Fresh from his dubious week in the spotlight after claiming to “lose” his BTC holdings, Schiff is still saying Bitcoin investors are blind to gold’s benefits.
Gold News
Nowadays, investors have divided into two groups: cryptocurrency vs gold. After comparing all the characteristics of digital money with precious metal, they appear to have a lot of in common. For example, they are produced through mining and both are almost impossible to destroy. Gold doesn’t react with acid or lye, and can’t be oxidized. In the same way, cryptocurrencies are immutable in that it is nearly impossible to shut down all the computers within the blockchain. Also, both of them can be profitable but still be at risk of cost fluctuations. In most transactions, they should be sold or exchanged for fiat currencies or an equivalent, but it is much easier to do with digital money. However, unlike gold, cryptocurrencies are not accepted in all countries.
For those who still can’t decide in which to invest, a group of Russian entrepreneurs has launched the GoldMint platform, which operates with a digital asset GOLD that is backed with reserves of real gold or ETH.
- News
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Tether is now offering a gold-backed stablecoin, XAUT, which represents ownership of one troy ounce of gold held in a Swiss vault controlled by the company.
- Market Analysis
Bitcoin is an easy winning bet in terms of risk-adjusted returns compared to gold, stocks, bonds and more, Woobull data reveals.
- Markets News
A prediction that Bitcoin would soon drop to $1,000 just two months ago shows no sign of coming true, while gold conversely slumps.
- Analysis
A different view of cryptocurrencies post-crisis? ‘‘It was quite profound to see Bitcoin acting as a clear safe haven.”
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BitPay integrates with OneGold mobile app, allowing crypto users to purchase gold using Bitcoin and other digital currencies.
- Analysis
As tensions between Iran and the U.S. continue to escalate, more and more Iranians seem to be turning toward crypto and BTC.
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by Frank Edwood
The team behind the project says it is offering a new all-in-one solution where users can set up an IRA, fund it, and then trade both crypto and gold.
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Turkish Takasbank has launched its BiGA Digital Gold platform to provide banks with a blockchain-based system for digital gold transfers.
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by Helen Partz
Famous gold bug Peter Schiff made another anti-Bitcoin claim, pointing out that it’s the only asset class that is not rallying by the end of 2019.
- Market Analysis
Despite various reservations from commentators in the past, Bitcoin is robustly insured against futures manipulation, analyst suggests.
- News
In a surprisingly upbeat discussion, multiple figures agreed that the potential for a single Bitcoin to be worth $250,000 is still more than possible.
- News
by Helen Partz
London-based exchange Coinfloor will delist all cryptocurrencies but Bitcoin to focus on Bitcoin only services from Jan. 3, 2020.
- News
In comments to mainstream media, the Dallas Mavericks’ billionaire owner seemed uncertain about dismissing Bitcoin altogether, despite previous remarks.
- News
by Helen Partz
In its new “Outrageous Predictions” report, Danish Saxo Bank says that Asia will launch its own blockchain-based digital asset in 2020.
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