Anthony Pompliano says Bitcoin is digital gold, remains the best savings tool and will continue to outperform for years to come.
Gold News
Gold, a precious metal revered for centuries, holds an enduring appeal due to its rarity, beauty and intrinsic value. Throughout history, gold served as hard money, a term denoting currency backed by tangible assets, ensuring stability. Unlike fiat currencies, which derive value from government decree, gold’s value is intrinsic, making it a reliable medium of exchange and store of wealth.
Historically, various civilizations used gold coins for trade, establishing its universal acceptance. Gold-backed currencies provided economic stability, linking the value of money to a specific amount of gold. This system mitigated inflation risks, fostering trust in financial systems.
In contemporary finance, gold remains a reliable store of value, offering protection against economic uncertainties. Investors turn to gold during market downturns, reinforcing its status as a safe-haven asset. Additionally, the rise of cryptocurrencies led to Bitcoin (BTC) being dubbed “digital gold.” Bitcoin shares similarities with gold, such as scarcity and properties that make it a hard asset. Investors often correlate BTC with gold, highlighting its potential as a modern store of value.
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Schiff cited a downturn in the price of Bitcoin-linked equity markets without specifying a time frame for his shared data.
29655Bitcoin futures and options signal investors’ confidence was not meaningfully impacted by BTC’s recent dip to $61,500.
16333Tensions in the Middle East ramped up over the weekend following an Iranian drone and missile attack, with the price of PAX Gold and Bitcoin reacting very differently in the aftermath.
2219The crypto market sees a sharp correction as the U.S. stock market waves some concerning red flags.
18162Bitcoin fails to follow gold to new all-time highs into the end of the week with BTC price momentum instead heading toward $69,000.
8899Bitcoin’s rally is likely influenced by persistent inflation, student debt forgiveness policies, and global trade restrictions.
15896While the halving is associated with Bitcoin bull cycles, the current rally is mainly driven by ETF inflows, argues Bybit’s Hao Yang.
20034Gold investors are taking swipes at Bitcoin following a new all-time high for the precious metal.
2975After Microsoft, all that’s left is gold. But Bitcoin will need a price point north of $800,000 to climb that mountain.
8333Schiff claims he would have “kept quiet” had he bought Bitcoin because he never believed in its fundamentals.
4811The new all-time highs marked the first time Bitcoin and gold hit new records simultaneously since the emergence of BTC.
5363Bitcoin surprised investors with a sharp sell-off today, but derivatives metrics are still neutral-to-bearish despite the 14% intraday correction.
10998BlackRock’s iShares Bitcoin Trust has amassed $10 billion in assets under management in just seven weeks.
12010Institutions will compete to capture as much of Bitcoin’s ever-decreasing supply as possible until the end of 2034, as 99% of Bitcoin will have been mined by then, Saylor explained.
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