2019-7-6 10:28 |
Gold bug feels the warmth of bitcoiners after $1,500 in donations
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Patrick Gruhn, the former head of FTX Europe, has paid nearly $1.5 million for a gold pocket watch recovered from the body of the Titanic’s richest passenger, The Wall Street Journal has reported.
The age-old debate over how best to store wealth reignites as Bitcoin and gold lock horns. Peter Brandt, a veteran financial trader, throws his weight behind Bitcoin, claiming it will dethrone gold as the long-term champion.
Nilam Resources, a South American gold mining company, has announced its plans to acquire 24,800 Bitcoins, valued at approximately $1.7 billion, through a press release dated March 26. The acquisition involves the issuance of a new Preferred Class of Series…
In a year dominated by Bitcoin ETF mania and equity market bullishness so far, the gold price has remained something of an enigma. Invezz spoke to David Morrison, senior market analyst at financial services provider Trade Nation, with all the pressing questions about gold right now.
Bitcoin rose to a record high on Monday, fuelled by continued positive momentum of spot bitcoin ETFs.
The bitcoin spot ETF market could grow to around $62 billion in the next two to three years, the report said.
For as long as there have been markets, gold has been considered a haven in times of hardship. But that may now be changing, with the mass exodus we have seen in recent months of investors flocking away from – not towards – gold ETFs.