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Tag Archives: stephen innes

Traders Revisit the Age-Old “Bitcoin or Gold” Question

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...

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Dow Futures Lost 4.5% on Friday, Asian Market Nosedive as U.S. Fiscal Stimulus Bill Stalls

The fiscal stimulus bill presented by the Trump government failed to receive a key Senate vote and was halted from passing. The Democrats said that the bill did little to help out workers and more to bail out companies.The coronavirus pandemic continues to hit the global markets and the number of infected cases is on a steep rise. The U.S. Stock futures plunged in the early morning on Monday as Wall Street awaits an economic stimulus from the Trump government.Today, early morning 6 am, the...

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