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
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Biden rejects Bitcoin-sized COVID-19 rescue plan as money printers prime for action
The president’s refusal to budge on a $1.9 trillion COVID-19 relief bill will have knock-on effects for Bitcoin, as the money printers look set for action once more. Go to Source Powered by WPeMatico
Tokenized agriculture could provide economic relief to Argentine farmers
Blockchain proponents claim that agricultural asset-backed tokens would make it easier for farmers in Argentina to attract investment and access liquidity amid a nationwide economic crisis. Go to Source Powered by WPeMatico
Survey: The Number of US Financial Advisors Allocating to Crypto in Client Portfolios Jumped 49% in 2020
A survey reveals that the number of U.S. financial advisors allocating to crypto in their clients’ portfolios surged significantly from 2019. The figures show that it rose 49% in 2020, from 6.3% to 9.4%. A Vast Majority of the Advisors Also Have Personal Crypto Investments According to the San Francisco-based asset management firm Bitwise, 58% … Read more
Amid inflation woes, Turkey announces CBDC tests planned for 2021
While the announcement came as a surprise to some, a digital Lira has been in the works since 2019 Go to Source Powered by WPeMatico
Real Estate Billionaire Sam Zell Skeptical of Bitcoin but Says ‘It May Be the Answer or One of the Answers’
The founder and chairman of Equity Group Investments Sam Zell says he is sceptical of bitcoin but concedes that it may be part of the solution. In particular, the billionaire and real estate magnate thinks the bitcoin community is composed of many individuals that he is not fond of. Fast Talking Characters In remarks made … Read more
21M Bitcoin and the Promise of Scarcity
In Bitcoin, the promise of a limited supply is great. This was one of the biggest things that initially appealed to me when I heard about Bitcoin. “No more than twenty one million bitcoins will ever exist!” But can this promise be kept in the long run? Has the Promise Already Been Broken? Some would … Read more
Bitcoin the third ‘most crowded trade’ in global fund manager survey
Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients. Go to Source Powered by WPeMatico
Peter Schiff Blames Government for the Massive Dollar Depreciation — Still Refuses to Accept BTC is Digital Gold
Gold bug and bitcoin opponent Peter Schiff says the U.S. government’s actions in the past 78 years are partly responsible for the massive depreciation of the U.S. dollar. Using a medical bill from 1942 to illustrate the extent of the dollar’s decline, Schiff says the $70 paid to foot hospital expenses that year was equal … Read more
‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains too volatile,” and he believes the supply cap of 21 million will someday “severely hinder its future … Read more
