Bitcoin an Option, as Dennis Gartman Says He’s Exiting ‘Crowded’ Gold Market

Bitcoin an Option, as Dennis Gartman Says He's Exiting "Crowded" Gold MarketGold bull Dennis Gartman is moving out of gold because the market has become “too crowded.” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775. “Too many people all of a sudden are involved in the […]

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Bitcoin as a Safe Haven in Troubled Times

The developing global economic crisis, deepened by months of industry on hold on account of the global COVID-19 pandemic, brings fresh impetus to the discussion of wealth protection. Under immediate threat is the current global standard of national fiat money, with quantitative easing measures creating even more inflationary pressure on traditional monetary systems. As investors desperately seek to preserve the value of their wealth, and with traditional gold becoming scarce and difficult to obtain and secure, alternatives like Bitcoin and other digital commodities are once more thrust into the spotlight as potential safe-haven assets. Failure of Cash The year 2009

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Digital Gold: Bitcoin Poised as Newest Safe Haven Asset in 2020

The Merkle Bitcoin Digital GoldA new report reveals that bitcoin is quickly accelerating to become the safe-haven asset of digital currency markets. Since the advent of bitcoin, following the massive economic crumble in 2008- cryptocurrencies have offered a viable solution to many of the issues the global financial world’s fiat falls prey to.  Or at least that’s what inventor Satoshi Nakamoto proposed. Many believe that Nakamoto endeavored to create a currency that wouldn’t be subject to wildly nilly inflation and quantitative easing that will quickly lead to deflationary devastation on Main Street. A pseudo-anonymous public ledger, that’s fully secure, decentralized, and global. Removing many

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Singapore Allows Crypto Companies to Operate Without a License for 6 Months

Singapore Allows Crypto Companies to Operate Without a License for 6 MonthsThe Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex. Also read: 2x Bitcoin — Wanna Double Your […]

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US Cash Crisis: Withdrawal Limits Spark Bank Run Fear

US Cash Crisis: Withdrawal Limits Spark Bank Run FearThe entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite has been trying to withdraw $30-50K per person as they flee […]

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