The impact of COVID-19, better known as the coronavirus, has finally started to hit financial markets in a big way, but crypto has remained relatively stable for the normally volatile asset class. It’s caused the stock market to tank, but safe-haven assets like gold to surge. But what might this mean for Bitcoin and the…
Bitcoin has blindsided bankers and brokers alike, due to its ability to bring substantial and unheard of returns on investments made in the new, emerging financial technology. It’s been compared to a number of other financial assets, including tech stocks, and has been positioned as the digital version of gold. However, returns made on other…
Bitcoin has been pitched as, and has the potential to be a lot of things: a global crypto currency; a store of value; and digital gold. However, as one of the world’s most prominent precious metal-focused investment firms drops crypto as a whole, Bitcoin’s positioning as digital gold may be in trouble. Goldmoney Drops Crypto,…
A recent report in the Wall Street Journal details how Bitcoin is becoming an increasingly mainstream asset and is starting to develop strong correlations with traditional assets, including Gold. The report cites the increase in institutional funding, increasing venture capitalist (VC) investments, and growing mainstream adoption as possible factors behind its increasing correlation with traditional markets. Despite…
Crypto’s most fervent crusaders have sought to keep their heads up in this drastic, bone-crushing bear market. While optimism has often taken the form of the “institutional herd is coming” narrative, a number of Bitcoin (BTC) natives have begun to revisit the asset’s underlying value proposition. And no, in their eyes, BTC isn’t digital cash.…
Throughout 2019, Bitcoin and gold became highly correlated, rising and falling in value at or around the same time, and further fueling the Bitcoin as a safe haven narrative. Even now, the two assets are showing similarities in their price charts that suggests they are still correlated in some way, and gold could soon be…
During times of economic distress, the shiny chemical element, commodity, and precious metal known as gold, is often looked to by investors seeking to place capital in a safe haven “hedge” against falling fiat values, and in the face of uncertainty surrounding traditional markets such as real estate or the stock market. Bitcoin shares many…
Bitcoin has often been referred to as ‘digital gold’, even more so in recent times when economic woes have been driving investors to safer havens. Industry experts have been weighing in with their own take on the narrative and BTC’s status as a store of value. Is Bitcoin Digital Gold? According to a report from…
Bitcoin had an amazing past decade by every definition of the word. The price of the cryptocurrency surged by literal millions of percent since its birth in 2009, some of the world’s most important people — Elon Musk included(!) — gave a nod to the cryptocurrency, and the broader industry began a mainstream technological trend.Related…
Since Bitcoin (BTC) seemingly lost its value proposition as a form of digital cash, investors have searched high and low, doing their utmost best to determine what defines the world-renowned cryptocurrency. While the search hasn’t produced any definitive results or conclusions, a discussion has begun to mount regarding Bitcoin’s status as the second coming of gold,…