Tag Archives: Gold

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...

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...

A new report issued by Goldman Sachs suggests that gold and bitcoin can potentially coexist together.Goldman Sachs Believes Gold Isn’t Threatened By BTCThere has been a lot of speculation as of late as to whether gold can survive the coming onslaught of bitcoin price surges. As the world’s largest and most popular digital currency by market cap, the coin has garnered a newfound reputation for being a hedge tool and a “safe haven” similar with gold. The currency is looked at as something that...

Are people beginning to give up gold and stocks for bitcoin? This certainly seems like the latest trend as some of the largest financial managers in the world are beginning to turn away from precious metals and other standard assets in favor of the world’s largest digital currency by market cap. The latest gold-turned-bitcoin fan is Christopher Wood, the global head of equity strategies at Jefferies.Christopher Wood Has Found a New Friend in BTCIn a recent turn of a events, Wood – who has...

It’s always refreshing to see someone who wasn’t a bitcoin believer change their mind. Today, the cryptocurrency appears to have added another “fan” to its roster. That person is Ray Dalio, a billionaire and co-founder of the hedge fund Bridgewater Associates.Ray Dalio Now Sees Bitcoin Through a New LensIn the past, bitcoin has often attracted criticism and scrutiny for its vulnerability to price swings and its volatile behavior. While it’s easy to become wealthy overnight with the help of...

Bitcoin, for the most part, has been on a serious spike as of late, but according to analysts from JPMorgan, the boost of the world’s number one digital currency by market cap is hurting gold.Bitcoin May Be Causing Harm to GoldIn a way, this makes total sense. For one thing, bitcoin appears to do well whenever there is chaos occurring in standard financial markets. We saw this throughout 2020, which was faced with harsh economic problems thanks to the growing coronavirus pandemic. The U.S....

With bitcoin now trading for just under $18,000 – a near $1,000 gain from just two days ago – many analysts and industry experts find themselves wondering where bitcoin will go next. The currency has been on one of its biggest bull runs since 2017, and many believe that 2020 will end with bitcoin striking its all-time high of $20,000 per unit once again.Bitcoin Could Soon Travel to the SkiesHowever, things aren’t quite stopping there. Many are wondering where bitcoin will head in the...

Bitcoin has gained quite a bit of momentum this year and is adding fans to its roster at an unprecedented level. At the time of writing, the world’s number one cryptocurrency by market cap has added another newbie to its list of major admirers. That newbie is Stanley Druckenmiller, a legendary hedge fund manager who now says he owns some bitcoin for the first time – and he seems to like it.Druckenmiller: BTC Is a Major New Asset ClassThe idea behind bitcoin’s sudden rise in popularity is that...