst Thinks Bitcoin Will “Come Out Ahead” Despite 20% Drop

Both Bitcoin and gold have corrected from their recent highs as the U. S. dollar has bounced. The two assets are tracking each other once again as they become proxies for exposure to downside in the U.

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Another Red Day Across Markets: Hot Money Flows Out of DeFi & OI Sinks

After opening the day higher, bitcoin, gold, S&P 500, and Nasdaq are dropping further. Meanwhile, the US dollar is 1. 3% in the past four days. Crypto markets are looking weak after losing a great deal of value Thursday, but of course, not as much as some of the tech stocks did.

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Warren Buffett to Get Out of USD and Turn to BTC, Max Keiser Says

Coinspeaker Warren Buffett to Get Out of USD and Turn to BTC, Max Keiser SaysWarren Buffett has changed his mind about gold as an investment, prompting some people to think that he might do the same with BTC.

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Check Out Bitcoin And Gold’s “Uncanny” Correlation During Powell Speech

Yesterday, Federal Reserve Chairman Jerome Powell held a speech to talk about inflation and the impact on the economy. During Powell’s speech, the two top hedges against inflation pumped, then almost immediately dumped, faking out investors prepared to act on the bullish breaking news.

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Bitcoin price to $500,000: Winklevoss lays out ultimate bullish case

Tyler Winklevoss believes Bitcoin price is headed to $500,000 in the long term if it overtakes gold.

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This Tool Has Called Nearly Every Bitcoin Top, And It Just Triggered Again

Things have been looking up for Bitcoin. The cryptocurrency is currently the best-performing mainstream asset of 2020 so far, beating out the record-breaking gold rally, the stock market recovery, and anything else.

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Rich Dad, Poor Dad Author Says ‘Major Banking Crisis Coming,’ Praises Bitcoin and Gold

Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” explained this week that time is running out as a “major banking crisis is coming fast. ” The best selling author says now is “not a time to think about it” and said people should start considering leveraging precious metals and bitcoin.

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Tons Of Great Litecoin News Prove The Silver To Bitcoin’s Gold Is Far From Being “Boring”

For Charlie Lee, Litecoin’s ‘boringness’ makes the cryptocurrency better because money is ultimately boring. However, the number of news coming out of what was once the 3rd largest cryptocurrency by market cap could mean the days of Litecoin being monotonous is now over.

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Anthony Pompliano Sees Bitcoin Beating Gold’s Market Cap By 2029

The Bitcoin market continues to generate quite a vibe within the crypto industry. Some people have even gone out of their way to make some pretty serious predictions for the Bitcoin market going deep into the future.

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Capital Flight Out of Asia Is Taking Bitcoin Express: Max Keiser

Bitcoin maximalist Max Keiser has tweeted that the current BTC rise could be due to capital flight from Asia at the moment and gold cannot be hauled around

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Hong Kong Wealthy Move Gold Offshore: Why Bitcoin Is Better

Precious metal dealers in the political and protest torn Hong Kong claim that the wealthy are moving gold offshore following a new security law passed by Beijing in July. Investors fearing that their wealth is at risk and must be stored out of arm’s reach is a sign that the wealthy are ready for the […]

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Two Macro Calls That Could Propel Bitcoin to $14,000 This Year

Bitcoin may hit $14,000 in the coming quarter. The analogy appears out of two extremely bullish calls made for the US dollar and Gold. Bitcoin has shown an extreme correlation with the two macro assets this year.

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Bitcoin an Option, as Dennis Gartman Says He’s Exiting ‘Crowded’ Gold Market

Gold bull Dennis Gartman is moving out of gold because the market has become “too crowded. ” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775.

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Here's what Bitcoin's rising correlation with gold means

The Bitcoin market has finally broken out of its consolidation phase and surged past its important resistance at $10k. As the world's largest crypto hovers just over $11k, it was also moving close to The post Here's what Bitcoin's rising correlation with gold means appeared first on AMBCrypto.

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Crypto News Roundup for July 27, 2020

With BTC breaking out, ETH exploding and gold at all-time highs, CoinDesk's Markets Daily is back with another crypto news roundup.

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As Silver Smashes 6-Year High, Peter Schiff Calls It The “New Bitcoin”

While bitcoin is yet to fully break out and is trading circa 50% below its all-time high of $20,000, silver has rocketed to a record high. Euro Pacific chief Peter Schiff who has always drawn comparisons between bitcoin and his beloved yellow metal, gold, took to Twitter today to mock the top crypto over its […]

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Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC

A number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.

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