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Enjoying a stronger negative correlation with the U.S. dollar than gold, Bitcoin may start to present a more attractive alternative to both in the eyes of the investors. Go to Source Powered by WPeMatico
Schiff makes some controversial assertions about gold’s prowess as mainstream interest in both gold and Bitcoin surges. Go to Source Powered by WPeMatico
Max Keiser has predicted that bitcoin’s current bullish pattern will lead toward a price of $28,000. While the bitcoin bull does not give a timeframe when this is likely to happen, he believes that, thanks to relentless government money printing, the benchmark cryptocurrency will eventually test $100,000. But not before some correction. “$28,000 is in … Read more
Bitcoin has the ability to replace gold as a safe haven for investors as the world turns digital, says Nigel Green. Go to Source Powered by WPeMatico
The cryptocurrency economy has spiked significantly on July 26 into the overnight trading sessions capturing over $300 billion in value. Bitcoin is trading above the $10,360 zone while ethereum is swapping for $321 per coin. Meanwhile, the precious metals gold and silver have seen incredible gains as well on Monday. The Crypto Economy Surpasses $300 … Read more
The price of gold and Tether’s XAUT rallied to more than $1,900 today, a value not seen since September 2011. Go to Source Powered by WPeMatico
The digital currency economy is steadily approaching a $300 billion market capitalization, as a great number of coins have been seeing decent gains. Bitcoin touched a high of $10,135 on July 26, during the early morning trading sessions, but ethereum is outpacing the top crypto measured by market valuation. At the time of writing, the … Read more
Despite the benefits of crypto being in the hands of the few, the current crisis may be a harbinger of change. Go to Source Powered by WPeMatico
The world is headed for special drawing rights with gold participating, but not a return to the gold standard, the trader says. Go to Source Powered by WPeMatico
The world’s bureaucrats have been on a money creation spree and on July 21, the European Union approved an unprecedented $2.1 trillion coronavirus relief budget. Additionally, American leaders are in the midst of approving a new stimulus relief act amid July’s unemployment extension benefits expiring. Reports say that the estimated $3 trillion HEROES Act will … Read more