BTC could drop to $30K in 2 weeks, trader warns as gold goes for $2K high

BTC could drop to $30K in 2 weeks, trader warns as gold goes for $2K high
фото показано с : cointelegraph.com

2022-4-19 16:57

The precious metal is stealing the limelight as Bitcoin languishes under $40,000 after the Easter weekend.

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precious metal weekend stealing limelight under languishes

precious metal → Результатов: 126


Bank of Mexico Governor says #Bitcoin More like Precious Metal than Legal Tender, But Sweden’s Sees Eventual “Collapse”

Meanwhile, to billionaire investor Leon Cooperman, Bitcoin doesn’t make “a great deal of sense” because he’s old, not to mention he’s a “paper guy.” The post Bank of Mexico Governor says #Bitcoin More like Precious Metal than Legal Tender, But Sweden’s Sees Eventual “Collapse” first appeared on BitcoinExchangeGuide.

2021-9-10 17:57


Фото:

Peter Schiff Reveals How He Would Have Spent Mesmerizing Bitcoin Returns Had He Invested In BTC Earlier

Since gold advocate Peter Schiff heard of bitcoin, the asset’s price has risen parabolically, outperforming his favorite precious metal as well as major stock indices like the S&P 500. Peter Schiff’s Dismissal Of Bitcoin Cost Him A Jet In a tweet on August 6, Schiff told his 543,000 followers that he had traveled with his […]

2021-8-9 23:18


Bitcoin is An Alternative to Copper As A ‘Risk-On’ Inflation Hedge Instead of ‘Risk-Off’ Gold: Goldman Sachs Analyst

Instead of gold, cryptocurrencies are an alternative to copper as a hedge against inflation, said Jeff Currie, global head of commodities research at Goldman Sachs. Bitcoin has been deemed as a hedge against the rising prices, giving competition to the traditional safe-haven asset precious metal.

2021-6-3 19:51


Фото:

BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’

The popular safe-haven asset gold recently posted the lowest settlement in three weeks, as a firm dollar and bond market yields have weakened support for the precious metal. The financial goliath BNY Mellon also published a report about the differences between gold and bitcoin and the study said that the crypto asset “fits the description […]

2021-4-1 03:30


Фото:

Blackrock Executive Says Gold Now Less Effective Hedge Against Inflation

A portfolio manager and member of Blackrock’s Global Allocation Fund says gold is now a less effective hedge against inflation as well as moves in other assets such as stocks. In comments that appear to undercut the precious metal’s renowned status, Russ Koesterich claims that “gold’s ability to hedge against inflation has been somewhat exaggerated.” […]

2021-3-13 13:30


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The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, […]

2021-3-13 06:00


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.

2021-3-9 19:44


Mark Cuban Slams Peter Schiff: Gold is Dead, Bitcoin and Ethereum Are Today

Mark Cuban hasn’t always been the biggest fan of Bitcoin, Ethereum, and other cryptocurrencies, but he’s recently come around as other Shark Tank investors have. Surprisingly, though, Cuban has come to the defense of the emerging technology, telling gold bug and vehement digital asset naysayer Peter Schiff that his precious metal is now dying as […]

2021-3-5 04:00


Reddit’s WallStreetBets Traders Did Not Pump Silver and XRP, So Who Did?

As the market opened on Feb. 1, 2021, precious metal futures jumped 10%, almost breaching $30 per ounce. So who is behind silver’s sudden and meteoric price rise? Will other stocks, commodities, or even cryptocurrencies see similar price booms? Multiple news outlets, including Bloomberg, have associated silver’s meteoric rise with so-called anti-establishment redditors.

2021-2-4 19:40


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Chris Wood of Jefferies Investment Firm Cuts Exposure to Gold for Bitcoin

Investment firm Jefferies trims exposure to gold for the first time in years in favour of bitcoin (BTC). Christopher Wood Cuts Exposure to the Yellow Metal According to a report by Business Standard, Chris Wood, global head of equity strategy at investment company Jefferies is poised to reduce exposure to the time-tested precious yellow metalRead More

2020-12-21 16:00


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.

2020-11-5 18:32