‘Buy the rumor, sell the news’ — Bitcoin ETF may spark TradFi sell-off

Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says.In a thread on X (formerly Twitter) on Nov. 28, Joshua Lim, head of derivatives at capital market firm Genesis Trading, predicted a volatile start to 2024 for BTC pr ...

Robert Kiyosaki recommends Bitcoin, gold, silver investments ‘before it’s too late’

Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold, and silver as inflation threatens to worsen living standards globally.The price of gold recently crossed $2,000 per ounce, marking a steady recovery a ...

3 reasons why Bitcoin price failed to break $37K

Bitcoin (BTC) recently surged above $37,000 between Nov. 10 and 12, only to falter and undergo a correction toward $35,000 on Nov. 13. This abrupt movement triggered the liquidation of $121 million worth of long futures contracts, and while Bitcoin’s price stabilized around $35,800 on Nov. ...

‘I don’t own Bitcoin, but I should’ — legendary investor Druckenmiller

Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to. The billionaire shared his latest thoughts on Bitcoin in an Oct. 30 interview with hedge ...

Galaxy predicts 74% Bitcoin price increase first year after ETF launch

Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.In an Oct. 24 blog post, Galaxy Digital research associate Charles Yu estima ...

This play-to-earn game offers NFTs linked to physical items like gold

Blockchain gaming is going from strength to strength — underpinned by the explosion of nonfungible tokens, which continue to achieve mainstream adoption. The FRUITS Eco-Blockchain Project is building on this momentum by allowing NFTs to be redeemed for a coveted, real-world object: a physi ...

Bitcoin continues to outperform Warren Buffett’s portfolio, and the gap is set to widen

Warren Buffett, the renowned investor and chairman of Berkshire Hathaway, celebrated his 93rd birthday on Aug. 30. Throughout his lengthy career, he has adhered steadfastly to a value investing strategy that bears some resemblance to the "buy and hold" approach often associated with cryptocurrenc ...

Analyzing Bitcoin’s Correlation with Various Asset Types

The financial media often points out Bitcoin’s (BTC) correlation to Big Tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC’s often acute inverse relationship with the United States dollar. But are these correlations set in stone, and can they help predict future pric ...

Doubts Cast on BRICS Common Currency Proposal by Macroeconomist

Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar. In an interview with Cointelegraph just days before the BRICS ...

CPI report may show uptick in US inflation — How will Bitcoin price react?

The S&P 500 index is currently trading only 6% below its all-time high, which was reached in January 202. Traditionally, such a situation would be seen as a bullish sign for risk-on assets, including commodities and cryptocurrencies, but this time, it appears that investors have been using th ...

Play-for-Gold: This game backs in-game NFTs with physical golden eggs

Backed by the FRUITS Eco-Blockchain Project, the upcoming Web3 game Golden Egg Wonderland will allow players to exchange in-game NFTs for real golden eggs.Since its inception, Web3 gaming has become a crucial part of the blockchain ecosystem. Blockchain-based ga ...

Rising Inflation in Turkey Spurs Interest in BTC and Stablecoins as Residents Seek Refuge

Inflation in Turkey has reached 44% And residents seek salvation in BTC and stabelcoins The Turkish lira fell by more than 20% against the dollar after the elections. Now $1 sells for 20 liras. Over the past decade, Turkish fiat has lost more than 90% of its v ...

Businessman Criticizes Possible Increase in National Debt Ceiling, Advises Investing in Gold, Silver, and Bitcoins

Businessman criticizes possible increase in the national debt ceiling Kiyosaki compares the national debt crisis in the US to a "Kabuki theater." He advised to invest in gold, silver, and bitcoins Businessman, Robert Kiyosaki, author of the bestseller ...

Bitcoin Market Value Declines as Mining Companies Sell Off Assets

Analysts at the CryptoQuant platform report that bitcoin sales by mining companies have led to a decline in the market value of the first cryptocurrency. Over the past 24 hours, miners sold about 1,750 BTC from their wallets at one time for about $47 million, which, accor ...

Robert Kiyosaki Urges Investors to Consider Gold, Silver, and Bitcoin Amidst Economic Concerns

The author of the bestseller "Rich Dad, Poor Dad" Robert Kiyosaki once again expressed fears about the possible large-scale recession, urging investors to invest in gold, silver and bitcoin. Robert Kiyosaki once again criticized the U.S. government on Twitter for incompet ...

Circle Rebalances USDC Collateral with $8.7 Billion Repo Deal, Involving Major Banks

This highly liquid position serves to protect reserves The deal involves major banks, including Goldman Sachs Circle has rebalanced the USDC token collateral again. The Black Rock Fund, which manages the asset reserves, has entered into several repurchase transac ...

U.S. Investors Look to Hedge Bitcoin Risk Amid Default Concerns

A roughly 10% of U.S. investors have expressed their intention to hedge their bitcoin risk amid fears of an all-American default, Bloomberg writes. About 8% of professional investors surveyed and 11% of retail investors said they would be more willing to buy bitcoins than a ...

Investors Seek Gold, Treasury Bonds, and BTC as Safeguards Amid Rising US Default Risk

It competes with gold and Treasury bonds But the traditional "hedge currencies," the yen and Swiss franc, have fallen far behind The risk of a technical default in the United States is gradually growing. If Republicans and Democrats do not agree on the debt limit ...

Analyst Predicts Bitcoin Could Rise as US Banks React to Fed Chairman’s Speech

An analyst and cryptotrader, founder of the consulting crypto-platform EightGlobal analyzed the relationship between the banking sector and the crypto market, listing possible scenarios for the first cryptocurrency. U.S. bank stocks reacted by falling on the speech of U.S ...

Validus Power Executive Believes in Investing in Real Estate, Bitcoin, and Gold to Insure Against Banking Crisis

Executive director of Validus Power Corp believes investing in real estate, bitcoin and gold can insure investors against losses related to the banking crisis. Greg Foss, in an interview with Kitco News reacted to a recent statement by U.S. Federal Reserve (Fed) Chairman Je ...

Ray Dalio Prefers Gold Over Bitcoin

In a recent interview on Chris Williamson’s YouTube podcast, billionaire Ray Dalio shared his thoughts on Bitcoin, revealing that he has a small amount of the cryptocurrency, but still prefers gold. Despite admitting to having some BTC, Dalio remains cautious about the digital asset, warning that ...

Former BitMEX CEO Believes Cryptocurrencies Offer Protection Against Broken Banking System

The previous CEO of BitMEX, a cryptocurrency derivatives exchange, believes that investing in cryptocurrencies is a wise move in a "flawed banking system" as it provides protection against the risk of losing funds. Arthur Hayes elaborated on why he believes that cryptocurrencies are an excellent ...

Robert Kiyosaki on Cryptocurrency, Gold, and Silver: Why He Doesn’t Trust the Federal Reserve System or the US President

Robert Kiyosaki, the author of the highly successful book "Rich Dad Poor Dad," is a strong advocate for cryptocurrency, as well as gold and silver. He has voiced his mistrust of both the Federal Reserve System and the current US President. In a recent tweet, Kiyosaki stated that he believes Bi ...

Bernstein Research Recommends Bitcoin over Gold for Better Profitability

According to a recent report by Bernstein Research, experts suggest that gold investors should consider investing in Bitcoin for higher profitability in the foreseeable future. Despite Bitcoin's impressive 71% growth since the beginning of the year, many investors are still skeptical about its lo ...

Texas Senator introduces bill for state digital currency backed by gold

Republican politicians from Texas, Senator Bryan Hughes and Representative Mark Dorazio, have recently introduced a bill proposing the creation of a state digital currency backed by gold. The proposed stablecoin will not be tied to the US dollar but to a fraction of a troy ounce of gold held in t ...

Peter Schiff Praises ChatGPT’s Investment Recommendation of Gold over Bitcoin

Peter Schiff, a well-known critic of cryptocurrencies, recently shared his thoughts on the investment recommendations provided by the ChatGPT neural network. According to Schiff, ChatGPT is "intelligent enough to prefer gold over bitcoin." Recently, the Gold IRA Guide published a report on the ...

Morgan Creek Capital CEO Mark Yusko Talks about Cryptocurrency Adoption

During a recent Tech Path Crypto podcast, Mark Yusko, the CEO of investment firm Morgan Creek Capital, discussed his thoughts on the global adoption of cryptocurrency. One of his concerns was that the vast majority of bitcoins, around 80%, are held outside of the United States, with Americans onl ...

CEO of Van Eck Associates Predicts Lateral Movement in 2023 with Possible Bull Cycles for Bitcoin and Gold

During an episode of Closing Bell: Overtime on CNBC, the CEO of Van Eck Associates expressed his belief that the current uncertainty in the banking system is temporary and that both bitcoin and gold could be at the beginning of a new bull cycle that could last for several years. However, Jan Van ...

Galaxy Digital CEO Michael Novogratz advocates for investing in Bitcoin and Gold

Galaxy Digital CEO Michael Novogratz has reiterated his support for investing in bitcoin and gold, particularly in light of the recent banking crisis in the United States. During an appearance on CNBC's Squawk Box, Novogratz pointed out that banks often cut back on lending in order to restore the ...