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Bitcoin’s price continues to move northbound, as the crypto asset’s value has touched another all-time high (ATH) this week reaching $41,970 per coin on Friday morning (EST). The digital asset bitcoin is now the 7th most valuable asset worldwide with an overall market valuation of around $778 billion today. Cryptocurrencies across the world have seen … Read more
As Bitcoin price topped $40,000 it became more valuable than a 20oz block of gold. Go to Source Powered by WPeMatico
Ethereum’s recent gains saw it join Bitcoin on an exclusive list among the world’s biggest movers and shakers. Go to Source Powered by WPeMatico
The publication explores whether Bitcoin will become the new gold standard. Go to Source Powered by WPeMatico
Strategists at the American megabank believe the cryptocurrency has a chance to hit $146,000 in future years if it can evolve into a compelling alternative to gold. Go to Source Powered by WPeMatico
BTC has hit another milestone, this time against gold bullion, the world’s oldest reserve asset. Go to Source Powered by WPeMatico
Dennis Gartman is still not convinced that Bitcoin won’t go to zero. Go to Source Powered by WPeMatico
Christopher Wood, the global head of equity at Jefferies, a global financial services company, says the firm will reduce exposure to gold in favor of bitcoin. He adds that there are plans to increase the crypto component of Jefferies’ long-only global portfolio for U.S. dollar-denominated pension fund if and when the bitcoin price drops from … Read more
Institutions need to keep buying to avoid a price drop, JPMorgan analysts say, but the outlook is rosy and will come at the expense of gold. Go to Source Powered by WPeMatico
Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover the rising cost of spending to … Read more