Tag: gold

Bitcoin Gold Price Technical Analysis BTG USD

Investors are Selling Gold to Invest in Bitcoin, Key to Multi Trillion Dollar Market Cap No Comments

According to ACG Analytics US macro strategy head Larry McDonald, investors have begun to sell gold to invest in bitcoin through the newly launched bitcoin futures exchange of the Chicago Board Options Exchange (CBOE). Bitcoin is Penetrating into the Gold Market Since September, the value of gold miners ETF (GDX), the largest gold exchange-traded fund (ETF) in the market, has fallen by nearly 15...


JP Morgan: Bitcoin Futures Likely to Lend Legitimacy to Bitcoin as a Store of Value No Comments

In a surprising development for the international holding company, JP Morgan have announced that Bitcoin could be on the verge of turning into a more traditional asset class. Analyst Nikolaos Panigirtzoglou at the financial powerhouse told the Telegraph that the CBOE Global Markets and CME Group proposals to offer Bitcoin futures...  ... has the potential to elevate cryptocurrencies to an emergi...


Billionaire Investor Peter Thiel: Bitcoin’s Great Potential is Underestimated No Comments

Peter Thiel, a prominent venture capitalist and investor with a net worth of $2.6 billion, believes the “great potential” of bitcoin is being “underestimated.” Thiel: Bitcoin is Better Than Gold At the Future Investment Initiative in Riyadh, Saudi Arabia, Thiel compared bitcoin to gold, describing it as a robust store of value that could replace traditional assets, currencies, and stores...


NewsBTC Goldman Sachs Bitcoin Investing

Goldman Sachs Warns Investors Crypto Is Not Gold No Comments

In a recent address, Goldman Sachs has advised clients to beware of cryptocurrency. Instead, the investment banking juggernaut favours precious metals as part of a balanced portfolio: The use of precious metals is not a historical accident – they are still the best long-term store of value out of the known elements. The note issued to investors this week detailed the differences between the tw...


Wall Street Analyst: Strong Case For Bitcoin Price Achieving $25,000 by 2022 No Comments

Tom Lee, a highly regarded Wall Street analyst and the co-founder of Fundstrat, believes the Bitcoin price would achieve $25,000 in the next five years, by 2022. Short-Term Price Trend of Bitcoin: At Least $6,000 by Mid-2018 In the short-term, by mid-2018, Lee explained that the price of Bitcoin would surpass the $6,000, based on the Metcalfe’s law. “If you build a very simple model valuin...


Goldman Sachs Still Advises People to buy Gold Over Bitcoin No Comments

The financial sector has no love lost for Bitcoin and cryptocurrency. Especially major financial players are trying to keep people away from BTC right now. Goldman Sachs is one of those entities still on the fence about cryptocurrencies. For now, the bank still advises investors to buy gold over Bitcoin. An interesting stance, considering Bitcoin is worth four times as much. The recent Bitcoin ...


Banks like Goldman Sachs are Recognizing Bitcoin as a Safe Haven Asset No Comments

Goldman Sachs analysts including Jeffrey Currie and Michael Hinds have compared Bitcoin to gold, and the relevance of Bitcoin as a safe haven asset in the global economy. Demand For Bitcoin as Safe Haven Asset is Increasing Over the past two years, the demand for Bitcoin has increased at an exponential rate, as the market cap of Bitcoin surpassed that of leading financnail institutions such as G...


Robert Shiller: “Bitcoin is a Fad” but “I’ll take Bitcoin” No Comments

Nobel Prize-winning economist Robert Shiller appeared on CNBC's "Closing Bell" earlier today. During the interview he commented on the "strange enthusiasm" people seem to have for Bitcoin but ultimately sums up the cryptocurrency up as a "fad", comparing it to the phenomena of bimetallism. For those unaware, bimetallism refers to a trend that occurred in the late nineteenth century. People bega...


GoldMint

GoldMint Onboards Advisors Daniel Kottke and Leonid Boguslavsky as Charlie Shrem Continues to Guide the Development No Comments

An innovative platform, GoldMint that operates gold-backed cryptoassets has launched its ICO on September 20, 2017, and has already raised $4.5 mln. This project aims to provide a unique set of gold ownership solutions for cryptocurrency investors and enthusiasts worldwide. To realize this project, the developers are expanding the team to include more experienced individuals. Charlie Shrem is ...


Darico, cryptocurrency, press release

DARICO – a Unique Asset Based Cryptocurrency in the Market No Comments

Darico, an exclusive asset-backed cryptocurrency blends the profitability of the best reserves of Bitcoin and Gold. This is going to be the first digital currency having benefits of Bitcoin’s growth potential, peace of mind and security offered by gold, in a single package. The team, aimed to develop an entirely new investment ecosystem, will soon announce the launch of the crowdsale. Darico ...


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