Bitcoin Market Cap to surpass gold—Anthony Scaramucci
[Jul 26 2:00 PM] Bitcoin currently has a market capitalization of roughly $1.3 trillion, while the entire crypto market cap is roughly $2.4 trillion.
5 / 14 Relevant items tagged with #Gold
Posts: 396
Posts
Bitcoin’s transformation from risk asset to digital gold hints at new all-time highs
[Jul 26 1:01 PM] Bitcoin price is being driven higher by a new set of bullish catalysts.
Robert Kiyosaki vs Peter Schiff: Conflicting Predictions on Gold, Bitcoin, and US Dollar
[Jul 24 5:20 PM] Rich Dad Poor Dad author Robert Kiyosaki and gold advocate Peter Schiff have provided conflicting forecasts about the future of gold, silver, bitcoin, and the U.S. economy if Donald Trump is re-elected. Kiyosaki claims asset prices will rise as…
Robert Kiyosaki Forecasts $105,000 Bitcoin and $3,300 Gold if Trump Wins
[Jul 23 5:17 PM] Rich Dad Poor Dad author Robert Kiyosaki predicts that if Donald Trump is re-elected as U.S. president, the dollar will weaken, leading to increased prices for gold, silver, bitcoin, and other assets. He forecasts gold will rise from $2,400 to…
Asian Markets Cashed out During Recent Gold Rally
[Jul 23 3:20 PM] Buyers in Asian markets were reluctant to continue purchasing gold as it reached a new record high last week, opting to cash out and wait for deeper discounts. In India, sellers were offering discounts on gold bullion of over $65 per ounce, with…
Zimbabwean Miner Launches Blockchain-Based Gold Tracking System
[Jul 17 2:30 AM] Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international…
JPMorgan Bullish on Gold Prices Into Year-End
[Jul 16 6:30 PM] Global investment bank JPMorgan remains optimistic about gold prices, projecting a significant rise in the fourth quarter of 2024 due to anticipated Federal Reserve rate cuts beginning in September. On Tuesday, the price of gold surged past its…
Mining Company CEO Claims Silver Deficit Is Growing, Institutions Might Drive Prices Higher
[Jul 15 10:37 PM] Keith Neumeyer, CEO of First Majestic Silver, a Canada-based mining company, discussed the silver production deficit in today’s precious metals markets. Neumeyer stated that while retail investors are interested in silver, institutions have…
Uganda Presents Purchase Plan to Return to the Gold Standard
[Jul 15 8:33 PM] Uganda is aiming to return to the gold standard at some extent with a purchase proposal that seeks to amass more gold to back its fiat currency, the Ugandan shilling. The Central Bank of Uganda will purchase gold from artisanal miners to support…
Study: Gen Z Prefers Digital Assets in Uncertain Times; Gold Remains Popular
China Halts Gold Buying for Second Consecutive Month
Gold Could Surge to $40,000 per Ounce, Strategist Says
[Jul 8 5:16 PM] Egon von Greyerz, founder of Matterhorn Asset Management and Gold Switzerland, has shared his insights, indicating potential for substantial increases in gold prices based on historical trends and current economic conditions. He explained that gold…
Economist Jim Rickards Discusses US Dollar Decline and Potential $27,000 Gold
Analysts Predict Second Trump Era Could Boost Gold Prices
[Jul 7 10:30 AM] Despite a general downturn in crypto markets, gold has appreciated by 3% over the past five days, currently trading at $2,391 per ounce this weekend. Supporters of gold anticipate the precious metal will continue its strong performance in the…
UBS Rates Gold as Most Preferred Geopolitical Hedge and Portfolio Diversifier
[Jul 6 8:30 PM] UBS sees gold as an attractive geopolitical hedge and portfolio diversifier, rating the metal as most preferred in its investment lessons for the second half of the year report. The bank highlights strong market performance driven by AI investment…
Tidal Investments Proposes Bitcoin and Gold ETF to Mitigate Market Volatility
[Jul 1 7:30 AM] Tidal Investments has announced a proposal for an actively-managed exchange-traded fund (ETF) that combines investments in bitcoin and gold. This fund aims to provide long-term capital appreciation while mitigating short-term market volatility…
Bitcoin and altcoins fail to rally even as US inflation cools down
[Jun 28 12:41 PM] For years, analysts and traders have said cooling inflation would benefit the crypto market, yet prices are still down. Cointelegraph explains why.
Bank of America Forecasts Gold Reaching $3,000 in the Next 18 Months
[Jun 28 12:11 PM] Earlier this week, Bank of America analysts revealed that gold might reach $3,000 in the next 18 months, pushed by central bank demand and a Federal Reserve dovish turn. “Achieving this would require non-commercial demand to pick up from…
Central Banks Plan Increased Gold Reserves Amid Global Uncertainty: 2024 World Gold Council Survey
[Jun 19 5:16 PM] The World Gold Council’s 2024 survey reveals that central banks plan to increase gold reserves amid geopolitical and financial uncertainties. Over 80% of respondents expect global bullion holdings to rise, and 29% of central banks plan to…
Analyst: Bank of Thailand Boosts Gold Reserves to Push De-Dollarized Trading System Fueled by CBDC
[Jun 18 7:34 PM] The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate…
Bank of America Predicts Bullish Trend for Silver, Prices to Hit $35/oz by 2026
[Jun 18 12:25 PM] Bank of America (BOFA) forecasts a bullish trend for silver, anticipating an increase in prices through the latter half of 2024 into 2025. BOFA analysts project silver prices to average $35/oz by 2026, compared to the current spot price of…
Tether Launches Alloy, Opening the Gates for Issuing Gold Standard Compliant Assets
[Jun 18 10:31 AM] Tether, one of the largest companies in the stablecoin arena, has announced the launch of Alloy, a series of assets pegged to the value of another asset, but collateralized with gold. The first token in the Alloy lineup is AUSDT, which will track…
Bitfinex Becomes First Exchange to List New USD-Denominated, Gold-Tethered Asset
[Jun 18 12:52 AM] Bitfinex, a leading digital asset trading platform, has announced the listing of a new USD-denominated Tethered Asset, AUSDT, by Alloy by Tether. This innovative offering tethers its value to Tether Gold, backed by physical gold, introducing a new…
Putin Criticizes U.S. Dollar’s Lack of Gold Backing, Calls for Alternative Payment Systems
[Jun 16 10:35 PM] Russian President Vladimir Putin criticized the United States for its abandonment of the gold standard, remarking in a Sputnik-released video that the U.S. dollar is now a trust-based currency without tangible backing, a decision underscored by the…
'Bitcoin is Exponential Gold', Says Fidelity’s Director of Global Macro
[Jun 13 1:09 PM] Jurrien Timmer, Fidelity’s Director of Global Macro, recently made a notable statement about Bitcoin, describing it as "exponential gold" and an emerging player on the "store of value" team. Timmer's comments were shared through a series of posts…
Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic Uncertainty
[Jun 12 6:34 PM] Demand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In Japan, there is currently a strong bullish sentiment on gold. Chinese investors, facing currency devaluation, real…
UBS Recommends Buying Gold Dips Amid Economic Uncertainty
[Jun 11 8:41 PM] The UBS editorial team, comprising financial analysts and economists at UBS, a prominent global financial services firm, recommends purchasing gold during price dips rather than selling. Recently, gold prices fell by over $80 per ounce due to…
Gold Production Struggles Despite 2024 Q1 Surge
[Jun 10 9:31 PM] The gold mining industry struggles to sustain production growth due to declining new deposits, reports the World Gold Council (WGC). Despite a 4% increase in first-quarter production in 2024, overall growth has plateaued since 2016. In 2023, mine…
Bitcoin vs. Buffett: BTC holders’ 104% CAGR dwarfs ‘steady growth’ portfolio
[Jun 10 8:15 AM] Since its trading debut in 2011, Bitcoin has delivered an impressive average annual return of approximately 104%, surpassing the returns of Warren Buffett’s portfolio and U.S. stock markets.
Gold Rush Hits Seoul Streets: Gold Bars Now Sold in Vending Machines
[Jun 8 8:31 PM] Vending machines in Seoul, South Korea, are revolutionizing the traditional concept of buying gold by offering gold bars in various sizes. Situated within convenience stores throughout the affluent Gangnam district and other areas, these machines…