Bitcoin’s correlation with Gold reached a record high at the heights of the US-Iran tensions earlier this year. As both the assets rose in tandem against the gloomy geopolitical sentiment, leading experts said the cryptocurrency is behaving like a safe-haven asset.But heading into the second week of February, bitcoin is shifting its bias to suit…
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…
Gold bug Peter Schiff continues his relentless attack on Bitcoin, claiming that price manipulation, not legitimate demand, was the real reason for the recent pump.However, community advocate, Jimmy Song, in a heated Twitter exchange, shuts Schiff down by accusing him of bitterness, having passed up on the opportunity of being an early adopter.Whenever Bitcoin price…
The spread of the deadly and highly contagious Coronavirus has kindled fear in the hearts of investors, as the global equities markets are now facing heightened recession risk as the death toll and potential economic impact of the virus grows at a rapid rate.The strength of the ongoing global selloff can be seen by the…
Peter Schiff, a libertarian proponent of gold and an asset manager, has long been a skeptic of Bitcoin and other digital currencies. In fact, Schiff has been around commenting on the cryptocurrency throughout multiple of its cycles.Related Reading: Research Firm: 3 Use Cases Could Send Bitcoin To $1 TrillionToday, on January 19th, he continued to assert…
Few assets are worth $1 trillion. Even still, analysts and investors in Bitcoin have long expected the market capitalization of the cryptocurrency to surmount the billions and enter the trillions.As crazy as this may sound, a prominent investment research firm, ARK Invest, in a recent report mentioned three somewhat feasible use cases that could push…
The correlation between gold and bitcoin has reached its highest levels since August 2016, according to a new study.Arcane Research, a cryptocurrency-focused data analysis firm, noted a steep direct proportionality between the two rival assets. In a report published on Friday, the firm mentioned that the correlation was “below zero just half a year ago”…
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 the metal above $1,500, where…
2019 has been quite the year for assets across the board — from Bitcoin and equities to gold and real estate, a majority of investments have made gains since January 1st.Related Reading: Here’s How Bitcoin Price Could Hit $20,000 By as Early as March: AnalystAn interesting trend to watch this year has been gold’s strong…
Trade tensions between the US and China appear to be easing as the two powerhouses come to agreement. The lifting of tariffs is good for economic stimulus but safe have assets such as gold are now starting to cool off, will Bitcoin follow suit? US China Trade War Over? Officials from both sides stated yesterday…