There is a growing trend across the world for nations to stock up on reserves of assets as a hedge against fiat and influences beyond their control. Gold is the standard but Bitcoin is rapidly catching up and one nation now has reportedly more BTC than their gold reserves. As further investigation reveals, however, this…
Both Bitcoin (BTC) and gold have once again been caught in the throes of volatility that have allowed them to form fresh levels of support and resistance that will likely continue to hold strong in the near-future. Despite this volatility, Bitcoin is still in a firm bull market, and analysts are now noting that gold…
Bitcoin’s revival is considered to be Facebook’s Libra doing. The social media’s giant sudden foray into the cryptocurrency industry gave bitcoin, as many believe, a perfect reason to grow its valuation. That is until one considers a simultaneous price rally that took place in the gold market. Bitcoin’s rise above the $13,000 level has only…
In recent weeks, the trade war between the Trump administration and China has been heating up, and fueling concerns that the global economy is on thin ice. The fears have caused a massive inflow of capital into gold and Bitcoin markets due to their scarcity and potential use as an economic hedge. The two markets…
Space might be the final frontier, but it also might end up being the final showdown between crypto asset Bitcoin and the precious metal and chemical element known as gold. In a wild story that sounds like it was ripped from the pages of science fiction novels, NASA is planning a space mission to an…
CEO of Euro Pacific Capital and chairman of SchiffGold, Peter Schiff, has once again provided critique of Bitcoin. The self-proclaimed gold bug used the opportunity presented by today’s downswing in Bitcoin price to argue his favourite yellow metal’s superiority over the digital currency. However, in his critique, Schiff seems to forget one crucial thing –…
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…
The bitcoin market capitalization on Tuesday skyrocketed above $200 billion for the first time since January 2018. The price of the world’s first and foremost cryptocurrency surged from $4,092 to as high as $11,470 in just less than three months. Earlier before, bitcoin has dipped as low as $3,404 during the first quarter of 2019,…
Over the weekend, Bitcoin price yet again shocked the crypto market and breached the important psychological resistance at $10,000, and soon after tested above $11,000 before a pair of violent rejections below. With the price level acting as such an important “FOMO” trigger, one crypto analyst says that $16,000 is coming “fast,” and if Bitcoin…
Bitcoin has drawn many comparisons to Gold, and is often referred to as the digital version of the precious metal and commodity due to its scarcity, potential as an economic hedge, and use as a store of value, among many others similarities the crypto asset and Gold share. Amidst increased trade tensions and a looming…