Bitcoin Withstands Dollar Dominance Better Than Equities, Gold, Etc.
Bitcoin, along with the majority of the crypto market, hasn’t always been friends with the month of September. Bitcoin records MTD performance rate of 0.83% Gold struggles along with equities such as SPX and NDQ Gold’s total market value currently stands at $75.086 trillion Historically, September is considered to be a bad one for cryptocurrencies […]
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Tom Lee says Ethereum can overtake Bitcoin—“flip” it—by playing for dollar-dominance in a world of tokenized assets, even as he remains emphatically bullish on Bitcoin’s monetary role and long-term price. In a podcast exchange with Cathie Wood, Lee framed the coming competition through a 1971-style lens, arguing that the end of the gold standard catalyzed a wave of financial engineering that ultimately made dollar-based equities far larger than gold; in his telling, the broad tokenization of money and assets will rhyme with that history, positioning Ethereum’s smart-contract rails to....
Gold has been a medium of exchange for thousands years with an indisputable store of value, which, however, yields no return and has a high opportunity cost compared to assets such as bonds or equities. On the other hand, the Internet Age has brought about a fierce competitor, known as bitcoin. Since its launch in 2009, the digital currency has been in the middle of attention, whether because its value declined close to the $240 level, after having surpassed the $1,000 milestone in 2013, or because regulatory agencies are trying to figure out whether a sustainable regulatory environment....
The hedge fund manager has 1% to 2% of his multi billion-dollar portfolio in bitcoin.
Bitcoin price is nearly trading at its former all-time high, and at a price point that feels unreachable for many to own a full coin, interest has again turned toward altcoins. BTC dominance has sunk as a result, and at the same time, the dollar is breaking down from support. The scenario in the past […]
Across multiple economic downturns and bear markets, gold has proven to be a haven for investors worldwide, with many traders and investors opting to invest in it to protect their capital against value depreciation, which occurs from inflation, causing an increase in general prices. Because gold prices are related to the US dollar value due to gold being dollar-denominated, a stronger USD keeps the price of gold down and more controlled. A weaker USD drives the gold price higher due to increasing demand. Ultimately this means that more gold can be purchased when the dollar is more....