Breakout or $40K bull trap? 5 things to know in Bitcoin this week
Bitcoin surges past the key $40,000 amid a macro liquidity boost, but traders’ predictions include a BTC price crash of 25% or more. Go to Source
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‘Buy the rumor, sell the news’ — Bitcoin ETF may spark TradFi sell-off
Bitcoin retail investors may end up with a hot potato if the spot ETF go-ahead plays out like gold 20 years ago, analysis considers. Go to Source
Robert Kiyosaki recommends Bitcoin, gold, silver investments ‘before it’s too late’
The average person who tries to save money is a “loser,” said Kiyosaki while recommending investments in Bitcoin and precious metals. Go to Source
Uptober might be over: Bitcoin price data shows investor sentiment at 3-month low
Bitcoin price has corrected at each attempt to rally above $28,000. Cointelegraph explains why. Go to Source
Zimbabwe turns gold-backed digital token into payment method
The Reserve Bank of Zimbabwe first introduced its new project, in which every issued digital token would be backed by a physical amount of gold held in the bank’s reserves, in April 2023. Go to Source
Costo sells out of gold bars, but is it a better investment than Bitcoin?
Gold bars recently sold out at Costco, reflecting investors’ souring mood about the economy. Is there a silver lining for Bitcoin? Go to Source
Goldman Sachs dismisses AI bubble, predicts upcoming revolution
According to Goldman Sachs, the current period is the early phases of a new technology cycle, which is poised to deliver additional strong performance. Go to Source
What are the 3 assets most correlated with Bitcoin?
Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different. Go to Source
Zimbabwe central bank close to introducing gold-backed digital tokens into retail
Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which continues to face triple-digit inflation. Go to Source
Bitcoin vs. gold: Are market cap and other comparisons actually relevant for investors?
Bitcoin’s future price surge and mainstream adoption could happen independently of institutional adoption of the digital currency. Go to Source