After two consecutive red months, Bitcoin posted a 6% increase in October. The volatility that wiped out billions from the market devastated Bitcoin’s price in June and led to a shaky summer with little to no gains. However, the third quarter began in the green with Bitcoin breaking through the $20,000 resistance, showing the potential…
Ethereum (ETH) co-founder Vitalik Buterin believes that crypto is a better asset to hold than gold, adding that it already has more adoption than a physical asset. Gold is incredibly inconvenient. It’s difficult to use, particularly when transacting with untrusted parties. It doesn’t support safe storage options like multisig. At this point, gold has less…
Gold has long been considered the ideal hedge against inflation for a long time. The precious metal has stood the test of economic meltdown, rising against the crashing value of the dollar, or so we thought. Global events in 2022 have shown that gold may no longer be the best hedge against inflation. So far,…
Crypto-linked exchange-traded products (ETP) are the rage in the industry, and 21Shares has taken that a notch higher by launching a Bitcoin and gold ETP, which is the first combined ETP and will be trading on the SIX Swiss Exchange, according to a Financial Times report. The ETP is listed with the BOLD ticker and…
With the crypto market going through circles of red runs, gold-backed stablecoins like Pax Gold (PAXG) and Tether Gold (XAUT) are defying the odds and are returning positive returns for their investors, according to a Reuters report. Gold-backed coins have been on the up in 2022 Per the report, the assets have performed positively even…
The ongoing war in Ukraine has firmly placed the importance of assets like Bitcoin and gold in the front seat of the global financial system, according to financial asset management firm VanEck. The firm believes that under an extreme scenario where gold or Bitcoin becomes the reserve currency of the world, the value of the digital…
Former BitMex CEO Arthur Hayes in a long op-ed published on his Medium page titled “Energy Cancelled,” explained how the war in Ukraine and resulting sanctions could be the end of the Eurodollar / Petrodollar monetary system. Russia sanctions could spell end of dollar domination According to Hayes, the sanction of the world’s largest energy…
Sanctions against the Russian Federation are hitting hard on the Russian nation and its businesses, financial- and payment systems, and citizens alike. More and more nations and institutions are lining up to impose sanctions, and it seems as if deeper and wider sanctions are coming. Russia has been on a mission to de-risk its dependence…
Goldman Sachs, through its recently released note to clients, has stated that Bitcoin could reach as high as $100k in this year. Bitcoin to $100k will happen if investors see it as digital gold According to the global investment bank, its prediction depends largely on how investors treat Bitcoin this year. This means that if…
The flagship digital asset, Bitcoin, in the last seven days has witnessed one of its best times in recent weeks with its value touching as high as $55,000 during the bull run. While many analysts are yet to place a finger on what triggered this run, a research note from a leading traditional bank, JPMorgan,…