Fidelity Exec Details How Bitcoin Will Capture a Quarter of Gold’s Monetary Market

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Sub-$22K Bitcoin looks juicy when compared to gold’s market capitalization

BTC’s market cap is way smaller than gold's, but the percentage of Bitcoin held by institutional investors suggests that the current pricing reflects an excellent discount.

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Chinese Media: Bitcoin Bull Run Could Be Bearish for Gold and Precious Metals

Chinese state media are predicting further declines for gold and the precious market in general amid a possible parabolic advance for Bitcoin (BTC). Indeed, several market analyses show an increasing pivot away from traditional haven assets like gold towards BTC as investors look to capitalize on the top-ranked crypto by market capitalization reaching new heights.

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Dow Sways After Gold’s Surge Sends the Stock Market a Warning

Gold hit a seven-year high overnight as investors hunt for safety. Is this an alarm bell for the U.S. stock market? The post Dow Sways After Gold’s Surge Sends the Stock Market a Warning appeared first on CCN.com

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Bitcoin No Longer Looks Like ‘Digital Gold’ by One Measure

If "digital gold" means "assets where investors park money during financial market turmoil," then bitcoin doesn't fit the bill as well as it used to.

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Putin – this is serious! Real crypto will start to rise from Russia: exclusive

The Russian statement on the tokenization of strategically important metals, including palladium, platinum and gold, can play a decisive role in the development of the cryptocurrency market. In Russia, formally operates the form of government “republic”.

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Right on Cue: Schiff Resurfaces to Celebrate Bitcoin Price Drop

For someone lacking interest in Bitcoin, Peter Schiff has a funny way of showing it. As the price leading digital assets is dropping today, the gold bug has once again commented that such moves are evidence of a “pump and dump” narrative in the market.

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Bobby Lee Expects Bitcoin’s Market Cap to Surpass Gold’s $8 Trillion Size in Next 8 Years

Bobby Lee, the ex-CEO of what was the most famous Chinese cryptocurrency exchange at some point, has said in an interview that he expects Bitcoin to overtake gold’s market cap over the next 10 years.

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Bitcoin and Gold Take a Beating while Stock Market Books a Winning Streak

The Dow Jones Industrial Average notched its 12th record close of 2019, the S&P 500 marked its 23rd and Nasdaq Composite recorded its 17th all-time high in 2019. All three of the benchmarks booked gains on Monday.

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Millennials Increasingly Prefer Bitcoin to Gold or Real Estate

British digital asset management firm CoinShares has released a report that outlines a number of trends in the Bitcoin and cryptocurrency market in 2019. The report describes the social, political, economic, and technological forces driving cryptocurrency adoption, and the consequent trends that have materialized in the cryptocurrency market.

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Bitcoin accommodates 'fantastic macro hedge properties' in the market

The long-drawn narrative of Bitcoin being identified as digital gold is a portrayal chosen by many traditional investors who enter the Bitcoin space. Bitcoin's depiction as a Store-of-Value initially The post Bitcoin accommodates 'fantastic macro hedge properties' in the market appeared first on AMBCrypto.

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2020 Gold Spike Summit: Doug Casey’s Strategic Investor Research Report

Chris Hurt introduces the program, stating first that he’s been able to learn his financial technique from “some of the most dynamic and sought-after minds” in this industry. In today’s video, Hurt met up with Doug Casey, who he describes as “a multi-millionaire and legend of the resource market,” to discuss gold, bringing up that […]

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4 Things You Probably Don’t Know About Bitcoin Gold

So you know that Bitcoin fork from back in 2017? The one that was designed to fight the Bitmain monopoly by being ASIC-resistant? Well here are a few things you probably don’t know about Bitcoin Gold right now.

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Bitcoin will cross $500K in 9 years, predicts Bobby Lee

The first and largest cryptocurrency by market cap, Bitcoin is often compared to gold due to certain similarities both assets share. Limited supply, deflationary nature, and store of value are just a The post Bitcoin will cross $500K in 9 years, predicts Bobby Lee appeared first on AMBCrypto.

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Bitcoin Price Will Moonshot $500,000 Within 10 Years After Flipping Gold, Says Bobby Lee

Bitcoin to flip gold by 2028, says Bobby Lee, founder of BTCC, the world’s first bitcoin exchange. Stock to Flow model supports the prediction. A weak dollar may adversely affect bitcoin’s price point.

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Bitcoin Hater Peter Schiff Is the Gold Bug Who Cried Wolf

Peter Schiff is once again making apocalyptic bitcoin price predictions. This isn’t the first time the famous gold bug has sounded the alarm on the crypto market. Are crypto investors right to treat him like the boy who cried wolf? Peter Schiff has remained active on Twitter lately, chiming in on the Fed’s ballooning balance […] The post Bitcoin Hater Peter Schiff Is the Gold Bug Who Cried Wolf appeared first on CCN.com

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What Gold’s Price Plunge Tells Us About the Record-High Stock Market

Gold price dropped by 4% as U. S. stock market hit record highs. Major U. S. banks including JPMorgan and Citibank closed positions on gold for more risky alternatives. Nobel laureate says geopolitical risks are over-estimated, making the environment better for stock market over gold.

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Did Xi Jinping Impact the Price of Bitcoin?

BTC sentiment is a key market driver. Following Xi Jingping’s positive comments on blockchain a narrative that the news will drive price growth has emerged. A look at search trends between Bitcoin, gold, and China provides additional insight.

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Bitcoin and Gold Feeling the Pressure while Stock Market Makes a Fresh Record

Today, the market has hit yet new highs. The benchmark S&P 500 Index, up 22. 7% so far this year, is on track to rise for a fifth week in a row while Nasdaq is eyeing its sixth straight week of gains.

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Top 3 Reasons Why the Marijuana Industry Is Coming Down From Its High

Marijuana stocks have taken a nosedive this year. Access to financing, heavy taxes and black market prices have contributed to the struggles of pot businesses. The good news is that industry regulation is looking good.

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What Gold’s Massive Rally Tells Us About the Stock Market

Gold and stocks are rallying in lockstep with each other. Appetite for gold is driven by safe-haven demand despite surging stock prices. Analysts believe the gold bulls still have the upper hand in 2019.

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China’s ‘DCEP’ Cryptocurrency Will be Gold-Backed: Max Keiser

After a period of absence, RT’s Max Keiser is back and his commentary on the current state of the global economy is as colorful as ever. The bitcoin bull also had some interesting things to say about China’s gold hoards and its new central bank-backed cryptocurrency.

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Bitcoin Futures Market Is Changing Cryptocurrency Landscape

Coinspeaker Bitcoin Futures Market Is Changing Cryptocurrency LandscapeThe futures market can be the cause of development efforts around Bitcoin, one of the crucial hedging assets like gold or dollar.

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Peter Schiff: Whale Tactics are to Blame after Bitcoin Rises 30% Over Gold Pre-Crypto Market Crash

Peter Schiff, a HODLer of gold, has said that investors are suffering because of the whales' tactics that are employed on digital currencies markets. On a tweet posted on Oct. 29, this is what the diehard gold investor had to say, Bitcoin hodlers won't sell as they believe they'll get rich when #Bitcoin moons. Bitcoin […]

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Bitcoin Options Market: 10% Chance BTC Trades at $20,000 in June

The recent Bitcoin (BTC) jump from $7,300 to $9,700 has renewed bullish expectations. Just three days ago, you had analysts calling for a return to the $3,000 lows — gold bug Peter Schiff even noted that $2,000 was in the cards; now, all eyes are on new all-time highs for Bitcoin.

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Gold Price Regains Its Shine as U.S. Economy Flashes Two Warning Signals

The price of gold rallied on Wednesday and was making a fast return to $1,500 as investors weighed the multitude of risks facing the U. S. economy. The latest warning signal came from the housing market after existing home sales tumbled much more than expected in September.

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Bitcoin Has “Boundless Possibilities”, Believes Cameron Winklevoss

Bitcoin (BTC) is much more than its market price, recently commented Cameron Winklevoss, one of the co-founders of the Gemini exchange. He also added that comparing BTC to gold is just a temporary milestone.

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Bitcoin, Gold Dives in Tandem as China Posts Poor Economic Data

Perceived safe-haven assets Bitcoin and Gold were trending downwards on Friday as investors processed the emotional aftermath of China’s weak economic data. The BTC/USD instrument slipped by 1.

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Bitcoin is Digital Gold, Acknowledges Facebook Libra Co-Creator

David Marcus, the co-creator of Facebook’s Libra cryptocurrency, has clarified the purpose of Libra in a world where the cryptocurrency market is dominated by Bitcoin. At the outset of an interview with CNBC, David was asked “Do you own any cryptocurrency currently, [.

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Is Bitcoin a Safe Haven Like Gold? These Four Charts Say Not Yet

Market movements show us that bitcoin is not generally accepted as a safe-haven investment.

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Litecoin-Bitcoin Correlation Recovers Two Months After the Halving

Litecoin, the silver to Bitcoin’s gold, had recently gone through the block halving event, resulting in extreme price swings. The cryptocurrency market, in general, is highly correlated, with most crypto assets following Bitcoin’s price movements.

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Gold Price Attracts More Bids as U.S. Services Downturn Adds to Recession Fears

The price of gold rallied Thursday, extending its winning streak to three days after another batch of soft data sparked a fresh wave of haven buying in the market. Gold Extends Rally December gold futures climbed all the way to a session high of $1,525.

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Global Stocks Slump as Analysts Forecast 30% Gold Rally in 2020

As global stocks continue to slip fueled by the correction of Asian markets, analysts expect the gold price to surge by 30 percent heading into 2020. The Nikkei 225, a stock market index for the Tokyo stock exchange, plummeted by over two percent on the day alongside South Korea’s Kospi and China’s SSE Composite, which […] The post Global Stocks Slump as Analysts Forecast 30% Gold Rally in 2020 appeared first on CCN.com

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ICOs’ failing fortunes may force them to take a curtain call

Looking back at 2017 when the bull run of Bitcoin and altcoins was all the rage, ICOs were legitimately recognized as a gold mine for raising millions for crypto-tokens. The staggering growth of virtual assets turned multiple heads in the market, with the allure of ICOs running wild among investors.

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Bitcoin Price Will Surpass $20,000 Within the Next Year if It Continues to Follow Gold?s Market Cycles: Expert

Bitcoin could be following the same path as gold, which would allow its price to touch the much-coveted $20,000 mark next year

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After Epic Flash Crash, Gold Price Rebounds: 3 Reasons Why

The price of gold bounced back sharply on Tuesday, erasing a portion of Monday’s brutal drop after a protracted downturn in the manufacturing sector sapped risk sentiment from the market. Gold for December settlement, the most actively traded futures contract, reached a session high of $1,493.

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Vaultoro revamps interface, releasing Lightning-based tokenized gold

Vaultoro revamps interface, releasing Lightning-based tokenized gold - CryptoNinjas Vaultoro, the market’s first gold crypto-hedging solution since 2015, released today a revamped version of its commodities exchange based on a new C++ modular engine optimized for high-frequency trading, clocking up to 1.

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Bitcoin Price Could See 10% Bounce if $8,000 Holds

Last week, volatility finally picked up for the Bitcoin price after a multi-week lull. While many traders embraced this tumultuous price action, it seems that the cryptocurrency market is settling once again, with BTC finding support at $8,000.

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Without Disobedience, Bitcoin Is No Better Than Gold

With the launch of Bakkt’s bitcoin futures market and Binance’s revamped U. S. exchange, there’s been a lot of talk in the space about institutionalization and traditional money flowing into crypto.

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Bitcoin whales move over $84 million as king coin continues to bleed

Over the last 24 hours, Bitcoin, the first and largest cryptocurrency by market cap, has been witnessing a drop of 14. 10%. At the time of writing, the coin was valued at $8,358 with a market cap of $150 million.

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Bitcoin fails to record growth as bear bites the digital gold

Bitcoin [BTC] was trading at $9,941. 18 at press time, recording a dip of 0. 87% over the 24-hour cycle. BTC’s market cap stood at $178. 47 billion with a trading volume of $12. 61 billion recorded for the last 24-hours.

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Satoshi Nakaboto: ‘Bitcoin network shifted the equivalent of 412 tons of gold in one day’

Our robot colleague Satoshi Nakaboto writes about Bitcoin every fucking day. Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours.

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Market Commentary: Altcoin Correlation To BTC Decreases, ETH And XRP Rise.

Bitcoin and the rest of the market is surprisingly linear today, with many altcoins registering modest gains as BTC remains range-bound. Ethereum and XRP in particular are showing strong gains.   How correlated is the crypto market? As experts debate the correlations between Bitcoin and gold versus the stock market, it’s interesting to look at […] The post Market Commentary: Altcoin Correlation To BTC Decreases, ETH And XRP Rise. appeared first on Crypto Briefing.

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U.S. Charges JPMorgan Suits for ‘Spoofing’ Precious Metals Markets

The United States Department of Justice has charged three gold and precious metals traders from JPMorgan on suspicions of market manipulation. The alleged bad actors include Gregg Smith, 55, Michael Nowak, 45, and Christopher Jordan, 47 — alongside other suspected co-conspirators.

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JPMorgan Chase Traders Accused Of Market Manipulation, Again

The U. S. Department of Justice has charged top managers at JPMorgan Chase of market manipulation, Reuters reports.   For the better part of a decade, according to DoJ charges, traders Gregg Smith, Michael Nowak and Christopher Jordan allegedly manipulated prices of gold, silver, platinum and palladium futures on the New York and Chicago Mercantile Exchanges.

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JPMorgan Chase Accused Of Market Manipulation, Again

The U. S. Department of Justice has charged top managers at JPMorgan Chase of market manipulation, Reuters reports.   For the better part of a decade, according to DoJ charges, traders Gregg Smith, Michael Nowak and Christopher Jordan allegedly manipulated prices of gold, silver, platinum and palladium futures on the New York and Chicago Mercantile Exchanges.

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Gold Price Makes Comeback Rally Over Mideast Tensions

Gold’s price staged a large relief rally on Monday, as investors’ risk appetite soured following the latest developments in the Middle East. Dow futures also fell sharply ahead of the opening bell in New York, mirroring a subdued market for stocks.

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Bitcoin’s 2024 halving could dethrone dollar in terms of market cap

The largest cryptocurrency by market cap, Bitcoin is scheduled to undergo its third halving in May 2020. Many from the community speculate an increase in the value of the king coin’s price.

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Bitcoin, Stocks, Or Precious Metals: Which Turns The Most Profit?

Bitcoin’s strong and stable performances in 2019 have been undeniable. As the cryptocurrency’s returns continue to outperform gains seen in traditional market stalwarts (i. e. gold, silver, and the S&P 500), many traders are making comparisons to its relative strength within the market.

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