Gold

At the present time, bitcoin is suffering like it never has before. The world’s number one digital currency by market cap has fallen into oblivion after trading at its highest level of approximately $64,000 per unit in April. It is now currently selling for about $37,000 per unit. Many analysts, it seems, are beginning to write the currency off, but according to former U.S. Treasury Secretary Lawrence Summers, bitcoin and other cryptocurrencies could very well live up to...

Over the past year, we have heard that bitcoin is a necessary ingredient of a successful portfolio. That so many hedge funds, wealth managers and other individuals and firms in charge of handling customers’ money are working hard to give them access to crypto, and that anywhere between one and three percent should be allocated to bitcoin. However, according to Societe Generale, this is not quite true. Societe Generale Thinks Gold Is Stronger Than BTC Whether these firms...

Value investor Bill Miller seems to believe that this present bull run for bitcoin is way different than the one that occurred in 2017. Bill Miller: BTC Is About to Go Mainstream In a recent interview, Miller viewed what is happening right now as an immediate door to mainstream territory for bitcoin. He pointed to the fact that the world’s number one digital currency by market cap has already rallied by more than 90 percent since the beginning of the year. He also states...

Bitcoin and cryptocurrencies are becoming more popular than ever, and now a company known as Unifi Money is set to offer what it is calling the Unifi Premier, a new credit card that will reward its users in gold, stocks and digital assets. Unifi Premier Is a New Kind of Crypto Card While not all the details regarding the rewards program are known at this time, Ben Soppitt – the CEO and founder of the company and the respective card – says that users are likely to be...

There is a new cryptocurrency being added to the mix. Known as DIGau, the currency will be tied to physical gold, meaning that it has the support of something many investors consider a set deal and a store of wealth, which qualifies it as a stable coin. The coin is coming our way through the efforts of a New York City real estate mogul named Kent Swig. Kent Swig Sees Cryptocurrency in a Whole New Light There are cryptocurrencies being added to the digital industry on a...

According to a new report, mining for gold is a lot less expensive than mining for bitcoin. Mining for Gold Is More Economical Over the past several months, as bitcoin has exploded in price (it’s currently trading for well over $58,000 per unit), several environmentalists and crypto bashers have taken to arguing that the mining process behind cryptocurrency and bitcoin is dangerous for the planet. They’re convinced that the ongoing extraction of new coins is going to...

Despite dumping by nearly $10,000 in a few days, bitcoin’s price has still increased by about 80% in the first quarter of the new year. This makes it the best-performing Q1 in eight years, and history shows that it could propel an even more impressive Q2.BTC’s Best Q1 in Eight YearsThe primary cryptocurrency entered the new year at around $29,000. It didn’t take long to reaffirm its bull run and overcome several round-numbered milestones such as $30,000, $40,000, $50,000, and just a few weeks...

Imagine a world where bitcoin and cryptocurrency just completely took over. There are no more standard financial investment tools, and things like stocks and bonds cease to exist. The entire world is based on cryptocurrency, and everything is paid for in bitcoin. While it may be many years until we reach a society like this, Cathie Wood of ARK Invest thinks we’re heading in that direction. Cathie Wood: BTC Will Replace Bonds In a recent interview, the monetary executive...

Ray Dalio is calling bitcoin “one hell of an invention.”Ray Dalio Wants to Offer Crypto to New FundsTraders from all over the world have fallen for the world’s number one digital currency by market cap. While the asset has recently lost about $10,000 off its price, the currency ultimately hit the $40,000 mark in early January, striking a new all-time high for itself, and as a result, Wall Street traders, institutions and some of the biggest financial players around are looking at bitcoin...

The price of bitcoin has been shooting up over these past few months. At press time, the currency is trading for well over $30,000, though it has fallen about $2,000 from its recent all-time high of about $33,000, and for analysts of JPMorgan, this is probably good news.JPMorgan: A Six-Figure Price for Bitcoin Would Be Hard to HandleThe financial company has recently produced a report suggesting that if bitcoin were to strike six-figure territory, this wouldn’t be a good thing. Doesn’t that...