Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan
According to JPMorgan this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin.
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Legacy Investor Bill Miller Compared Bitcoin to a Ferrari and Gold to Horse and Buggy
The former Chairman and CIO of Legg Mason Capital Management – Bill Miller – once again shared his support towards the primary cryptocurrency by likening it to a Ferrari. On…
Mr.Wonderful’s crypto allocation is now larger than his gold holdings
Shark Tank star Kevin O’Leary stated that “Crypto for the first time is more than gold for me” and doesn’t see a situation where crypto “goes away” as a result…
Gold Spikes on US Debt Fears — Finance Portal Disowns End-of-Year Gold Price Prediction
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and…
Chamath Palihapitiya: Bitcoin Has Effectively Replaced Gold
The argument claiming that bitcoin is or will someday be better and more utilized than gold has received further support from the CEO of Social Capital Chamath Palihapitiya. In a…
Rich Dad Poor Dad’s Author Now Invests in ETH After BTC and Gold
Robert Kiyosaki – founder of Rich Global LLC and Rich Dad Company – recently told his followers to invest in Ethereum before “the biggest crash in history.” Thus, the author…
Bitcoin Is Anti-Fragile, Says Morgan Stanley Executive
The Head of Counterpoint Global at Morgan Stanley Investment Management – Dennis Lynch – believes bitcoin has the ability to gain in times of economic disruption and he referred to…
Melanion Capital’s CIO Disagrees with Ray Dalio: Regulators Will Not Kill Bitcoin
Jad Comair – Founder and CIO of Melanion Capital – opined that regulators would not “kill” bitcoin if it becomes too successful. Such a move would be possible only in…
SEC Could Approve a Bitcoin Futures ETF by October, Says Bloomberg Strategist
The US Securities and Exchange Commission could greenlight a Bitcoin futures ETF as early as October this year, said Bloomberg’s Senior Commodity Strategist – Mike McGlone. He also doubled down…
Evergrande Losses Sparks Fear of Looming Credit Contagion, Janet Yellen Asks to Raise US Debt Ceiling
Global investors have their eyes peeled on the Evergrande Group or the Evergrande Real Estate Group, China’s second-largest property developer by sales. Evergrande Group shares nosedived on Monday dropping to…