After record strength in the Bitcoin markets at the end of July, Kraken is predicting that BTC could see price gains of up to 200% over the coming weeks and months.
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Category: Safe haven
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Bitcoin an Option, as Dennis Gartman Says He’s Exiting ‘Crowded’ Gold Market
Gold 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 […]
The post Bitcoin an Option, as Dennis Gartman Says He’s Exiting ‘Crowded’ Gold Market appeared first on Bitcoin News.
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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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Goldman Sachs to Host Conference Call on Crisis, Crypto, and Inflation
Goldman Sachs will soon host a conference call discussing the impacts of the current economic crisis on Bitcoin, gold, and inflation.
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Digital Gold: Bitcoin Poised as Newest Safe Haven Asset in 2020
A 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
The post Digital Gold: Bitcoin Poised as Newest Safe Haven Asset in 2020 appeared first on The Merkle News.
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Cryptocurrency and COVID-19: Bitcoin’s Path to a Safe Haven
In the time of a global crisis caused by the coronavirus, Bitcoin has the potential to be the best option for a trusted financial instrument
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Crypto Bank Pioneer Wants Greater Transparency Across the Industry
The Wall Street veteran warns that the rise of stablecoins is distributing ‘IOUs’ throughout the digital asset sector
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Bitcoin Could Become Like ‘Prison Cigarettes’ Amid Deepening Financial Crisis
Economist John Vaz believes economic mismanagement could lead to Bitcoin acting as a money commodity akin to cigarettes in prisons
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Singapore Allows Crypto Companies to Operate Without a License for 6 Months
The 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 […]
The post Singapore Allows Crypto Companies to Operate Without a License for 6 Months appeared first on Bitcoin News.
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Bitcoin Is Half-Priced ‘Hurricane Insurance,’ Says Crypto Fund Manager
At the current price levels, the Ikigai CIO believes that buying BTC like purchasing half-priced “hurricane insurance
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