2019-12-11 14:53 |
Mark Cuban appears troubled when asked to give his verdict on Bitcoin’s utility as a financial instrument
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Gold has been under pressure while Bitcoin has thrived since the US presidential election as the industry expects a strong shift to crypto assets. The leading investment asset, also used as the primary inflation hedge, plunged to a one-month low…
The ratio surged 12% Wednesday as the pro-crypto Republican candidate Donald Trump won the U.S. presidential election.
With gold and Bitcoin both at or near record highs, the debate over which is better ‘hard money’ is heating up as investors seek hedges against economic uncertainty, inflation, and geopolitical change.
Billionaire Paul Tudor Jones is bullis on gold and Bitcoin. The hedge fund manager told CNBC in an interview that commodities are under-owned. Paul Tudor Jones says he is long the precious metal gold and digital asset Bitcoin (BTC) ahead of the US election and as inflationary pressures look to persist beyond the November vote.
Billionaire hedge fund manager Paul Tudor Jones is short bonds, and long Gold and Bitcoin. Sound the alarm!
Better times for Bitcoin may lie ahead as the co-founder of BitMEX feels that the current geopolitical tensions in the Middle East may only push the cryptocurrency to rise higher. According to Arthur Hayes, the effects of war would resonate intensely in the US economy in the form of increased government spending and inflationary levels […]