First Mover Asia: Why Japan, China and Other Regional Powers Are Still Putting Their Faith in T-Bills, Gold; Cryptos Climb Higher

A number of crypto observers have viewed Bitcoin as ushering in a new era of financial sovereignty amid growing uncertainty about long-term U.S. economic dominance globally, but many countries are still investing in gold and U.S. T-bills.

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“War Proof” Bitcoin Still Faces Immense Competition From Gold

Putin’s decision to invade Ukraine sent shockwaves around the world. Investors eye Bitcoin to hedge their wealth in the face of conflict but despite its glowing qualities, it might play second fiddle to gold.

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Bitcoin’s ‘digital gold’ tag and why it may be falling apart

Recent declines in Bitcoin price has several analysts questioning whether the flagship cryptocurrency’s “digital gold” tag still holds. Is it still a better store of value? Safe haven? Some analysts say Bitcoin’s case for “digital gold” is falling apart.

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Adventure Gold (AGLD) price up 79%: here is where to buy it

Adventure Gold (AGLD) coin has gained over 79% in the past 24 hours and still climbing due to an increased trading volume. The total volume has increased by 1944. 31% over the last 24 hours; something that has caused lots of attention to the coin making it one of the most trending coins on Binance today.

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Crypto Drivers Still looking “Incredibly Optimistic,” Bitcoin Purchases Already Affecting “National Accounts”

The US Fed Governor calls Bitcoin “electronic gold,” says crypto is another asset “you can choose to hold. You can choose gold or bitcoin.” The post Crypto Drivers Still looking “Incredibly Optimistic,” Bitcoin Purchases Already Affecting “National Accounts” first appeared on BitcoinExchangeGuide.

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‘Bitcoin Is Not A Digital Currency, People Do Not Use It’, Bank Of Canada Governor Reckons

Bank of Canada’s governor, Tiff Macklem, says Bitcoin is not a currency. Mike Novogratz agrees, but asserts that Bitcoin is “digital gold. ” Canada still considers Bitcoin to be a commodity for tax purposes and is very open to making regulations for the crypto-industry.

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Bridgewater's Ray Dalio Chooses Gold Over Bitcoin

Some of Wall Street's most influential executives still prefer the dollar over Bitcoin, while Ray Dalio chooses gold

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Mining Company Offers First-Ever “Mine-to-Token” Cryptocurrency to Investors Looking for Exposure to Gold

Cryptocurrencies are highly volatile assets. Even Bitcoin, the most valuable cryptocurrency in the world by market capitalization, is still subject to 20% to 30% swings in price on any given day. This despite the fact it is the pioneering crypto project responsible for birthing the entire blockchain technology industry beginning with the publishing of the original Bitcoin whitepaper by Satoshi Nakamoto way back in 2008.

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Bitcoin Is Behaving Like A Risk Asset But Here’s Why It’s Still a ‘Buy the Dip’ Opportunity

Late on Tuesday, the cryptocurrency market continued to fall as low as early August levels in tandem with the global riskier assets. Unlike gold which recorded positive returns, though it was only 0.

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Bitcoin May Still Hit $100,000 in 2021 as Funds Keep Leaving Gold for BTC: Bloomberg’s Mike McGlone

Bloomberg's chief commodity expert explains why Bitcoin may still reach $100,000 this year, despite the correction and what he has been underestimating about BTC

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Hedge fund billionaire Ray Dalio: “I have more crypto than Gold”

The investor also said Bitcoin is a good diversification asset, though regulators could still… The post Hedge fund billionaire Ray Dalio: “I have more crypto than Gold” appeared first on Coin Journal.

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Ray Dalio Doesn’t Understand Bitcoin

Ray Dalio owns some Bitcoin, but in an interview with CNBC on Wednesday he demonstrated that he still doesn’t understand it or believe it to be a superior store of value to gold.

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Bill Miller’s Multibillion-Dollar Hedge Fund Chooses Bitcoin Over Gold As Upside Potential For BTC Looks More Attractive

Bitcoin as a fitting substitute for gold has been a point that many investors within and outside the crypto market have been upholding for a long period of time. Miller Opportunity Trust Fund reckons Bitcoin still has an edge over gold Very recently, Miller Opportunity Trust which is a value fund headed by Billionaire Bill […]

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Gold, not Bitcoin, is still these billionaire execs' favorite hopium!

The opponents of Bitcoin far outweigh its proponents in traditional finance. The reaction of many industry leaders to the news of El Salvador adopting the cryptocurrency as legal tender has only confiThe post Gold, not Bitcoin, is still these billionaire execs' favorite hopium! appeared first on AMBCrypto.

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Bitcoin and Gold Correlation Turns Negative, Approaching 3-Year Lows with Tapering Looming Ahead

Bitcoin is keeping above $45k after surging past $46,800 on Wednesday, still up more than 57% YTD.  The digital asset hasn't seen these levels since mid-May, which further gives strength to the 200-day moving average as a potential support level.

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Ray Dalio Still Prefers Gold Over Bitcoin: Here’s Why He’s Wrong

Ray Dalio, co-chief investment officer of Bridgewater Associates, one of the world’s largest hedge funds, owns some Bitcoin, but in an interview with CNBC today he demonstrated that he doesn’t understand or believe in it as a superior store of value to gold.

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‘It’s fine’ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin

What seems to be a full reversal on a previously hostile Bitcoin stance is tempered by Mnuchin, who added that he still wouldn’t buy BTC himself.

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Bitcoin Address Metrics Are Looking Terrible; Regulated vs Unregulated Spread Tightening

Bitcoin’s mere 13% YTD gain is still beating gold’s -4.70% performance; however, S&P 500 is now leading benign up 16.32% so far this year. The post Bitcoin Address Metrics Are Looking Terrible; Regulated vs Unregulated Spread Tightening first appeared on BitcoinExchangeGuide.

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Bitcoin is a miracle and better than gold, says Apple co-founder Wozniak

Apple co-founder Steve Wozniak declared “Bitcoin is the only digital gold” years ago, but he claims that he still hasn’t invested in BTC.

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11% Of Reserve Managers From 30 Leading Central Banks Consider Bitcoin As An Alternative To Gold

Although the number of central bank reserve managers who prefer cryptocurrency investments is still quite low, the number is slowly progressing, and 11% of respondents in a recent UBS survey now say they would consider cryptocurrencies like bitcoin as an alternative to gold.

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Litecoin Foundation’s Project Director Makes The Case For LTC’s Network Effect

Old faithful Litecoin turns 10 years old on October 7th. After a decade of activity, it’s still going strong. A faster and lighter Bitcoin fork, LTC’s objective has always been to be the silver to BTC’s gold.

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Bitcoin Bounces as Gold Continues its June Downtrend of Nearly 8%

For bitcoin and crypto, regulation is the “single biggest driver of the bull market,” with fundamentals remaining “very strong” and retail investors still interested. The post Bitcoin Bounces as Gold Continues its June Downtrend of Nearly 8% first appeared on BitcoinExchangeGuide.

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Dips ‘Not Yet Eroding’ Bitcoin’s Long-Term Potential for Wealthy Investors Allocating 1%-3%

Members of Tiger 21, a network of over 900 wealthy investors, are putting in more money in cryptocurrency markets though still at low levels. Members are investing more directly in blockchain and cryptocurrencies, giving them the same 1% to 3% allocation in portfolios like gold which has been seen as an instability hedge.

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Bitcoin’s Weekend Weakness: Yields Crash and Go Negative, OI Is Still Halved From Peak

While gold is getting crushed down 8.14% this month while the US dollar has soared to 92.4, aiming for a 2021 high of 93.43. The post Bitcoin’s Weekend Weakness: Yields Crash and Go Negative, OI Is Still Halved From Peak first appeared on BitcoinExchangeGuide.

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Are Institutions Already Over The Bitcoin Digital Gold Narrative?

Bitcoin trades at $36,786 and records profits in the 7-day chart, after two consecutive weeks of losses. In the 30-day chart, BTC still has a 32. 3% loss. The price action painfully moves higher in the current range, but without conviction from the bulls.

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Skybridge Capital Says Bitcoin Still Has More Upside Than Gold

The chief investment officer of global investment firm Skybridge Capital says bitcoin still has more upside than gold. While expecting both gold and bitcoin to rally, he said his hedge fund is sticking to bitcoin.

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Tech Stocks Dragging Bitcoin, Ether, & Crypto’s Down, But ‘Fundamentals Still Strong’

This has been just a technical correction, but while BTC continues to range, gold prices are finally showing strength, surging to $1,840 per ounce with the US dollar index on a downtrend since late March.

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Eminem Releases Beat-Inspired NFTs In Partnership With Gemini’s Nifty Gateway

It appears that the NFT gold rush is still in play as Hip Hop legend, Marshall Mathers, popularly known as Eminem has jumped on the NFT bus. On Sunday, April 25, Eminem announced a partnership with NFT marketplace, Nifty Gateway for ShadyCon.

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"Rich Dad Poor Dad" Author Predicts That Bitcoin Could Hit $1.2 Million

“Rich Dad Poor Dad” author Robert Kiyosaki expects Bitcoin to hit $1.2 million, but he still likes gold more

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Bitcoin is much closer to gold than to dollar, says Jerome Powell

While Bitcoin and other cryptocurrencies are “not backed by anything,” they are still capable of serving as a “substitute for gold,” Jerome Powell, chairman of the United States Federal Reserve, stated today.

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Rising Treasury Yields are a Danger to Bitcoin & They Are Soaring Right Now

The ongoing yield debacle is not good for risky assets and gold, and the leading digital currency is still struggling to recover from the losses. The post Rising Treasury Yields are a Danger to Bitcoin & They Are Soaring Right Now first appeared on BitcoinExchangeGuide.

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Bitcoin Dips on Almost Reaching $50,000

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Former Canadian Prime Minister Mentions Bitcoin Alongside Gold as Alternative Reserve Currencies

Former Canadian prime minister Stephen Harper has mentioned bitcoin alongside gold as assets that can possibly act as alternative reserve currencies. However, the former premier still argues that despite the growing questions about the dollar’s reserve status, he does not see any real prospect of that changing anytime soon.

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Peter Schiff Explains Why Bitcoin May Continue to Rise

Prominent Bitcoin hater Peter Schiff has offered an explanation why BTC may continue to rise; he still believes gold is superior to BTC, though

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Gold Is Trashed As USD Regains Strength; Will Bitcoin Hold Onto its Gains?

The traditional safe-haven asset has lost 5. 6% of its value in three straight days of losses. The digital gold is still strong above $41k but the market needs to pay attention to the macro environment to see if USD gains take its toll.

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Economist David Rosenberg Pleads Ignorance on Bitcoin After Predicting Massive Bubble

Economist David Rosenberg has pleaded “ignorance on bitcoin” after saying that the cryptocurrency was in a massive bubble. He admitted that bitcoin has exceeded his expectation but he still prefers gold because he understands it a lot better than bitcoin.

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Bitcoin Surged Almost 4X in 2020, Peter Schiff Admits, But He Remains Sceptical About BTC

Bitcoin critic Peter Schiff has admitted a major BTC rise in 2020, however, he still slams BTC, claiming that a major rise does not make it a store of value, unlike gold

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$6B Worth of New Gold Reserve Found in Turkey; “Bitcoin Fixes This with Absolute Scarcity”

Meanwhile, Bitcoin still has a fixed cap of 21 million — pristine scarcity. The post B Worth of New Gold Reserve Found in Turkey; “Bitcoin Fixes This with Absolute Scarcity” first appeared on BitcoinExchangeGuide.

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Economist Calls Bitcoin “Massive Bubble” After Price Hits Record High

Bitcoin’s potential as an emerging safe-haven alternative to gold raised its demand among institutional players in 2020. But a prominent economist is still skeptical about the cryptocurrency’s growth.

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Peter Schiff Blames Government for the Massive Dollar Depreciation — Still Refuses to Accept BTC is Digital Gold

Gold bug and bitcoin opponent Peter Schiff says the U.S. government’s actions in the past 78 years are partly responsible for the massive depreciation of the U.S. dollar. Using a medical bill from 1942 to illustrate the extent of the dollar’s decline, Schiff says the $70 paid to foot hospital expenses that year was equal […] The post Peter Schiff Blames Government for the Massive Dollar Depreciation — Still Refuses to Accept BTC is Digital Gold appeared first on Bitcoin News.

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Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios

The founder of the world's largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold.

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Gold and Bitcoin eye inflation-adjusted all-time highs... but it's taken gold 40 years

Taking U.S. dollar devaluation into account, gold has still not reached the all-time price high it set in 1980.

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Bitcoin, stocks drop as markets uncertain about US election result

The price of Bitcoin suddenly fell by 3% within hours alongside the U.S. dollar, gold and stocks as the outcome of the U.S. election is still up in the air.

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Gold Bull Peter Schiff Calls Bitcoin the “Biggest” Bubble He’s Ever Seen

Bitcoin has undergone a strong rally since the cryptocurrency almost plunged to $0 in March. Even still, Peter Schiff has maintained that Bitcoin remains a bubble. Bitcoin Could Be the Biggest Bubble Ever, Schiff Argues Bitcoin has undergone a strong rally since the cryptocurrency almost plunged to $0 in March.

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Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States

Bitcoin and gold holder Dan Tapiero, says it is still early to talk of widespread crypto adoption as the proportion of users relative to the rest of the population remains low. Tapiero makes the remarks while referring to a study, which places Nigeria at top of the list of countries with the highest number of […] The post Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States appeared first on Bitcoin News.

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Peter Schiff: 'I was wrong about Bitcoin'

The gold bug still thinks Bitcoin’s drop to $10K indicates a bear market.

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???????Peter Schiff: I Was Wrong on Bitcoin?But It's Still Bear Market

The avid gold investor Peter Schiff believes Bitcoin mostly rose to $12,000 due to Grayscale?s advertisements, and that bear market has started.

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Bitcoin in ‘Resting Bull Market’ But a Deeper Pullback Is Still Coming for the King Crypto

Yesterday, the crypto market experienced a sizable pullback. Just like Bitcoin, gold was dropped, which has been because of the stronger buck. After failing to break above the $12,000 level, bitcoin has started to lose momentum.

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Why The Upcoming US Election is Bitcoin’s Biggest Risk

Bitcoin broke up through $12,000 but is now crashing. Gold set a new all-time high but has since pulled back. The S&P 500 keeps on setting high after high. Still, all of these assets have one thing in common: they’re all at risk for a sizable correction, primarily due to the dark cloud hanging over the coming United States 2020 Presidential election.

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