Bitcoin has now solidified its position as the digital gold, especially for young investors. It has outperformed gold for years now and has grown way ahead of the inflation rate, …
MoreTag: Gold
Bitcoin (BTC) beats gold as the most preferred asset by fund managers
Covid resurgence has contributed to the risk-averse sentiment seen in the gold market, which is now trading just over $1,840 in an effort to bounce back from an eight-day low of …
More
US congressman suggests that cryptocurrency should be new gold standard
Congressman Madison Cawthorn has taken to Twitter to propose using cryptocurrencies as the new gold standard. The North Carolina Republican has joined other conservatives who have recently come out in support …
More
US Global Investors CEO: “Gold won’t boom like Bitcoin any time soon”
Frank Holmes, CEO of investment management firm US Global Investors, has said Bitcoin’s decentralized nature is the main reason why the cryptocurrency has beat gold in terms of attracting investors, …
More
Billionaire Cooperman: “If you don’t understand Bitcoin, you are old”
While still maintaining that bitcoin doesn’t make much sense, the US billionaire Leon (Lee) Cooperman recently indicated that those who fail to understand the cryptocurrency might just be too old. …
More
Billionaire investor John Paulson calls cryptocurrency “worthless bubble,” backs gold
John Paulson, the billionaire who famously shorted the U.S. subprime mortgage bubble in 2008, has called crypto a bubble that will “eventually prove to be worthless” in an interview with Bloomberg …
More
Flash crash rattles gold markets as Bitcoin (BTC) remains strong
Gold prices have tanked during the Monday morning Asian trading session, compounding losses accumulated over the past week. On Monday, the price of gold quickly fell to its lowest level …
More
Mike McGlone: ‘Bitcoin, Gold and US Treasury bonds to become top performers’
Bloomberg’s chief expert on commodities, Mike McGlone, has shared his take that in the second half of 2012, Bitcoin and two other major assets are likely to become top performers …
More
Bitcoin in uptrend but BTC may never beat gold’s $10T market ca
Bitcoin (BTC) is on a “lower left to upper right trend” and its volatility should not scare investors, the former head of the New York Stock Exchange says. In an interview with …
More
“Rich Dad” R. Kiyosaki says Bitcoin will surpass $1 million in 5 years, but he still prefers gold
American businessman and author of the personal finance book “Rich Dad Poor Dad,” Robert Kiyosaki, has projected that bitcoin’s value will hit about $1.2 million in the next five years. Speaking to …
More