During the debate, Schiff said that “in reality, Bitcoin and gold have absolutely nothing in common” as gold has value due to its metallic properties, while Bitcoin is just a “giant pump and dump.”
Gold News
Nowadays, investors have divided into two groups: cryptocurrency vs gold. After comparing all the characteristics of digital money with precious metal, they appear to have a lot of in common. For example, they are produced through mining and both are almost impossible to destroy. Gold doesn’t react with acid or lye, and can’t be oxidized. In the same way, cryptocurrencies are immutable in that it is nearly impossible to shut down all the computers within the blockchain. Also, both of them can be profitable but still be at risk of cost fluctuations. In most transactions, they should be sold or exchanged for fiat currencies or an equivalent, but it is much easier to do with digital money. However, unlike gold, cryptocurrencies are not accepted in all countries.
For those who still can’t decide in which to invest, a group of Russian entrepreneurs has launched the GoldMint platform, which operates with a digital asset GOLD that is backed with reserves of real gold or ETH.
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Long-dated U.S. Treasury yields are slumping ahead of the Jackson Hole meeting.
5721Evolution Mining’s executive chairman said gold and Bitcoin could coexist, but the latter is not yet mature enough to deliver the established safe haven assurance of the former.
11334The statement appeared as a takeaway from Blockworks’ “Bretton Woods: The Realignment” conference that gathered economists, macro analysts and investors to discuss Bitcoin.
12451Jordan Peterson published a podcast titled “Bitcoin: The Future of Money?” this week that hosted Bitcoiners, including John Vallis, Der Gigi, Richard James and Robert Breedlove.
36310Gold disappoints on practically every timeframe while heading back toward all-time lows in BTC terms.
10495A third week of solid bullishness for BTC/USD comes as headwinds mount and gold tumbles to more than four-month lows.
19987Gold prices have dropped below $1,700 per ounce this morning in what analysts described as stop-loss driven selling.
15743Dalio sees gold as a hedge against inflation but also has a bit of BTC in his portfolio.
7483Rich Checkan described CBDCs as the spawn of Satan and thinks that Bitcoin is still a speculative asset and not a currency alternative yet.
5415Bitcoin's drop below $30,000 has sparked worries that it is heading to $20,000 next, but is such a massive drop feasible against the backdrop of current macro fundamentals?
12260Apple co-founder Steve Wozniak declared “Bitcoin is the only digital gold” years ago, but he claims that he still hasn’t invested in BTC.
16431Safe-haven rivals move inversely to one another in a quarter mired by mixed inflation reports, Elon Musk FUD, and a suddenly hawkish Federal Reserve.
3836Francesca Fornasari believes that Bitcoin may not be suitable for most institutional investors.
1718Ricardo Salinas Pliego doubles down on BTC yet again as gold and the U.S. dollar come in for serious criticism.
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