The Takeaway: Bitcoin nearly triples its price in 2020 and ends the year close to $29,000 but ether gained 450%. Bitcoin (BTC) trading around $28,963 as of 21:00 UTC (4 p.m. ET), gaining 1.5% over the previous 24 hours....
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Bitcoin is well above its former record, thanks in part to the digital gold narrative taking hold in 2020 with institutional investors. But as those who get into cryptocurrencies consider diversifying beyond BTC, one entrepreneur and crypto trader says...
In November crypto continued its strong Q4 with bitcoin setting a new all-time high of ~$19,783 on November 30th (Table 1). For the year bitcoin is now up 173%. For the third time this year Ethereum (ETH) showed a...
Earlier this week, JPMorgan published a global markets strategy note that points out that money has flowed out of gold and into bitcoin since October, and predicts that this trend will continue over the medium to longer term. The...
Gold could lose its shine in the long run due to institutional investors’ increased preference for bitcoin, according to the investment banking giant JPMorgan. “The adoption of bitcoin by institutional investors has only begun, while for gold its adoption...
Last year we partnered with Coinshares to launch DGLD, a digital asset representing allocated physical gold stored in a Swiss vault. A common request from avid investors was more ways to get access and use DGLD, and to give...
The price of gold is off from its all-time high while bitcoin is within striking distance of a record. Billions of dollars are flowing out of gold while institutional money is pouring into bitcoin. The narrative for some cryptocurrency...
Bitcoin’s appeal as an alternative store of value asset is strengthening, according to analysts at Germany-based investment bank Deutsche Bank. “There seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar...
Bitcoin is outshining gold by a significant margin in price terms as expectations soar of a swift global economic recovery enabled by promising coronavirus vaccines. While the top cryptocurrency by market value has risen 22% to cross $17,000 this...
Bitcoin is often called digital gold, much to the dismay of gold bugs like Peter Schiff. Unfortunately for boomers like Schiff, millennials like his son Spencer, are increasingly opting for the cryptocurrency instead. Schiff even recently slammed his son...