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“# Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin? ” This week’s correction in the price of Bitcoin (BTC) showed that a market doesn’t go up in a straight line. Meanwhile, another topic has been gaining attention, namely the big rise in the 10-year yields of United States government…
“# Elon Musk says BTC, ETH prices “high” while dunking on Peter Schiff ” While his electric car company announced a Bitcoin purchase weeks ago, Elon Musk finally became a true Bitcoiner last night by engaging in a time-honored cryptoTwitter pastime: dunking on Peter Schiff. Yesterday morning Schiff, the noted gold bug and Bitcoin skeptic,…
“# Bitcoin price hits $54K, reaching a $1T market cap faster than Amazon and Google ” Within the last hour, Bitcoin’s market capitalization pushed above the $1 trillion level. This milestone occurred less than a year after its market cap dipped below $100 billion on Black Thursday and the move to a new all-time high…
“# Bitcoin buys more gold than ever with one ounce now costing under 0.035 BTC ” Bitcoin (BTC) is now worth more in gold than at any time in its history as the largest cryptocurrency passes $50,000. Data noted by markets commentator Holger Zschaepitz on Feb. 17 confirms that one ounce of gold now buys…
“# Gold bug Peter Schiff gives Bitcoin permission to hit $100K ” The man who once said “Bitcoin will never hit 50K” has doubled down on the bearish prediction that Bitcoin will eventually go to zero. Back in 2019, CNBC host Joe Kernen speculated that Bitcoin’s price would reach $55,000 by May 2020. Peter Schiff mocked him at…
“# Crypto investors should consider buying gold, Newcrest Mining CEO says ” Sandeep Biswas, managing director and CEO at Newcrest Mining, believes crypto investors should consider buying some gold to protect themselves against highly unstable prices of cryptos like Bitcoin (BTC). “If you’re into cryptos, you want to consider having some gold,” Biswas said on…
“# Hedge or cyclical? Eternal debate on Bitcoin’s status sees a new twist ” One of the most enduring cryptocurrency-related narratives revolves around the search of crypto’s definition as an asset class. Is Bitcoin (BTC) more of a digital currency or digital gold? Do its unique properties warrant viewing it as something completely distinct from…
“# Bloomberg’s Mike McGlone says BTC could be headed to $50K as gold loses appeal ” Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. By 2024, he believes its volatility could even reach gold levels,…
“# CME chief economist hints Bitcoin is gaining ground on gold as a hedge ” CME Group’s chief economist and managing director, Bluford Putnam, recently acknowledged that Bitcoin is competing with gold as a hedge against inflation. “Gold appears to have an emerging competitor in Bitcoin,” told Bloomberg for a video released on YouTube on…
“# Polish crypto exchange employee in induced coma after armed attack ” Polish police have detained a suspect in an armed attack on FlyingAtom, a cryptocurrency and gold exchange in the city of Olsztyn in northeastern Poland. The incident, which occurred around 7 p.m. local time on Jan. 22, resulted in the injuries of two…