News with the tag "Digital Gold"

Bitcoin might hit an all-time high of $210,000 by the end of this year, says a fresh set of predictions by a prominent quantitative trading firm. Head of Research at Presto, Peter Chung, made this sweeping prediction in an interview with CNBC on April 28. Related Reading: XRP Headed For $1,000 – Cry...

Ark Invest, a fund management company, has sharply raised its price forecasts for Bitcoin, predicting the cryptocurrency may reach $2.4 million at the end of 2030 in its most bullish scenario. The new target, set in an April 24 report by research analyst David Puell, is a massive increase from the f...

The US Treasury highlighted Bitcoin’s “rapid growth” in its latest report while discussing the flagship crypto’s use case, especially in decentralized finance (DeFi). Interestingly, the government department also acknowledged BTC as “digital gold.” US Treasury Highlights Bitcoin’s Rapid Growth In it...

Bitcoin became a $2 trillion asset in less than 16 years, while companies like Apple and Amazon took 42 and 29 years, respectively, to reach that value.

Cathie Wood predicts Bitcoin surpassing gold’s $15T market as the new SEC Chair backs digital assets and Powell describes Bitcoin as digital gold. Read original article on coincu.com

US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar.

Bitcoin has often been referred to as the “digital gold,” as it has proven to be a unique asset class and, more importantly, a reliable store of value over the years. While gold surely outpaces BTC in age, both assets are commonly used by investors as a hedge against economic instability and inflati...

In just 16 years, Bitcoin has grown to become the world’s 10th largest asset and the best currency for “financial freedom,” according to Tether CEO, Paolo Ardoino.

The hedge fund veteran also suggests holding gold, commodities, and technology stocks.

Better times for Bitcoin may lie ahead as the co-founder of BitMEX feels that the current geopolitical tensions in the Middle East may only push the cryptocurrency to rise higher. According to Arthur Hayes, the effects of war would resonate intensely in the US economy in the form of increased govern...