Bitcoin buys more gold than ever with one ounce now costing under 0.035 BTC
One analyst says Bitcoin is “eating” the precious metal as gold bugs scramble to find support amid repeated new all-time highs. Go to Source Powered by WPeMatico
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Gold bug Peter Schiff gives Bitcoin permission to hit $100K
“While a temporary move up to $100K is possible, a permanent move down to zero is inevitable,” Schiff said on Twitter. Go to Source Powered by WPeMatico
Microstrategy to Sell $600 Million Worth of Convertible Notes to Buy More Bitcoin
The publicly listed company Microstrategy announced that it has plans to purchase more bitcoin after acquiring 71,079 bitcoin during the last six months. On Tuesday, Microstrategy revealed its plans to sell $600 million in convertible senior notes to qualified institutional buyers in order to use the funds for bitcoin. Selling Convertible Notes for Bitcoin At … Read more
Kim Dotcom Publishes a Website That Highlights the Benefits of Bitcoin Cash
On February 12, the founder of the now-defunct file-sharing website Megaupload and cryptocurrency proponent, Kim Dotcom tweeted about a new website he created that shows the upside of bitcoin cash. The web portal whybitcoincash.com highlights why people should join the digital money revolution and how “cryptocurrencies stand to transform the way business and individuals exchange … Read more
Bitcoin’s Rapid Increase Should Compel Crypto Investors to Own Gold, Says Top Miner
Sandeep Biswas, chief executive officer of Newcrest Mining, one of the world’s biggest gold miners, has said that the sharp increase in bitcoin prices should compel crypto investors to hold gold as a safe-haven asset. In a Feb. 11 interview with Bloomberg TV, Biswas criticized bitcoin’s (BTC) volatility while flouting gold’s credentials as a time-tested … Read more
Crypto investors should consider buying gold, Newcrest Mining CEO says
Gold should help crypto investors hedge against the risks of highly unstable prices of cryptos like Bitcoin, the CEO of Newcrest Mining said. Go to Source Powered by WPeMatico
Hedge or cyclical? Eternal debate on Bitcoin’s status sees a new twist
Crypto might not be a great hedge in the strict traditional sense, but it can guard investors against policy and currency risks. Go to Source Powered by WPeMatico
Report: Bitcoin Overtakes Gold in the U.S. as the 4th Most Popular Investment Vehicle
Research by Bitflyer released today indicates the growing popularity of the cryptocurrency as an American household investment option. But not in Japan. Stocks Remain the #1 Investment Vehicle Bitflyer, a Japanese crypto exchange, released a research paper that dives into cryptocurrency sentiment and investment trends in the U.S. and compares them to the Japanese market. … Read more
Bloomberg’s Mike McGlone says BTC could be headed to $50K as gold loses appeal
The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024. Go to Source Powered by WPeMatico
Polish crypto exchange employee in induced coma after armed attack
On Jan. 22, an attacker shot two employees at a cryptocurrency and gold exchange in the Polish city of Olsztyn, escaping with over $120,000 in gold. Go to Source Powered by WPeMatico