Bitcoin Reaches Historic High Against Gold as Analysts Predict $120K by Year's End
Bitcoin's value, measured in gold, has soared to an unprecedented 39 ounces, leading analysts to forecast a significant price spike by the year's conclusion.
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Bitcoin's value, measured in gold, has soared to an unprecedented 39 ounces, leading analysts to forecast a significant price spike by the year's conclusion.
Bitcoin's market performance improves as capital shifts from gold to cryptocurrency following the election results.
The decline in the copper-to-gold ratio signals potential risks for cryptocurrencies, including Bitcoin, despite positive market indicators.
Recent inflows into gold ETFs have reached significant levels, suggesting a potential pause in gold's rally could impact Bitcoin prices.
Paul Tudor Jones emphasizes the importance of inflation in the U.S. economy, advocating for investments in Bitcoin and gold while critiquing the government's spending.
While gold and the S&P 500 reach record highs, Bitcoin faces challenges but shows promising signs of recovery due to evolving market dynamics.
A new service allows the trading of physical gold on the Bitcoin blockchain through a novel protocol.
Despite Bitcoin's 40% increase this year, its risk-adjusted returns still fall short compared to gold, based on Goldman Sachs analysis.
JPMorgan analysts suggest that geopolitical tensions and the looming U.S. election could bolster bitcoin and gold as safe haven assets.
Amid currency devaluation and economic instability, gold prices rise sharply, prompting consumers to buy physical gold in large quantities.
Bitcoin's correlation with gold surges above 0.85, as both assets become increasingly favored by investors amid inflation and global instability.
As gold futures nearing $4,000 per ounce, analysts predict Bitcoin will experience a similar surge.
An exploration of the seasonal patterns influencing Bitcoin and gold prices during the year-end holiday period.
Larry Fink, CEO of BlackRock, highlights investors' shift towards gold and cryptocurrency amid fears over asset depreciation and financial stability.
Bitcoin's price is less affected by inflation but responds positively to a depreciating US dollar, according to insights from NYDIG.
NYDIG reports that Bitcoin acts more like a liquidity measure than an inflation hedge, thriving when the US dollar weakens.
Changpeng Zhao, Binance's co-founder, critiques Peter Schiff's new tokenized gold venture, arguing it relies on trust in third-party custody.
Gold's soaring market cap, now at $30 trillion, outstrips Bitcoin and even surpasses the combined market of the top tech giants.
Amid warnings of a potential drop for Bitcoin, gold climbs to all-time highs fueled by prospects of interest rate cuts from the Federal Reserve.
Deutsche Bank reports a significant rise in gold reserves among central banks, suggesting potential implications for Bitcoin as a future reserve asset.

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