‘Rugged’ By Gold? Economist Thinks Bitcoin’s Glory Days May Be Numbered
Bitcoin pulled back from fresh highs this week, while gold pushed higher and grabbed attention. According to social posts by economist Peter Schiff, a move into precious metals could force crypto prices lower. Related Reading: Momentum Builds: SBR And Bitcoin Act Are Closer Than You Think Bitcoin briefly slipped below $122,000 after hitting an intraday […]
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Square has rolled out a new payment and wallet package called Square Bitcoin, aimed at letting small shops accept and manage bitcoin inside the same system they already use for sales and money management. Related Reading: ‘Rugged’ By Gold? Economist Thinks Bitcoin’s Glory Days May Be Numbered According to Square, the package includes Bitcoin Payments, […]
The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very reason. Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place in the Bank of Canada’s reserves.
David Dodge: The Bank of Canada ‘Holding This Antique Instrument of Stability Called Gold Really Didn’t Make Any Sense’
David Dodge, the former seventh governor of the Bank of....
The narrative taking place across the finance industry, is that cryptocurrencies like Bitcoin and Ethereum are the way of the future and gold’s days are numbered as a store of value. While the “digital gold narrative” has already taken a major dent out of the precious metal’s momentum, according to a top Bloomberg Intelligence analyst, “most indicators point to” Bitcoin replacing the aging asset an an “accelerating pace.” Bitcoin Is Replacing Gold As “Store Of […]
A research firm’s head recently claimed Bitcoin’s capped supply could be changed. Bitcoin’s (BTC) price rise has brought all sorts of comments out of the woodwork. Although many carry a bullish tint, some folks still doubt crypto as a new store of value class. David Rosenberg, the chief economist and strategist, as well as president, of the firm Rosenberg Research & Associates, recently described gold’s supply as more predictable than Bitcoin’s."Everybody seems to believe that we're going to get to that 21 million cap on the supply constraint, but there's really nothing in the protocol to....
Gold is a commodity like bitcoin and other cryptocurrencies, Citi's chief economist argues in a research note published yesterday, ahead of a Swiss vote that could cause the global gold price to spike. Switzerland will hold a popular referendum on Sunday called 'Save Our Swiss Gold'. If passed, it would mandate the Swiss National Bank to hold a fifth of its assets in gold and to repatriate its holdings from England and Canada. The bank would also be banned from selling its gold in future. Gold prices have dropped as markets await the referendum. If the referendum is passed, gold prices....