Economist Peter Schiff Explains Why Bitcoin and Gold Are up This Year — ‘They’re Rising for Opposite Reasons’

Economist Peter Schiff Explains Why Bitcoin and Gold Are up This Year — 'They're Rising for Opposite Reasons'Economist and gold bug Peter Schiff has explained why bitcoin and gold are going up this year. “They’re rising for opposite reasons,” he said, claiming that the price of gold is climbing as investors view the metal as a hedge against inflation and a weaker dollar. Peter Schiff Explains Why Bitcoin and Gold Are Rising […]

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El Salvador’s President Tells Peter Schiff Benefit of Switching Gold Reserves to Bitcoin

El Salvador's President Tells Peter Schiff Benefit of Switching Gold Reserves to BitcoinThe president of El Salvador, Nayib Bukele, has revealed that his country holds 44,106 oz. of gold in its reserves that has lost some value over the past year. He told gold bug Peter Schiff that if El Salvador had sold its gold and bought bitcoin last year, it would now be worth $125 million […]

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Goldman Sachs: Gold Is Becoming Poor Man’s Crypto

Goldman Sachs Says 'Crypto and Gold Do Not Have to Cannibalize Each Other'Goldman Sachs’ head of energy research says, “Just like we argue that silver is a poor man’s gold, gold is maybe becoming the poor man’s crypto.” He sees funds starting to flow from gold into bitcoin as inflation fears escalate, noting that “We’ve argued historically that crypto and gold do not have to cannibalize each […]

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Billionaire Paul Tudor Jones Now Prefers Crypto Over Gold as Inflation Hedge

Billionaire Paul Tudor Jones Now Prefers Crypto Over Gold as Inflation HedgeBillionaire hedge fund manager Paul Tudor Jones says that bitcoin is currently “winning the race against gold.” He added that the cryptocurrency is his preferred inflation hedge over gold. Paul Tudor Jones Chooses Bitcoin Over Gold Paul Tudor Jones, the founder of asset management firm Tudor Investment Corp., talked about bitcoin being his preferred hedge […]

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Kevin O’Leary: ‘My Crypto Exposure Is Greater Than Gold for the First Time Ever’

Kevin O'Leary: 'My Crypto Exposure Is Greater Than Gold For the First Time Ever'Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has revealed that he has more crypto exposure than gold for the first time. He hopes to increase his crypto allocation to 7% in the next few months, emphasizing: “I don’t see a situation where crypto’s ever going away.” Kevin O’Leary Now Has More Crypto Than Gold […]

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Skybridge Capital Says Bitcoin Still Has More Upside Than Gold

Skybridge Capital Says Bitcoin Still Has More Upside Than GoldThe chief investment officer of global investment firm Skybridge Capital says bitcoin still has more upside than gold. While expecting both gold and bitcoin to rally, he said his hedge fund is sticking to bitcoin. Asset Manager Skybridge Prefers Bitcoin to Gold Troy Gayeski, co-chief investment officer (CIO) and senior portfolio manager at Skybridge Capital, […]

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Bitcoin vs Gold Debate: Frank Giustra Says BTC Not the Answer to All Problems, Crypto Proponents Exhibit Cult Behavior

Bitcoin vs Gold Debate: Frank Giustra Says BTC Not the Answer to All Problems, Crypto Proponents Exhibit 'Cult Behavior'The bitcoin vs. gold debate between gold financier Frank Giustra and the pro-bitcoin Microstrategy CEO Michael Saylor took place this week. In what viewers call an “epic” debate and a “historic” event, Saylor packed his arguments full of facts to convince Giustra to sell his gold and invest in bitcoin. Giustra, however, attacked how Saylor […]

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Restaurant Chain That Converted Cash Reserves Into Bitcoin Says Gold’s Safe Haven Days Are Numbered

Restaurant Chain That Converted Cash Reserves Into Bitcoin Says Gold's Safe Haven Days Are NumberedA great number of companies have been converting cash reserves into bitcoin during the last few months. At the end of August, the Mediterranean restaurant chain Tahini’s announced the Canadian company converted all of their cash reserves into bitcoin. On Friday, Tahini’s tweeted about the recent crypto reserve conversion, as the team recalled telling the […]

The post Restaurant Chain That Converted Cash Reserves Into Bitcoin Says Gold’s Safe Haven Days Are Numbered appeared first on Bitcoin News.

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Major Investment Bank Oppenheimer Bullish on Bitcoin, Highlights Instead of Gold

Major Investment Bank Oppenheimer Bullish on Bitcoin, Highlights Instead of GoldU.S. investment bank Oppenheimer’s analyst says gold is “extended” and has “run up a bit,” bringing attention to bitcoin instead. He sees the cryptocurrency reversing its downtrend from the $20K peak, benefiting from the dollar’s weakness. Oppenheimer Analyst on Bitcoin vs Gold Ari Wald, head of technical analysis at Oppenheimer, a major American investment bank […]

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Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China

The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22% of China’s annual gold production […]

The post Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China appeared first on Bitcoin News.

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