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How Investors Are Presented With Bitcoin: ‘A New Decentralized Monetary Asset, Akin to Gold’

Bitcoin (BTC) is a compelling investment case “for patient, long-term investors” willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes.The crypto entrepreneur places BTC besides gold, as a go-to store of value, amid unprecedented stimulus spending by

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Bitcoin Downplays S&P 500 Correlation, Hits $9.7K as Gold Rise

Bitcoin closed above $9,700 in hopes to wipe out its pre-halving crash amidst growing risk-off demand.The cryptocurrency broke its short-term correlation with the S&P 500 after the Federal Reserve gave a grim economic outlook.Instead, the BTC/USD exchange rate surged alongside its safe-haven rival Gold.Bitcoin extended gains a day after downplaying

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Celsius Targets New Users With Tokenized Gold and Commodities

In an exclusive interview with Cryptox, Alex Mashinsky, the chief executive of decentralized finance, or DeFi, platform Celsius, and an inventor of the voice-over-internet-protocol, or VOIP, discussed the platform’s recent introduction of support for Tether Gold, or XAUT.Mashinksy described its support for tokenized gold as offering a bridge for users

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