Cryptocurrency Analysis and News Portal
Quick take:Bitcoin replacing gold is occurring at a fast rate as investors divert funds ‘to where it is treated best’Gold still maintains its place in jewelry and coin collections, but Bitcoin is replacing it as a store of valueBTC’s volatility and ETF flows indicate that Bitcoin is in the early
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Quick summary:Bitcoin is replacing gold in investment portfolios is acceleratingBitcoin has gained legitimacy with declining volatility and is increasingly becoming a global digital store of value$100k is the logical next threshold for BitcoinShort-term, Bitcoin could dip to $42kdue to a weakening stock marketThe team at Bloomberg has released their monthly
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The high-profile additions come as Coinbase reportedly eyes a public offering. Source
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