As digital assets have become more widely accepted in many economies, Bitcoin is likely to overtake gold in market shares in 2022, a recent Goldman Sachs analyst Zach Pandl said in a recent research n...
Tag: Gold
Professor At Elon Musk’s Alma Mater On Why Bitcoin Is The New Gold For Millennials ⋆ ZyCrypto
Advertisement     A Wharton professor believes Bitcoin is now preferred as a long-term investment by young investors to gold. 2021 was not the best year for gold as i...
Goldman Sachs sees Bitcoin at $100k, winning over gold
TL;DR Breakdown Bitcoin will surpass $100,000 value if it continues eating into Gold’s market share, according to Goldman Sachs. Bitcoin is already outperforming gold in the market. Bitcoin adoption a...
Global Central Bank Gold Holdings Rose to 36,000 Tons in 2021, Increase Attributed to Dollar’s Decline – Economics Bitcoin News
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’ report...
Gold Bull Market To Resume In 2022
The widespread scepticism towards gold among the investment community likely provides an excellent opportunity to buy the metal as the fundamental backdrop continues to improve. The metal has register...
Bitcoin Turns in Top Performance for 2021, Outperforming Gold, Commodities and Other Major Asset Classes
Bitcoin (BTC) is the best-performing major asset class for three consecutive years, topping gold and large equity markets, according to data compiled by Compound Capital Advisors CEO Charlie Bilello. ...
Bitcoin is set to take further market share from gold, according to Goldman Sachs
advertisement Bitcoin’s ascent will cost gold market share, according to a research report by investment banking giant Goldman Sachs. In a note to clients dated January 4, the bank said that th...
Report: Bitcoin consumes less energy compared to banking and gold industry
For a very long time, Bitcoin’s energy consumption has been used as a whip by many critics of the asset who believe that the amount of energy used in mining new units of the coin could impact the envi...
Crypto Investment Fund CEO Predicts Big Shakeout of Ethereum Competitors As Bitcoin Replaces Gold
The CEO of crypto investment fund Off The Chain Capital predicts that Bitcoin (BTC) will replace many traditional assets and that most Ethereum competitors ultimately be shaken out. In a new interview...
Bitcoin Trumps Gold and 16 others to become Best Performing Asset Class
Bitcoin (BTC), having closed 2021 with 66.5% gains in total returns, has been the best performing asset class for the third year in a row. Bitcoin outperformed 16 other asset classes including age-old...
Founder of Nexo Brands Bitcoin as advanced gold, predicts price will hit $100,000 in Q2
Bitcoin is going to reach $100,000 by the middle of 2022 according to Antoni Trenchev, the founder of crypto lending platform, Nexo. Bitcoin which he dubbed “Gold 2.0”, he said, will exceed expectatio...
Bitcoin is new gold for millennials, Wharton finance professor says
Bitcoin (BTC), the world’s most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Wharton’s finance professor. Gold’s performance was “disappointing” in ...
Wharton’s Professor Warns About Inflation, Predicts Many Rate Hikes, Says Bitcoin Has Replaced Gold for Millennials – Economics Bitcoin News
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 b...
Turkey Reveals Scheme That Encourages the Conversion of Gold Deposits Into Lira Time Deposits – Economics Bitcoin News
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 depo...
Gold Price Forecast – Gold Markets Finally Bust Through $1820
Gold markets have gapped higher to kick off the Friday trading session, and then broke high enough to finally clear the $1820 level. Gold has been threatening a breakout for a while, but this time a y...
Gold Bug Peter Schiff Claims Bitcoin’s Yearly Gain of 60% Was Achieved in First 5 Weeks of the Year – Featured Bitcoin News
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 t...