News with the tag "Bitcoin vs gold"

Bitcoin price took a dip under $80,000 earlier today in yet another crypto market crash while top altcoins like Ethereum (ETH), XRP, Solana (SOL), Dogecoin (DOGE) corrected 8% each in this market fall. There’s an absolute bloodbath on the Satoshi Street with BTC and other digital assets extending we...

Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, has gone on record to suggest that recent developments at the gold market might trigger a mass exodus to Bitcoin. Notably, the Bank of England is under scrutiny for extended delivery times on physical gold, fueling renewed debate about...

While the Bitcoin price struggles to breach past the $100K levels, yellow metal Gold solidifies its market position hitting a record-high of $2,940 per ounce. This has ignited the classic Bitcoin vs Gold debate with experts at both ends weighing in. Veteran trader Peter Brandt noted that big money i...

Since the introduction of Bitcoin, its comparison with Gold has been consistent. In the last few years, this cryptocurrency’s adoption has touched the roof, where it recently hit the ATH at $109.1k amid Donald Trump’s support, ETF popularity, and upcoming reserve discussion. However, despite that, a...

Coinbase CEO Brian Armstrong has recently sparked the Bitcoin Vs Gold debate highlighting the different advantages of BTC over the precious yellow metal. His comments have come after the governor of South Africa scoffed at the idea of a Strategic Bitcoin Reserve at the World Economic Forum. BTC crit...

Bitcoin price rise continues to rewrite financial history, with the Bitcoin-to-gold ratio reaching an all-time high on December 16. Veteran trader Peter Brandt announced the milestone on X, stating that it now takes 40 ounces of gold to purchase one Bitcoin. The ratio surged as Bitcoin’s price soare...

The Bitcoin vs. Gold debate has been going on for a decade since people began taking financial freedom more seriously. With its decentralized nature, Bitcoin began challenging Gold, the worldwide popular investment option and store of value. Now, with both financial assets achieving their prime, the...

Federal Reserve Chair Jerome Powell has once again emphasized his belief that Bitcoin serves as a speculative asset akin to gold, while dismissing its potential to rival the U.S. dollar. Speaking at the New York Times-hosted DealBook Summit on December 4, Powell remarked, “Bitcoin is just like gold—...

Blackrock's IBIT ETF now holds upwards of $33 billion in assets, more than the asset manager's gold fund.

Analyst Peter Schiff, a well-known financial commentator, has reiterated his critical stance on Bitcoin, claiming that it stands in contrast to gold. Amid recent market optimism following the re-election of Donald Trump as U.S. President, BTC has surged, while gold has seen a decline. Schiff argues ...