Ever heard that saying, “all that shimmers is not gold?” Well, if that sparkle is a reflection of the value rather than a tangible glow, the shine may be from Bitcoin and not gold. Peter Schiff, the poster-boy for the ‘invest in gold’ bandwagon and now at the epicenter of the infamous gold versus Bitcoin […]
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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%.
Bitcoin's rising appeal over gold could shift investment strategies, potentially increasing its market influence and adoption in financial portfolios.
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Following a significant rally, the valuation of gold has begun to decline. Meanwhile, Bitcoin (BTC) appears to be experiencing a slight capital rotation towards it, as evidenced by Tuesday’s price performance, which led to a recovery of the $112,000 mark.
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…
Key Takeaways
Is Bitcoin showing signs of a bottom after the recent crash?
Yes, the Taker Buy Ratio has dropped to multi-year lows, and extreme fear often is a sign of a market bottom.
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Key Takeaways
Is Peter Schiff right about gold dominating Bitcoin?
Partly. Gold has outperformed Bitcoin by roughly 25-27% since August, but BTC is still up 17% year-to-date.
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Bitcoin is trusted by governments and financial institutions. Reputable investors call it “digital gold,” and some even claim it’s better than gold. Notwithstanding all these, Bitcoin is still facing various security threats. Lately, a lot has been said about the…
This week, Latin America saw some of the most significant events in the global cryptocurrency environment. El Salvador increased its gold reserves with a historic $50 million purchase, while retaining its ambitious Bitcoin policy, strengthening its hybrid approach to stability and innovation.
Bitcoin was de-correlating from Gold, as it attracted more liquidity into the market.
The available Bitcoin in the market has continued to drop, and whale activity has also declined.
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Bitcoin decoupled from U.S stocks and followed gold’s ‘safe haven’ rally
The Trump-Fed feud may be partly responsible for investors' flight from U.S dollar assets
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Bitcoin gained 12% in two weeks to April 22, showing resilience amid US-China tariffs. Observers note Bitcoin decoupling from stocks, behaving more like gold (safe haven). US plans for a Strategic Bitcoin Reserve potentially bolster its asset status (Nansen CEO).
Peter Schiff criticized Trump’s Bitcoin Reserve idea and pushed gold as a safer alternative
Bitcoin's price action has been inconsistent lately, on the back of U.S. recession concerns
As BThe post Peter Schiff slams Trump’s Bitcoin Reserve - 'Gold would have been a better bet!' appeared first on AMBCrypto.
Most people have heard about Bitcoin these days, and even those who still don’t understand how it works might be aware that it’s widely considered to be a kind of “digital gold”. That’s because Bitcoin shares several characteristics with real gold, such as its scarcity, its perceived value and its usefulness as a hedge against […]
South Korea’s largest crypto exchange, Upbit, plans to stop trading support for Bitcoin Gold starting from Jan. 23, 2025. Users can still withdraw BTG 30 days after the date of delisting. According to notice published on Dec. 24, Bitcoin Gold…
At Bitcoin MENA 2024, Binance CEO Changpeng Zhao said Bitcoin could surpass gold’s market capitalization. Speaking in an interview during the event, Zhao said gold’s supply is hard to determine, while Bitcoin’s fixed code, transferability, and transactional capability offer key advantages.
Federal Reserve Chair Jerome Powell took aim at Bitcoin on Monday, dismissing it as an unsuitable currency while likening it to "virtual gold," which is being seen as an endorsement of Bitcoin.
Bitcoin’s correlation with gold prices has fallen to its lowest level in nearly a year following Donald Trump’s recent election victory on Nov. 5. According to K33 Research, the 30-day correlation between Bitcoin and gold stands at -0.
Geopolitical risk fueled by conflict in the Middle East and the upcoming U.S. election are likely to reinforce the debasement trade, to the benefit of both bitcoin and gold, the report said.
Geopolitical tensions and economic uncertainty may enhance gold's safe-haven status, while Bitcoin's role remains debated amid volatility.
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Peter Schiff criticized Bitcoin investors for ignoring its declining value against gold.
Bitcoin's year-to-date performance surpassed gold, rising 47% compared to gold's 29% gain.
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Крупнейшая криптовалютная биржа мира Binance заявила, что клиенты смогут вывести криптовалюты Monero, Multichain, Bitcoin Gold и некоторые другие исключенные из листинга активы до 1 сентября 2024 года включительно.
Quick Take A report compiled by wealth management firm Incrementum, shared by Tuur Demeester, a researcher at Adamant Research sheds light on the growing institutional interest in Bitcoin. The research, titled “The New Gold Playbook,” highlights the increasing resemblance of Bitcoin to gold, supported by various charts.
Renowned Bitcoin analyst Willy Woo believes that Bitcoin's market capitalization will surpass gold as excitement around spot Bitcoin Exchange Traded Funds (ETFs) subsides and capital inflows soar.
For the first time, the new supply of bitcoin entering the market is set to surpass gold after the 2024 Bitcoin halving. The sixth installment of “10 Steps to Self-Sovereignty” powered by Ledger.
Quick Take Bitcoin, frequently dubbed “digital gold” and traditional gold, showcased impressive performance throughout Q1 2024. Bitcoin has surged over 60%, trading above $70,000 and nearing its all-time high of approximately $73,500.
Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency.
In a striking turn of financial events, gold and Bitcoin (BTC) have both soared to record-breaking highs, signaling a shift in investor sentiment that appears to diverge from traditional expectations related to monetary policy and interest rate cuts.
Changpeng Zhao criticizes Peter Schiff’s plan to release a tokenized gold product, arguing that tokenized gold is not the same as on-chain gold. In a recent post on Oct. 23, Changpeng Zhao reminded the community that tokenized gold is not…
Gold evangelist Peter Schiff is seeing red over Bitcoin — and he’s blaming President Donald Trump for wrapping a “decentralized Ponzi scheme” in the American flag.
Gold advocate Peter Schiff has dismissed Bitcoin's 21 million supply cap as an arbitrary construct, arguing that the cryptocurrency's perceived scarcity is an illusion.
Democratic lawmakers have proposed legislation that seeks to block U.S. public officials, including the President, from profiting off digital assets during and after their time in office. Dubbed the Curbing Officials’ Income and Nondisclosure, or COIN, Act, the legislation came…
Longtime Bitcoin critic and goldbug Peter Schiff is back with another jab at the world’s largest cryptocurrency, and this time, he’s pitching the other precious metal as a superior alternative. According to Schiff in a June 20 X post, silver…
Most people on crypto X are familiar with the “Never sell your Bitcoin” maxim. However, on May 13, one of the prominent Bitcoin influencers, trader and investor Willy Woo, admitted he is selling his holdings to invest in Bitcoin infrastructure…
A renowned economist disagrees with Bitcoin supporters who claim that cryptocurrency could someday solve the national debt of the United States. Related Reading: Energy Crisis In Iran — Is Bitcoin Mining To Blame? Economist Peter Schiff expressed his skepticism on the bold declaration of what he called “Bitcoin pumpers” that 1 million BTC can settle […]