Wednesday , July 6 2022
Home / Tag Archives: Gold

Tag Archives: Gold

Bitcoin Drops Following Russia’s Invasion of Ukraine

It looks like Russia has invaded Ukraine. The announcement was made early this week and the results are a lot of fear hanging in the air and the price of bitcoin continuing to behave in a bearish manner. Bitcoin Incurs a Major Slip The currency was ultimately doing better than it had been in previous weeks. Bitcoin had shot up to $40,000+, and after traveling south during the final two months of 2021, it appeared that maybe 2022 was going to be the time for bitcoin to...

Read More »

Mike McGlone: Bitcoin Will Hit $100,000

The prices of many cryptocurrencies continue to suffer. Bitcoin, for example, has fallen by more than two percent since the beginning of last week. In addition, Ethereum has dropped by more than six percent, while BNB is down by more than seven percent. Could Bitcoin Hit a Six-Figure Number in 2022? Several analysts think that this is going to continue through the first portions of 2022. Many banks are beginning to talk about hiking interest rates and engaging in other...

Read More »

Ray Dalio Seems to Be a Big BTC Fan

Billionaire investor Ray Dalio says he’s uber impressed with bitcoin given it has been around for so long. The currency was first introduced in 2008 through a whitepaper and was mined for the first time in early 2009. Who would have known that a simple asset would become one of the most powerful financial tools in the world just a dozen years later? Ray Dalio: Bitcoin Has Come a Long Way In some recent interviews, Dalio said the following about bitcoin and its respective...

Read More »

A Single Gold Coin Purchased in 2011 Leads to a Bitcoin Fortune

A gold coin with a denomination of approximately 1,000 bitcoins was purchased in 2011. This is when bitcoin wasn’t trading for anywhere near the price it is at today. At the time, the coin was worth about $4,900. It stayed in a desk drawer for many years, ultimately forgotten about and lost to time. A Gold Coin and Bitcoin Fused Into a Special Asset However, now its owner – who wishes to remain anonymous – has pulled it out of that desk drawer and has had the currency...

Read More »

Investor Leon Cooperman Believes “Old” People Can’t Comprehend BTC

Leon Cooperman – a billionaire investor and the chairman of the Omega Investors – stated in a recent interview that anyone who doesn’t understand bitcoin is likely to be “old,” and that those who don’t trust it may take solace in gold, the world’s number one precious metal. Leon Cooperman – BTC May Not Be as Strong as Gold There has been an argument brewing for some time regarding which asset is better: bitcoin or gold. Many people often compare bitcoin with gold and...

Read More »

Robert Kiyosaki Is Building His BTC Portfolio as He Prepares for Possible Market Plunge

Robert Kiyosaki – the author of the bestselling book “Rich Dad, Poor Dad” – has said in a recent tweet that he is hoarding bitcoin, gold, and silver in anticipation of a major market crash that he predicts could come as early as the end of the year. Robert Kiyosaki On Why He’s Hoarding BTC Kiyosaki has established himself as a major financial guru over the past few years given his growing list of books which began with the “Rich Dad, Poor Dad” franchise. The first book...

Read More »

Ray Dalio Likes BTC, But He Likes Gold Even More

Billionaire investor Ray Dalio clearly has a soft spot in his heart for bitcoin, but when it comes to gold, it looks like that soft spot gets even bigger. In a recent interview, Dalio was quick to claim that bitcoin is like a digital version of gold, but he still values the real thing over its digital counterpart. Ray Dalio: Gold Is a Better Choice In the interview, Dalio explains jokingly: If you would put a gun to my head and you said, ‘I can only have one,’ I would...

Read More »

Pavan Sukhdev Says Bitcoin Is an “Asset” and “Not a Currency”

We have constantly been hearing arguments in the past that bitcoin is “digital gold.” Both bitcoin and the precious metal the entire world has grown to love are consistently being compared, though according to one expert – Pavan Sukhdev – there is still too much speculation involved. Pavan Sukhdev – Bitcoin Is Not a Currency Sukhdev is the president of environmental advocacy group WWF International. In a recent interview, he commented that both bitcoin and gold remain...

Read More »

Lawrence Summers: Crypto Could Play a Pivotal Role in Global Markets

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...

Read More »

Societe Generale: Forget About BTC, Concentrate on Gold

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...

Read More »