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Bitcoin achieved yet another record high in a price rally that has already seen it surging by more than 1,100 percent from its March lows last year. Incidentally, gold, which many consider Bitcoin’s top safe-haven rival, painted a death cross pattern on its daily chart. A recent run-up in the long-dated
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2020 was the year of the digital gold narrative amid a pandemic and unprecedented money printing. In 2021, only Bitcoin matters and comparing it to gold at this point is selling the coin short. Now is the age of cryptocurrency, and no comparison shows that better than the two charts you
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Is Bitcoin digital gold? In this episode of ‘On Purpose, With Tyrone Ross’, we dig into bitcoin narratives as financial advisors see them and explore the concept of bitcoin as a store of value.“Saying ‘Internet Money’… What else in my portfolio is like Internet Money? Hmmm….” said independent investment advisor
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I won’t do that again. Money Reimagined goes on break for three weeks, and what happens? Bitcoin soars 82%. More than 54,000 Americans die of COVID-19. And, oh yeah, an insurrection happens in Washington, D.C.On the second, the numbers speak for themselves: a heartbreaking failure of human organization. On the third,
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While Bitcoin has enjoyed a high level of acceptance both from investors as well as recognition from the mainstream media, many gold proponents believe its meteoric rise is a bubble.Bitcoin (BTC) price continued the bullish rally which it began towards the end of 2020, on Friday as it recorded a
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Bitcoin price claimed another all-time high on Friday, this time against gold, offering further confirmation that demand for digital assets is on the rise. As Bitcoin (BTC) zipped past $29,000 on Friday, the digital currency reached a high of 15.40 gold ounces, surpassing the previous peak from December 2017, according to MarketWatch
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Bitcoin is well above its former record, thanks in part to the digital gold narrative taking hold in
Read MorePAX Gold (PAXG) is an ERC-20 token (meaning it is compatible with the Ethereum blockchain and other networks that are based on Ethereum) that is pegged to one troy ounce of a 400-ounce London Gold Delivery gold bar. Holders of PAXG tokens actually own the underlying asset, which is held
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A U.K.-based investment manager has added Bitcoin (BTC) to its portfolio, underscoring the ongoing institutional shift towards digital assets.Ruffer Investment Company Limited, an investment manager with shares listed on the London Stock Exchange, has disclosed its new Bitcoin strategy. In a performance update and manager comment posted on Tuesday, Ruffer
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Earlier this week, JPMorgan published a global markets strategy note that points out that money has flowed out of gold and into bitcoin since October, and predicts that this trend will continue over the medium to longer term.The easy conclusion is that investors are finally understanding that bitcoin is a
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