Cryptocurrency Analysis and News Portal
Quick take:Microstrategy CEO, Michael Saylor, has compared Bitcoin to a dragon that will eventually eat the Kingdom of GoldHis comments were in response to the CIO of BlackRock, talking about Bitcoin eventually replacing Gold as a store of value and a choice of investment amongst MillenialsBitcoin devouring Gold’s market cap
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Rick Rieder, CIO of Fixed Income at investment giant BlackRock, told CNBC that bitcoin and cryptocurrency are "here to stay." Source
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Bitcoin and Ethereum are rarely compared beyond when discussing market structures and price trends, with their underlying fundamental
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Bitcoin’s appeal as an alternative store of value asset is strengthening, according to analysts at Germany-based investment bank Deutsche Bank. “There seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation, and other things,” Jim Reid, managing director, head of
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Bitcoin is often called digital gold, much to the dismay of gold bugs like Peter Schiff. Unfortunately for
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MicroStrategy’s headline-grabbing bitcoin bet was a rational response to a macroeconomy in chaos, said Chief Executive Michael Saylor.Appearing Tuesday at CryptoX’s Bitcoin for Advisors virtual conference, Saylor shed new light on one of this year’s biggest cryptocurrency stories: his software company’s recent purchases of $425 million in bitcoin. That surprise September
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In a research report by JPMorgan’s global markets team, analysts noted that Grayscale Bitcoin Trust’s flow trajectory outperformed gold exchange traded funds. Source
Read MoreEarlier this week, Bitcoin (BTC) advocate and Real Vision CEO Raoul Pal said gold is breaking down against BTC. If the dominant cryptocurrency continues to gain momentum against BTC, it could strengthen its perception as a store of value.In the past month, the price of Bitcoin gained 30.36% against the U.S. dollar,
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Bitcoin has proven itself to be a risk asset, not a safe haven, with “considerable” potential upside, according to a Friday note from JPMorgan’s Global Quantitative and Derivatives Strategy team obtained by CryptoX.Writing to clients in “Flows & Liquidity,” one of JPMorgan’s flagship publications, the authors said that characterizing bitcoin
Read MoreThis morning, millionaire broker and noted Bitcoin skeptic Peter Schiff awoke to find his bank under renewed scrutiny due to an international criminal investigation. According to reporting from Australian newspaper The Age and The New York Times, the J5 -- a joint task force of tax authorities from major Western governments
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