Category: gold

Analysis: After a 70% Increase Bitcoin Has Decoupled From Gold In Q4

Analysis: After a 70% Increase Bitcoin Has Decoupled From Gold In Q4

The last quarter of 2020 has been extremely bullish for Bitcoin, with an increase of 70%. In particular, November saw the highest monthly close after BTC broke the all-time highs on several exchanges. While the primary cryptocurrency has enjoyed the last few months, gold’s performance has contrasted significantly. The precious metal has lost over 6% […]

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Gold Sees Largest Weekly Outflow Ever, Metal Prices Spiral Lower, Analysts Expect Flows Into Bitcoin

Gold Sees Largest Weekly Outflow Ever, Metal Prices Spiral Lower, Analysts Expect Flows Into Bitcoin

Gold investors are getting anxious, as the precious metal’s prices have slid a great deal since a number of vaccine companies have revealed medicines to combat the coronavirus. The price of one ounce of fine gold is valued at $1,770 per unit after the precious metal registered the third straight weekly loss in a row. […]

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Bitcoin soars to all-time highs on several exchanges as gold, equities take a beating

Bitcoin soars to all-time highs on several exchanges as gold, equities take a beating

Bitcoin bucked sluggish activity across broader markets, hitting all-time highs on several cryptocurrency exchanges during Monday morning’s trade session. The digital currency traded as high as $19,873.23 a coin on Coinbase, while hitting all-time highs on Binance, Bitstamp, and Kraken. At last check, bitcoin was trading up about 5.8% on the day at $19,047. Meanwhile, […]

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Bitcoin Will Do 25X In The Next Decade, Winklevoss Twins Say

Bitcoin Will Do 25X In The Next Decade, Winklevoss Twins Say

Tyler and Cameron Winklevoss, the founders of the large US-based cryptocurrency exchange Gemini, foresee even more significant BTC price developments this decade. While appearing on CNBC, the twins predicted that Bitcoin will become the best-performing asset with a 25x appreciation in the next nine years. Back-to-Back Best Performing Asset Of The Decade? As CryptoPotato reported […]

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Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017’s Bull Run

Bitcoin Crushes Previous All-Time Price Highs Surpassing 2017’s Bull Run

Digital currency markets are on a tear this week, as a myriad of crypto assets have seen enormous gains during the last two days. Then finally, on November 30, 2020, the largest blockchain in terms of market cap, bitcoin (BTC) surpassed its 2017 all-time highs (ATH) after crossing the highly anticipated $19,860 zone on Monday […]

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CNBC’s Mad Money Host Jim Cramer Sees Bitcoin As a Great Alternative To Gold

CNBC’s Mad Money Host Jim Cramer Sees Bitcoin As a Great Alternative To Gold

The narrative asserting that Bitcoin operates as a hedge and is an excellent alternative to gold has also been embraced by the host of CNBC’s Mad Money. In a recent tweet, Jim Cramer also provided his Bitcoin price prediction as he sees the asset topping $20,000 by the end of 2020. Cramer On BTC And […]

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JPMorgan reports ‘modest outflows’ for gold funds as more than $1 billion poured into Grayscale in Q3

JPMorgan reports ‘modest outflows’ for gold funds as more than $1 billion poured into Grayscale in Q3

“Drop gold.” Crypto enthusiasts will remember that slogan from an ad campaign Grayscale ran last year to woo investors to its suite of crypto funds. Now, more than a year later, it appears that investors are heeding the recommendation of the crypto asset management firm.  Michael Sonnenshein, a managing director at firm, said that 2020 […]

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BlackRock CIO: Bitcoin Is Here To Stay And Replace Gold

BlackRock CIO: Bitcoin Is Here To Stay And Replace Gold

The Chief Investment Officer of the world’s largest asset manager, BlackRock, believes that Bitcoin and cryptocurrencies are here to stay. Although he hasn’t invested in BTC, Rick Rieder asserted that Bitcoin could “take the place of gold to a large extent.” BlackRock’s CIO Believes In Bitcoin Founded in 1988 in New York, BlackRock is an […]

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US Banks Face a Massive Commercial Real Estate Crisis Looming on the Horizon

US Banks Face a Massive Commercial Real Estate Crisis Looming on the Horizon

Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next few months. Just recently PWC’s real estate […]

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