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Federal Reserve Chairman Jerome Powell will speak about inflation on Thursday, strategists predict. Higher inflation rates could lead gold prices higher, but the markets are not expecting significant changes. Analysts suggest unless the Fed significantly alters its policies, the precious metal might remain stagnant. On August 27, Federal Reserve Chairman Jerome Powell will
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Bitcoin’s multi-month consolidation phase has caused its correlation with other assets to degrade, leaving investors to question where it might trend next.One analyst is now floating the possibility that the cryptocurrency’s price is currently lagging just behind that of gold.He points to a potential accumulation pattern that could confirm this
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In summary:Big money in the form of hedge funds, university endowments and pension funds are ready to invest in Bitcoin.However, these institutions have governing charters that prevent them from investing in crypto directly. Investment products pegged to BTC provide an avenue for these institutions to access Bitcoin. Bitcoin need only capture 33%
Read MoreAmid unstable global financial conditions, Bitcoin continues its path as a juicy-looking hedge asset, based on its gains comparative to gold. Sitting at a press time price of $1,717 per ounce, gold has risen approximately 12% from the start of 2020, TradingView data showed. In the same time frame, Bitcoin boasts
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Bitcoin (BTC) hitting almost $9,500 on April 30 was a boon for cryptocurrency investors — but gold bugs were left holding the buck.As BTC/USD climbed to eight-week highs on Wednesday, the pair’s already handsome year-to-date returns began outshining its last major competitor — gold.Schiff blames speculators as BTC launchesAs Cointelegraph
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Gold came within $5 of a new seven-year high, gaining 0.7% on the day. Bullion is rallying on renewed haven demand as investors assess the economic blow back of coronavirus. Citigroup is calling for $2,000/oz. gold in the next 12 to 24 months. The price of gold was approaching
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Over the past few weeks, the price of gold has begun to pick up steam, surging by $35, some 2.5%, in the past three days. In the past four weeks, since the start of December, the asset has gained 4%.While this Santa Claus rally has already brought the price of
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Bitcoin (BTC) gained fresh rare support from mainstream media on Dec. 20 after CNBC entertained the idea of a $250,000 in the coming years. In an episode of the network’s Fast Money segment, several well-known Bitcoin bulls collaborated to present a buoyant picture of the cryptocurrency’s future. Kelly sympathizes with Draper’s
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Bobby Lee thinks that Bitcoin price will reach $500,000 and its market capitalization will hit $8 trillion by 2028.Topmost cryptocurrency expert and co-founder of top cryptocurrency exchange BTCC Bobby Lee made some bullish predictions for Bitcoin in the mid-term to long-term sources indicate. Lee made this known via a couple
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