October 2020 has been an absolute action-packed month for Bitcoin investors. The rally continued ahead in the first week of November as the BTC price reached close to $16,000 levels hitting a new 2020 high. Citing recent data from JPMorgan, Grayscale managing director Michael Sonnenshein said that Bitcoin clearly overshadows the demand for Gold ETFs.
Bitcoin’s inherent value-proposition remains so strong that even big players of the market are considering to dump traditional assets for Bitcoin (BTC). Popular market investor Raoul Pal has doubled-down on his Bitcoin bet calling BTC as the “supermassive blockhole”. In his latest comments, Pal suggests that Bitcoin will continue to distance instance from traditional assets
Over the last few months, global investors have been largely celebrating their gains in the U.S. stock market. The tech sector has outperformed the indices, especially some of the top tech companies like Amazon, Apple, Alphabet, Microsoft, etc. However, when compared to the top-three indexes in the U.S. stock market, Bitcoin overwhelmingly outclasses them in
Crypto analyst Gabor Gurbacs, director at VanEck compares Bitcoin (BTC) to gold stating the top crypto could be headed to a trillion-dollar market capitalization in the near future even without reaching the “mass adoption” numbers publicized over the past few years. In the past few weeks, the price of Bitcoin has been on a steady
The past three months of the year have been a rollercoaster ride across the world as the COVID-19 pandemic set the global assets and economies at a standstill or regressing pattern. Assets across the board including stocks, gold and Bitcoin (BTC) have suffered during this time setting record volatility levels across the month of March.
The world of finances has been hit hard in the last week. All major markets are in the red. That is, including our beloved Bitcoin. This has week-long ignited fears of a financial crisis. But during this bear phase, one asset has been performing well, gold. Gold and a number of other metals have been
The decade has started off rather slow for Bitcoin (BTC) as price dropped over $300 USD in the past 24 hours to trade at $6,990 USD, as at time of writing. The shocking performance of BTC signals a possible test of key support level at $6,400 USD before a possible reversal happening. ‘Worst performing asset
Bitcoin (BTC) and gold enthusiasts have been against each other on which is a better long term store of value for the past decade or so. The constant wrangles between gold’s low volatility and BTC appreciation in price is a never ending debate but as per data collected through the year the prices of the two
Bitcoin and gold have been compared for a long time. A new poll initiated by former Congressman of Texas, Ron Paul has revealed that Bitcoin has become people’s favorite investment option for long-term investment. Only 33% Will Consider Gold for Long Term- Holding Ron Paul initiated a poll on Twitter asking people what they would
The New York Federal Reserve announces an increase in the temporary overnight repo operations from $75 billion to $120 billion a day. Another $10 billion increase is announced for term repo operations. While the Fed Chairman ascertains that this is not ‘quantitative easing’ but organic growth measures, experts are growing increasingly apprehensive of another recession. Sven
Down over 81% from its ATH, Bitcoin is currently trading at $3,638 eToro analyst, Mati Greenspan says, no correlation between bitcoin and gold, USD, and the stock market this year Meanwhile, US govt. shutdown to put greater damage on its economy while China’s central bank injects biggest-ever daily net cash into banking system due to