Tag Archives: Gold

Bitcoin IRA, a company that allows people to add cryptocurrencies like bitcoin, Ethereum and bitcoin cash to their retirement portfolios, has announced that it is adding physical gold to its list of buyable and tradeable assets.Bitcoin IRA Gives Gold to Its CustomersGold has been at the center of much controversy as of late. Many considered bitcoin a version of “digital gold” in that it is widely looked at as a potential “safe haven” asset – something that will potentially allow buyers and...

It’s been reported by some analysts that bitcoin demand is likely to go up in the coming weeks due to the current economic and market conditions, though some sources claim the opposite, and believe there will be a stronger desire for traditional financial services and institutions.Some Want Tradition Over BitcoinDuring the last few weeks, several traders sold off their bitcoin and crypto stashes along with their stocks, metals and other assets as a means of attaining cash. During times of...

The atmosphere surrounding cryptocurrencies such as bitcoin has gotten crazy following news of a $2 trillion stimulus package in the U.S. and the growing coronavirus pandemic. Many are revisiting the question of whether bitcoin qualifies as a “safe haven” asset and if it’s comparable to gold.Is Gold Still Better Than BTC?Matthew Dibb – the co-founder of Stack, which provides index funds and cryptocurrency trackers – commented on the overall situation:The trade tensions, political turmoil and...

The crypto industry is looking alive again as bitcoin and several other coins surged on the news that Congress is close to reaching an economic stimulus package deal.Bitcoin Is Firing on All CylindersAt the time of writing, bitcoin has shot beyond the $6,600 mark – roughly $400 higher than where it stood yesterday, while all the top ten currencies in the crypto arena have shot up by anywhere between three and seven percent.Congress has been pushing a $1 trillion economic stimulus package that...

There have been many arguments as of late about which asset is better: bitcoin or gold.Bitcoin and Gold Seem to Be on Equal TermsAt press time, they both appear to be doing the exact same thing. Both have taken nasty falls due to panic surrounding the coronavirus, and both are failing to live up to their “safe haven” reputations.But is it fair to suggest that neither of these assets are “safe havens?” Can such status be taken away from them given that they are suffering – like all assets –...

Bitcoin has crashed. There’s no pleasant way of saying it. At the time of writing, the world’s number one cryptocurrency by market cap has fallen into the low $6,000 range for the first time in virtually ten months following increased fear and panic from the coronavirus.Bitcoin Is Dropping FastFollowing news that President Donald Trump has invoked further travel bans to ensure Americans are not exposed any further, global markets everywhere tanked, with the Dow Jones falling another 2,000...

Bitcoin is good, but gold is still much better.Analysts Say Gold Outranks BTCThat’s the sentiment of most analysts, today. At the time of writing, bitcoin – the number one cryptocurrency by market cap – is not doing so hot. The asset has fallen by another $400 overnight as fears of the coronavirus continue to swell throughout the globe, and it doesn’t look like things are going to ease up anytime soon.There has been an idea meandering throughout the crypto space for some time that gold and...

China is going crazy when it comes to bitcoin… bitcoin and gold.China BTC Action Is Booming for Sad ReasonsBoth assets make sense considering they are likely considered “safe havens” in that country and abroad. Both are known for retaining one’s wealth, especially in times of economic strife or some other global catastrophe.Right now, the catastrophe that China is facing is the new coronavirus that’s spreading through its provinces. Thus far, more than 200 people have died from the disease,...

We’ve said it before, and we’ll say it again… You just can’t please everybody, and when it comes to crypto and bitcoin, this applies double. Another gazillionaire – Ray Dalio – is trashing the world’s leading digital currency by market cap and claims that there are serious problems with investment strategies that revolve around it.Ray Dalio: BTC Isn’t What You Think It IsDalio is a billionaire and the founder of Bridgewater Associates. In a recent interview, he tells his listeners that...

The Winklevoss Twins are warning Wall Street executives that the time to stock up on bitcoin is now.The Winklevoss Twins to Wall Street: Get It Together!The founders of the Gemini Exchange in New York – one of the first cryptocurrency trading platforms to garner a BitLicense – are telling Wall Street players that they need to stop putting so much emphasis on gold, as bitcoin is likely to “trump” gold in the coming future.Tyler explains:If you have gold, start building up bitcoin reserves. We...