Gold market cap hits $30T, is Bitcoin falling behind?

Gold’s market value has skyrocketed to more than $30 trillion for the first time in history, making it the largest asset by market cap to date. Can Bitcoin catch up? According to data from Companies Market Cap, gold has surged…

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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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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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Investors Flock to Gold in Stock Market Rout. Why Didn't Bitcoin Pop?

The bitcoin price is trading mostly flat today despite the fact that the stock market got hammered, with the Dow Jones tumbling some 400 points. Meanwhile, the gold price is looking bullish and is currently trading above $1,500 per ounce.

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Dow Plunges 400 Points as Haven Demand Fuels Gold & Treasuries

The Dow and broader U. S. stock market plunged anew on Monday, as threats to global economic health fueled a massive rally in haven assets like Treasuries and gold bullion. According to Goldman Sachs, bullion prices are heading higher over the next six months as U.

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3 Central Banks Shock The Market With Aggressive Rate Cuts; Yuan Crashes, Gold And Bitcoin Rallying

Central banks in Asia-Pacific region— New Zealand, India, and Thailand, announced interest rate cuts in a surprisingly aggressive manner on Wednesday, furthering a global trend of monetary policy easing.

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Gold Beats the S&P 500 YTD but Risks Abound for the Safe-Haven Asset

As volatility ravages the stock market, it is no surprise that demand for safe-haven assets is soaring. The controversial godfather of defensive assets, gold, has outperformed the S&P 500 year-to-date, and it’s undoubtedly no coincidence.

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Capital Flight from China Causing Bitcoin’s Pump: Kyle Bass

Well known fund manager of Hayman Capital Management, Kyle Bass, believes that the current run-up in Bitcoin is has been caused by global trade tension, Yuan devaluation, and capital leaving China. In an interview with Yahoo, Kyle emphasized that while capital is leaving China through gold and Bitcoin, the rising market will be cut short byRead MoreRead More.

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Питер Шифф: СМИ уделяют слишком много внимания биткоину

Финансовый эксперт и непримиримый критик биткоина Питер Шифф посетовал на то, что СМИ чересчур сфокусированы на биткоине. CNBC is trying its best to dupe its audience into buying Bitcoin. Despite gold being a much larger market, CNBC devotes far more airtime to Bitcoin.

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Peter Schiff: CNBC Duping Viewers Into Buying Bitcoin at Gold's Expense

Gold bug Peter Schiff has accused business news channel CNBC of trying to "dupe its audience into buying bitcoin. " In a tweet, Schiff accused the business news channel of devoting more time to bitcoin relative to gold.

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Bitcoin Price Will Hit $100,000 in Just 30 Months: Morgan Creek

Anthony ‘Pomp’ Pompliano is doing the rounds. On Wednesday, the Morgan Creek co-founder tussled with stock market skeptic and renowned gold bug Peter Schiff. Come the end of the week and he’s once again singing Bitcoin’s tune.

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Karatbars — Where They Buried the Truth

The fraudulent times over the ICO world have long gone, scam projects have sunk into oblivion, where only serious companies have survived on the market. However, Karatbars, a company that claims ownership of real gold mines in Guiana and Madagascar, at one time released tokens that are supposedly backed by the “gold standard.

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Legendary Economist: At 5% of Gold, Bitcoin & Crypto are Sized Fairly

While Bitcoin (BTC) and crypto have become a global trend, with some of the world’s most powerful people talking about it, this asset class is still minuscule in terms of its financial influence.

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Precious Metals Rally but Are Gold Bugs Secretly Holding Bitcoin?

Gold stocks are on a tear. So much so that one analyst believes that they are about to become the next FAANG stocks, the latter of which represent high-flying tech companies that have been fueling much of the stock market’s gains lately.

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Bitcoin and silver speculated to be better investments than gold in current market atmosphere

Bitcoin’s price movement has been considered as one of the main indicators for analyzing the behavior of the entire cryptocurrency market.  Some analysis also showed that Bitcoin was outperforming its mainstream peers such as gold and other precious metals with silver being the only commodity standing out during the previous week.

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It’s game over for gold; crypto assets to capture a meaningful portion of $8 trillion gold market: Barry Silbert

Although financial systems have built on gold’s enormous usability and scarcity, Barry Silbert believes that handing over the wealth to the future generations will involve less use of the highly-valued metal.

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Gold Shill Rips Bitcoin as Flawed Miner-Rewarding Monetary System

Bitcoin might have outperformed the global bond market in 2019, but it remains a bad investment, believes Roy Sebag of GoldMoney (TSX: XAU). The founder & chief executive officer last week presented bitcoin as a system that spends billions of dollars off its annual earnings to merely survive.

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Future of crypto-assets will be prosperous, with or without Libra

It has been yet another eventful week for “magic internet money. ” Bitcoin, which leads the cryptocurrency bandwagon in the financial market, has been in the headlines recently owing to two key comments.

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Bitcoin Beats Traditional Financial Market Investments On ROI

The monumental performance of bitcoin in 2019 has not gone unnoticed by those who invest in traditional assets. BTC has outperformed pretty much all of the other financial investment options on the table by a massive margin.

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Bitcoin playing catch up as coin remains undervalued when compared to gold

Bitcoin’s relationship with the mainstream financial market has been strained because of differences in opinion between the two camps. One of Bitcoin’s biggest rivals in the financial ecosystem has been gold, with campaigns like Grayscale’s #DropGold being a major example.

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Bitcoin (BTC) – gold is like gold. Digital though

The fact that Bitcoin is digital gold is believed by not only crypto community enthusiasts, but also by many skeptics now. Historical charts also support this conclusion. In fact, until 2016, the cryptocurrency market did not exist as such.

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Market Outlook: Gold and Crypto Reap the Benefits of Economic Fear

Cryptocurrencies have recovered from losses incurred a week ago, with many digital assets up 50-80% since July 2. For instance, eight days ago bitcoin core (BTC) tumbled to $9,650 and then back to a high of $13,150 yesterday evening.

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Pro-Trump Economist Art Laffer Unknowingly Boosts Bitcoin Bull Bias

Noted economist Art Laffer co-authored a bitcoin study in August 2015, wherein he wrote the cryptocurrency could usurp 1 percent of the gold’s $2. 5 trillion market cap. Four years later, the expert is once again presenting a strong bullish case for bitcoin, albeit unknowingly.

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‘Bitcoin is digital gold’ meme becomes real as BTC and gold markets align

Bitcoin is often called “digital gold,” pitched as an alternative to the real thing. In 2019, the meme is actually real, as the two assets have performed almost identically over the past 30 days.

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Is Gold’s Predicted 43% Surge Enough for a Bitcoin Showdown?

Coinspeaker Is Gold’s Predicted 43% Surge Enough for a Bitcoin Showdown?Gold has had a good year on average, setting two new six-year records in the spot price and futures market. Since Bitcoin is touted by bulls has a better store of value than gold, what does the gold rally mean for Bitcoin?Is Gold’s Predicted 43% Surge Enough for a Bitcoin Showdown?

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Bitcoin Still in Bull Market Territory as Gold Plummets; Will Growing Economic Stability Slow BTC?

Both Bitcoin (BTC) and gold have once again been caught in the throes of volatility that have allowed them to form fresh levels of support and resistance that will likely continue to hold strong in the near-future.

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Willy Woo Predicts Bitcoin Market Cap of $1 Trillion By 2025

On July 4, 2019, Willy Woo, a cryptoanalyst and Bitcoin proponent while speaking on an episode of the Coinist Podcast said that the current cycle will spike Bitcoin’s market capitalization to $1 trillion.

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Bitcoin ‘Will Hit $1 Trillion Market Cap’ By 2025, Willy Woo Reaffirms

Bitcoin is on course to hit a $1 trillion dollar market cap in its current cycle, and next time will beat gold, Willy Woo has said. Woo Stands By 2013 BTC Prediction Speaking on an episode of the Coinist Podcast on July 4, Woo, who is a well-known analyst of the Bitcoin blockchain with several dedicated resources, stuck by his predictions for the cryptocurrency’s near-term future.

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Crypto Analyst: Bitcoin Market Cap Due to Surpass $1 Trillion this Cycle, $8 Trillion Next

Crypto asset market analyst and partner at Adaptive Capital, Willy Woo, believes that the market capitalisation of Bitcoin alone will surpass $1 trillion dollars in the coming years. After letting off steam, he believes the next cycle will take Bitcoin’s market capitalisation to levels that rival that of gold today in terms of value.

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Bitcoin Traps Gold’s Market Share as Sovereign Bonds Become Unattractive

Bitcoin’s revival is considered to be Facebook’s Libra doing. The social media’s giant sudden foray into the cryptocurrency industry gave bitcoin, as many believe, a perfect reason to grow its valuation.

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Bitcoin promoted from being ‘digital gold’ to ‘haven asset’ as it continues to rally

Bitcoin has been observing a pattern of sudden surges and falls over the past few days, even as the coin hovers between $10k and $14k. Bitcoin’s value shot up 42% since June and the price of the coin reached $12k, at press time.

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4 Shocking Financial Market Changes Sparked by a Donald Trump Tweet

In the financial world, different markets are correlated more tightly than most people anticipate. It is also evident how one single individual can effectively influence markets to move in certain directions, either knowingly or by accident.

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Bitcoin’s mission to succeed gold holdings in countries no longer an utopian possibility

Bitcoin has stolen the scene in the cryptocurrency market again after massive surges propelled the world’s largest cryptocurrency past the $10,000 mark recently. The price boom resulted in many proponents of the cryptocurrency to make connections between the growth of the digital asset and its impact on mainstream finance in the future.

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Analyst: Gold Bull Run to Eat Bitcoin Alive, Takes Entire BTC Cap to Move Price 3%

During times of economic distress, the shiny chemical element, commodity, and precious metal known as gold, is often looked to by investors seeking to place capital in a safe haven “hedge” against falling fiat values, and in the face of uncertainty surrounding traditional markets such as real estate or the stock market.

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Bitcoin (BTC) and “filthy lucre”

A new version of the growth of Bitcoin. Digital gold rises at the same pace as metallic gold and palladium. Two golds The fact that Bitcoin is digital gold is not contested by anyone except the hard-nosed enemies of crypto.

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Bitcoin Bull Market Leaves Cannabis Traders Green With Envy

Bitcoin’s latest moonshot to a new 15-month high has not just left the gold market in its dust, but also the nascent cannabis market.   Bitcoin Vs. Cannabis: The Grass Is Always Greener Data comparing Bitcoin price with the global cannabis market, confirms a trend which will likely bring enthusiasts back down to Earth.

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Here's Why Bitcoin Price Will Smash $100k Before 2022: Fund Manager

The bitcoin price will soar to $100,000 in the next two and a half years. That’s the aggressive price target from Anthony Pompliano, co-founder and partner at Morgan Creek Digital. If his prediction is correct, bitcoin would hit a $2 trillion market capitalization.

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Dow Shivers Paralyzed with 'Screaming' Stock Market Warning Signs

Dow Jones futures were paralyzed in early trading Tuesday as major warning signs flashed across the broader stock market. The market is in the bizarre position where all asset classes are firing on full power.

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Following Gold Fractal Would Bring Bitcoin Price to ATH, $16K is Coming Fast

Over the weekend, Bitcoin price yet again shocked the crypto market and breached the important psychological resistance at $10,000, and soon after tested above $11,000 before a pair of violent rejections below.

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Three nails in the coffin of the fiat market from Bitcoin (BTC) and Grayscale

Grayscale Investments, a company that has worth $ 1. 2 billion crypto assets under management (AUM), claims that Bitcoin today surpasses traditional fiat currency and gold as for global liquidity crisis.

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Bitcoin’s monumental rise continues to take over the market as coin moves past $10000 level

Bitcoin, the cryptocurrency that’s ruling the entire market with over 57 percent dominance, seems to be back with a bang. The coin has made a glorious return to the bull market as the past six months saw the digital gold recover its position from around $3000 to over $10,000.

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Crypto Pundit Peter Schiff Says Gold Is In Early Bull Market, But Bitcoin Is a Sucker’s Rally

Bitcoin has drawn many comparisons to Gold, and is often referred to as the digital version of the precious metal and commodity due to its scarcity, potential as an economic hedge, and use as a store of value, among many others similarities the crypto asset and Gold share.

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Gold Bug Peter Schiff Celebrates Metal’s Pitiful Gains, Bashes Bitcoin

By CCN Markets: Longtime crypto critic and gold proponent Peter Schiff is excited. He’s not happy due to the stock market hitting new all-time highs or bitcoin prices surging but rather by a microscopic advance in the price of gold.

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Bitcoin Leaves Other Asset Classes in Dust as Market Stars Align

By CCN Markets: Investors who are not generating returns in 2019 are clearly looking in the wrong place. Considering bitcoin claimed a fresh 2019 high to nearly $9,400 over the weekend, other asset classes have a hard act to follow.

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Bitcoin vs. Altcoins; what would the final death knell for the altcoin market be?

In over a decade of its existence, Bitcoin [BTC] has found itself going toe-to-toe with several prominent financial assets in different areas. In the medium of exchange space, Bitcoin has faced the wrath of fiat currencies, most notably the US Dollar and in the store of value sense, the digital gold was at odds with […] The post Bitcoin vs.

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Bitcoin breaches $9000 mark; takes a step closer to $10,000

Digital gold, Bitcoin[BTC], crossed the $9000 mark on Coinbase. According to Coinmarketcap, BTC was valued at $9,169 with a market cap of $162 billion, at press time. The 24-hour price change indicated a rise of 5.

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Bitcoin & Gold’s Stock-to-Flow ratio drives their market and monetary value

Bitcoin has been one of the standout performers of 2019, outperforming several traditional commodities. However, the virtual asset is often criticized for its price volatility and a higher risk of investment.

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Bitcoin can be everything at once; currently it’s best at being a store of value, says Blockstream’s CSO

Bitcoin [BTC], the largest cryptocurrency in the market, has gone from being an electronic cash system to becoming a store of value over the past ten years. The coin has several times been termed as digital gold, with even Grayscale Investments prompting investors to drop gold and be a part of the digital currency revolution […] The post Bitcoin can be everything at once; currently it’s best at being a store of value, says Blockstream’s CSO appeared first on AMBCrypto.

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