Bitcoin is new gold for millennials, Wharton finance professor says
Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015. Go to Source Powered by WPeMatico
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Wharton’s Professor Warns About Inflation, Predicts Many Rate Hikes, Says Bitcoin Has Replaced Gold for Millennials
A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. Finance Professor on Bitcoin and Inflation Wharton’s finance professor Jeremy Siegel shared his outlook … Read more
What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row
But concerns remain that the cryptocurrency would fall harder than its traditional rivals in 2022 on the U.S. Federal Reserve’s increasingly hawkish tones. Go to Source Powered by WPeMatico
Swiss Bank Seba Launches Regulated Gold Token, Aims to Bolster ‘Digital Ownership of Physical Gold’
On December 15, FINMA-licensed Swiss bank, Seba, announced the launch of a gold token that can be delivered in physical form, on-demand, at any time from the firm’s partner refineries. Seba believes the token can be leveraged as a compliant stablecoin “backed by responsibly sourced gold.” Swiss Bank Introduces ‘Seba Bank Gold Token’ Backed by … Read more
SEBA Bank launches regulated gold token to enable digital ownership of physical gold
“Gold plays a major role in the capital markets. With a market cap of over $11 trillion, it offers investors a reliable hedge against inflation and a store of value irrespective of economic turbulence,” says SEBA Bank CEO Guido Buehler. Go to Source Powered by WPeMatico
Bitcoin could hit $100K, gold $2K in 2022 thanks to ‘deflationary forces’ — Bloomberg analyst
An about turn and fresh turmoil for macro would play to Bitcoin’s strengths, argues Mike McGlone. Go to Source Powered by WPeMatico
3 reasons why traders expect Bitcoin to retake $60K before November ends
Bitcoin price flashed a few bullish signals on Nov. 29, leading analysts to share their opinions on why BTC should close November above $60,000. Go to Source Powered by WPeMatico
Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November
The classic bearish setup projects Litecoin price potentially falling to $200 in the coming sessions. Go to Source Powered by WPeMatico
Egyptian Billionaire Remains Bullish on Gold, Says It’s Wrong to Compare Precious Metal to Bitcoin
Egyptian billionaire Naguib Sawiris has said he remains bullish on gold and has no intention to invest in cryptocurrencies like bitcoin because such investment is a very risky business. Sawiris Says Gold Still Safe-Haven Asset In his remarks published by The National News, the billionaire reveals he believes it is wrong for people to make … Read more
‘#DropGold worked’ — Grayscale ‘flippens’ world’s largest gold fund as AUM hits $60B
The cryptocurrency investment giant has also seen “massive” options volume as gold takes a fresh beating and institutions seek Bitcoin exposure. Go to Source Powered by WPeMatico