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“# Newsweek’s positive coverage of Bitcoin underscores paradigm shift in public perception ” Newsweek, one of the largest American weekly news magazines, has taken a positive spin on Bitcoin (BTC) in a recent article that explores whether the digital asset can become the new gold standard. The article, which appeared on Wednesday, dissects the digital…
“# Bitcoin could hit $146K long-term by ‘crowding out gold,’ says JPMorgan ” Drawing parallels between Bitcoin (BTC) and gold’s role as a hedge for investors has been popular for years. Until now, the stark discrepancy in the total market capitalizations of the two assets has limited these analogies to a significant extent. Gold, even…
“# Bitcoin hits all-time high against gold as haven battle rages ” Bitcoin price claimed another all-time high on Friday, this time against gold, offering further confirmation that demand for digital assets is on the rise. As Bitcoin (BTC) zipped past $29,000 on Friday, the digital currency reached a high of 15.40 gold ounces, surpassing the…
“# Altseason and $30K in sight: 5 things to watch in Bitcoin as 2020 ends ” Bitcoin (BTC) has had a week like no other, hitting fresh record highs of $28,400 and staying near the top — what’s next. As markets return to digest a wild Christmas, Cointelegraph presents five factors set to help with…
“#Birdwatcher discovers $1M worth of ancient Celtic gold coins” Christmas came in September for one British birder who stumbled upon a million-dollar cache of ancient Celtic coins while tracking a “dogfight” in the English countryside. The gold medallions — almost mistaken for an old machinery part — date back over 2,000 years to the age…
“# Bitcoin’s limited supply doesn’t really matter to one markets commentator ” Bitcoin (BTC) has won over a number of mainstream financial gurus in 2020 against the backdrop of a difficult year for the United States economy. Some markets experts, such as Dennis Gartman, however, still remain skeptical of the digital asset. Gold and Bitcoin…
“# JPMorgan: Bitcoin is ‘overbought’ but will suck money out of gold ” Institutional investors may be all that’s pushing up the price of Bitcoin (BTC), a new report from JPMorgan Chase claims. In comments on Dec. 18 quoted by Bloomberg, strategists led by Nikolaos Panigirtzoglou added to recent forecasts about the role of institutions…
“# Can gold and Bitcoin coexist? Goldman Sachs says yes ” Bitcoin’s (BTC) parabolic surge in 2020 will not hurt major traditional assets like gold, according to Goldman Sachs. One of the world’s biggest investment banks, Goldman Sachs reportedly sent a note to investors, reassuring its clients that Bitcoin does not pose an existential threat…
“# Don’t think Bitcoin’s supply is finite? You probably don’t understand the tech ” Bitcoin’s (BTC) price rise has brought all sorts of comments out of the woodwork. Although many carry a bullish tint, some folks still doubt crypto as a new store of value class. David Rosenberg, the chief economist and strategist, as well…
“# Shawarma connoisseurs serve up perfect recipe for Bitcoin adoption ” A Canadian restaurant chain known for serving shawarma, hummus, and other Middle Eastern delicacies has dropped some serious truth bombs about why Bitcoin (BTC) is a better store of value than gold. In a series of tweets, Ontario-based Tahini’s Restaurants explained why Bitcoin —…