Tag: gold

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

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. Instead, he envisions these alternatives becoming […]

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Six-Digit Bitcoin Prices: Stock-to-Flow Creator Says BTC Value Model ‘On Track Like Clockwork’

Six-Digit Bitcoin Prices: Stock-to-Flow Creator Says BTC Value Model ‘On Track Like Clockwork’

Bitcoin prices have gone parabolic and the value is seemingly following along with the controversial stock-to-flow (S2F) model, according to the price model’s creator. This week, the Twitter handle dubbed “Plan B” said the “bitcoin stock-to-flow model [is] on track… like clockwork.” Stock-to-Flow Author Is Confident in the S2F Price Model Back in November 2020, […]

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Bitcoin Price Taps $41,970, Morgan Creek Partner Says ‘BTC Is a 10x Improvement on Gold’

Bitcoin Price Taps $41,970, Morgan Creek Partner Says ‘BTC Is a 10x Improvement on Gold’

Bitcoin’s price continues to move northbound, as the crypto asset’s value has touched another all-time high (ATH) this week reaching $41,970 per coin on Friday morning (EST). The digital asset bitcoin is now the 7th most valuable asset worldwide with an overall market valuation of around $778 billion today. Cryptocurrencies across the world have seen […]

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Bitcoin Price More Likely to Hit $50K Than $20K: Senior Bloomberg Strategist

Bitcoin Price More Likely to Hit $50K Than $20K: Senior Bloomberg Strategist

Mike McGlone, Bloomberg’s Senior Commodity Strategist, believes that bitcoin appears as a better investment opportunity than gold as of January 2021. The intelligence analyst said that it’s more likely BTC to reach $50,000 per coin than retrace to the old highs of about $20,000. Bitcoin Better Than Gold? Bloomberg’s strategist is among the few mainstream […]

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Bitcoin’s Price Surge Hurts Gold’s Performance: Former Fed Governor Changes His Mind On BTC

Bitcoin’s Price Surge Hurts Gold’s Performance: Former Fed Governor Changes His Mind On BTC

A few years after questioning bitcoin’s role in the financial markets, the former Federal Reserve governor Kevin Warsh has changed his mind, saying that owning BTC “makes sense” now. Furthermore, he breached the decade-old comparison between bitcoin and gold and said that the cryptocurrency is taking portions of the yellow metal’s market share. Former Fed […]

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Bitcoin Is Better Than Gold, SkyBridge Capital’s Anthony Scaramucci Joins the Club

Bitcoin Is Better Than Gold, SkyBridge Capital’s Anthony Scaramucci Joins the Club

Anthony Scaramucci, the founder of the global investment firm SkyBridge Capital that recently launched a Bitcoin fund, envisions massive gains for the cryptocurrency. Furthermore, the former investment banker at Goldman Sachs said that BTC is “better at being gold than gold is.” Bitcoin Is The Better Gold Apart from founding his own investment company and […]

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Bitcoin’s price could reach above $146,000 over the long term, say JPMorgan strategists

Bitcoin’s price could reach above $146,000 over the long term, say JPMorgan strategists

The price of bitcoin could rise above $146,000 over the long term, according to JPMorgan strategists. In a note published Monday, strategists led by Nikolaos Panigirtzoglou wrote that bitcoin’s competition with gold has already started and that implies a significant upside for bitcoin over the long term. The strategists said gold exchange-traded funds (ETFs) have […]

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Bitcoin Is In Its Biggest Bubble Believes Former Merrill Lynch Economist

Bitcoin Is In Its Biggest Bubble Believes Former Merrill Lynch Economist

Founder and chief economist at Rosenberg Research, David Rosenberg, has doubled-down on his narrative that bitcoin, similarly to the stock markets, is in a massive bubble. He warned that another bear market could emerge, similarly to what transpired following the previous bitcoin bull run in 2017. Bitcoin Is In A Bubble: Rosenberg In a recent […]

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