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Ban Crypto, but Legalize Mining and Issue Gold-backed Stablecoin, Urges Top Russian MP
24.1.2022
Russian parliamentarians, government officials and finance chiefs remain deeply divided on the issue of crypto regulation – with a leading lawmaker indicating that crypto mining could soon be legalized, alongside a state-run, gold-backed stablecoin, while backing the idea of banning crypto...
Russia May Allow Crypto Mining and Gold-Backed Stablecoins, Lawmaker Says
23.1.2022
Russia can legalize cryptocurrency mining and stablecoins backed by gold under government control, a high-ranking member of the Russian parliament has suggested. The statement comes after Bank of Russia proposed a wide-ranging ban on the use of cryptocurrencies, and their trading and mining. Mining...
Gold Miner Says Investors Prefer Hedging Against Inflation With Gold, Not Crypto
19.1.2022
The CEO of a Canada-headquartered gold mining company, Mark Bristow, has insisted that gold currently has little downside risk. He also highlighted the precious nature of the metal and how it is a better alternative store of value than cryptocurrencies. Better Inflation Hedge Mark Bristow, the...
Fidelity exec says Bitcoin is ‘technically oversold,’ making $40K a ‘pivotal support’
13.1.2022
3 key Bitcoin price indicators suggest that the $40,000 level will hold as support throughout 2022
Green and gold: The crypto projects saving the planet
11.1.2022
While the world argued about the ethics of crypto, these projects changed the world for the better during 2021
Billionaire investor Bill Miller puts 50% of net worth in Bitcoin
10.1.2022
Investor Bill Miller is betting big on Bitcoin, allocating 50% of his personal net worth to BTC and related equity
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme
9.1.2022
The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and his companies made “materially false and misleading statements in connection...
Goldman Sachs Predicts Bitcoin Could Reach $100K as BTC Continues to Take Gold’s Market Share as Store of Value
7.1.2022
Goldman Sachs has predicted that the price of bitcoin could reach $100,000. The global investment bank believes that bitcoin will continue to take market share away from gold as cryptocurrency adoption grows. Goldman Sachs’ Bitcoin vs Gold Prediction Goldman Sachs analyst Zach Pandl, co-head...
Fed’s Minutes Report ‘Bludgeons’ Global Markets — Stocks, Crypto, Precious Metals Slip in Value
6.1.2022
Minutes from the U.S. Federal Reserve’s policy meeting on December 14-15 show that the central bank is being persistent about unwinding quantitive easing (QE) tactics and that it views ultra-low interest rates as no longer necessary. Global markets immediately dropped after the news...
Billionaire Ray Dalio recommends ‘reasonable’ 1–2% Bitcoin allocation
6.1.2022
Newly minted Bitcoin supporter Dalio agrees that Bitcoin should make up a small percentage of investors’ portfolios in 2022
Bitcoin $100K possible by chipping away at gold’s market share: Goldman Sachs
5.1.2022
Bitcoin has a good chance to topple $100,000 by taking market share from gold as a store of value, Goldman Sachs analysts predicted
Bitcoin Could Reach USD 100K in Five Years If It Takes on Gold – Goldman Sachs
5.1.2022
A bitcoin (BTC) price of USD 100,000 could become a reality if the cryptocurrency continues taking market share as a store-of-value asset from gold, according to a note from Goldman Sachs. Meanwhile, Bloomberg analyst Mike McGlone argues that 2022 could be the year gold shines again....
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Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar’s Decline
5.1.2022
The total quantity of gold held in reserves by central banks topped 36,000 tons for the first time since 1990, data from World Gold Council has shown. This increase follows growth in the banks’ reported holdings of the asset by 4,500 tons over the past decade. Dollar’s Decline a Boon...
Bitcoin is new gold for millennials, Wharton’s finance professor says
3.1.2022
Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015
Wharton’s Professor Warns About Inflation, Predicts Many Rate Hikes, Says Bitcoin Has Replaced Gold for Millennials
3.1.2022
A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. Finance Professor on Bitcoin and Inflation Wharton’s...
Billionaire Ray Dalio Insists Governments Could Outlaw Bitcoin
3.1.2022
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has reiterated his warning that governments could outlaw bitcoin. “In history, they’ve outlawed gold and they’ve outlawed silver and so on, and they could outlaw...
Turkey Reveals Scheme That Encourages the Conversion of Gold Deposits Into Lira Time Deposits
2.1.2022
The Central Bank of the Republic of Turkey recently revealed it made the decision to provide incentives to gold deposit and participation fund holders that request to convert these into lira time deposits, a statement from the central bank has said. Incentives Intended to Boost Financial Stability...
Gold Bug Peter Schiff Claims Bitcoin’s Yearly Gain of 60% Was Achieved in First 5 Weeks of the Year
1.1.2022
Gold bug Peter Schiff has claimed that though bitcoin went up by 60% during the past twelve months, most of these gains were achieved during the first five weeks of the year in 2021. He insists that the majority of those that bought the asset in 2021 have not gained. Bitcoin Gains Higher Than Those...
What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row
29.12.2021
But concerns remain that the cryptocurrency would fall harder than its traditional rivals in 2022 on the U.S. Federal Reserve's increasingly hawkish tones
Microstrategy CEO Foresees Bitcoin’s Price Reaching $6 Million
24.12.2021
The CEO of Microstrategy expects the price of bitcoin to reach $6 million, noting that it is “unstoppable” and will replace gold. The executive personally owns 17,732 bitcoins while his company is hodling 122,478 bitcoins. Microstrategy’s CEO Expects Bitcoin to Hit $6 Million...