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Howard Lutnick, CEO of Cantor Fitzgerald, says bitcoin is a commodity. “When you truly understand bitcoin, it’s hard to see it any other way,” he said, adding that the crypto “should be treated like gold and like oil.” While stating that other digital assets may vary, he firmly maintained that BTC is a commodity. Howard … Read more
In a recent interview with Kitco News, Jp Cortez, the executive director of the Sound Money Defense League, discussed the growing sound money movement across the United States. Cortez emphasized the significance of legislative wins, such as the removal of sales taxes on precious metals in 45 states, and highlighted the increasing trend of de-dollarization. … Read more
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil. Go to Source
In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund … Read more
Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of … Read more
UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s … Read more
Digital asset investment products posted a second consecutive week of inflows last week, totaling $321 million, CoinShares reported. Go to Source
Gold gains more than 5% in a fortnight, reaching a record high driven by rate cuts and geopolitical tension. Go to Source
Economist and gold advocate Peter Schiff says gold is “set to have its best year since 1979 when it rose 126%.” He highlighted that gold is up over $540 so far this year, which is its “largest dollar gain in history.” He further explained that “investors still haven’t noticed the bull market or added mining … Read more
Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to the global financial system, potentially increasing economic instability. Robert Kiyosaki’s Bold Bitcoin Prediction … Read more