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“# Flash crash rattles gold markets as Bitcoin holds strong ” Gold prices have tanked during the Monday morning Asian trading session, compounding losses accumulated over the past week. On August 9, the price of gold quickly fell to its lowest level since March as a flash crash drove prices below $1,700/oz. According to Tradingview,…
“# Billionaire Ray Dalio likes Bitcoin but would choose gold every time ” Hedge fund manager Ray Dalio says he’s still bullish on Bitcoin (BTC) but has a greater penchant for gold. Speaking to CNBC on Wednesday, the billionaire investor admitted to owning a “very small amount” of Bitcoin but said that he would choose gold…
“# CBDCs ‘concocted in hell by Satan himself’ says ASI president Rich Checkan ” Rich Checkan, the president of Asset Strategies International (ASI) has described central bank digital currencies (CBDCs) as a product that was “concocted in hell by Satan himself.” ASI was founded in 1982 and deals in alternative assets such as precious metals,…
“# Bitcoin bull outlines 7 steps to more fiscal stimulus and higher BTC prices ” A recent sell-off in the Bitcoin (BTC) market pushed its prices below the key psychological support of $30,000. While the cryptocurrency’s move downhill prompted many analysts, including Luno exchange’s Vijay Nayyar and Kinetic Capital’s Jehan Chu, to predict a further…
“# Bitcoin is a miracle and better than gold, says Apple co-founder Wozniak ” Apple co-founder Steve Wozniak has reportedly reiterated his positive stance on Bitcoin (BTC) despite not being a Bitcoin investor himself. A vocal proponent of Bitcoin who once called it the “only digital gold,” Wozniak reportedly referred to Bitcoin as a “miracle…
“# Gold outshines Bitcoin in Q2 even after posting its worst month since 2016 ” Gold is set to outperform Bitcoin (BTC) in the second quarter of 2021. An ounce of gold has surged from $1,707.45 on April 1 to over $1,750 in the still-running June 30 session. That marked a roughly 3.9% jump over…
“# Bitcoin volatility still a concern for CEO of BNY Mellon subsidiary ” Despite BNY Mellon’s entrance into Bitcoin (BTC), the CEO of one of the company’s asset management units is still sceptical about major risks associated with the world’s largest cryptocurrency. Francesca Fornasari, head of currency solutions at BNY Mellon’s subsidiary Insight Investment, believes…
“# ‘Absolutely right’ to think of Bitcoin as the new gold — Mexico’s 3rd richest man ” Bitcoin (BTC) is definitively the “new gold” for the third richest man in Mexico, Ricardo Salinas Pliego. In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat currencies or…
“# Bitcoin in uptrend but BTC may never beat gold’s $10T market cap — ex-NYSE head ” 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 CNBC on June 23, Thomas Farley…
“# CNBC host boldly reveals he sold his BTC amid depths of bear market ” Jim Cramer, the host of CNBC’s Mad Money, announced he has liquidated nearly all of his Bitcoin (BTC) holdings. Speaking on June 21 during an interview with CNBC’s Squawk Box on the Street, Cramer asserted that BTC is ”not going…