gold | ForkLog

ForkLog 9 15.03.2024

JPMorgan Analysts Attribute Bitcoin Rally to Speculative Investors

The recent surge in the cryptocurrency market is primarily driven by retail and speculative institutional investors purchasing both gold and bitcoin futures, according to analysts at JPMorgan. This was reported by The Block, citing the company’s report. Since the launch in early January, spot bitcoin exchange-traded funds (ETFs) have seen significant inflows, while gold ETFs […]

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ForkLog 8 08.03.2024

JPMorgan Questions Bitcoin’s Ability to Replace Gold in Investor Portfolios

Bitcoin has outperformed gold in investor portfolios when adjusted for volatility, but in terms of value, this is unrealistic. This conclusion was reached by JPMorgan, reports The Block. Analysts noted that the status quo will persist, despite significant inflows into ETFs based on the first cryptocurrency. According to the specialists, risk is a critical factor. […]

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ForkLog 10 03.03.2024

Bitcoin’s Edge Over Gold: Decentralization and Limited Supply

The premier cryptocurrency surpasses gold due to its limited supply and decentralization, according to Jack Mallers, CEO of the payment app Strike, at the Bitcoin Atlantis conference, reports CCN. He argues that Bitcoin’s finite supply and predictable, unchangeable issuance give it an advantage over other currencies. “With enough demand for gold, we will find more […]

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ForkLog 13 20.02.2024

Bitcoin Poised to Surpass Gold as a Store of Value, Expert Suggests

A significant influx of capital into exchange-traded bitcoin products poses a long-term threat to gold’s status as the primary store of value, an expert has suggested. This is reported by The Block. Andre Dragos, Head of Research at ETC Group, highlighted the growing divergence between flows related to crypto funds and gold. “This could be […]

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ForkLog 13 15.02.2024

Bitcoin Outshines Gold: Expert Notes Capital Shift to Cryptocurrency ETFs

Since the start of 2024, gold ETFs have seen an outflow of $2.39 billion, while inflows into funds based on the leading cryptocurrency have reached $3.89 billion. These figures were presented by Bloomberg analyst Eric Balchunas. Meanwhile it’s a pretty bad scene right now in the gold ETFs category… via @SirYappityyapp in our just published […]

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ForkLog 45 06.02.2024

Cathie Wood: ETFs Shift Investor Focus from Gold to Bitcoin

Bitcoin is increasingly replacing gold as a capital preservation asset, a trend likely to continue with the advent of exchange-traded funds (ETFs). This was stated by ARK Invest CEO Cathie Wood. To support her claim, Wood presented a chart comparing bitcoin to gold. Data: ARK Invest. According to the ARK Invest CEO, an exchange-traded fund […]

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ForkLog 7 30.06.2023

North Carolina House approves bill to invest state treasury funds in gold and Bitcoin

North Carolina House of Representatives approved a bill allowing the state's Treasury to invest funds in gold and Bitcoin.

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ForkLog 12 26.05.2023

JPMorgan flags $45,000 as a guide for Bitcoin’s rally

A price of $2,000 per troy ounce of gold is equivalent to about $45,000 in Bitcoin, as the two assets typically move in tandem and are seen as alternatives. JPMorgan analysts arrived at this conclusion.

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ForkLog 9 15.05.2023

Zimbabwe sells gold-backed digital tokens worth $39 million

On 12 May, the Reserve Bank of Zimbabwe (RBZ) announced 135 applications totalling 14.07 billion ZWD (~$39 million) for the purchase of gold-backed digital assets.

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ForkLog 6 05.05.2023

Zimbabwean authorities set price for gold-backed tokens

The RBZ designated the minimum purchase price for gold-backed digital assets — $10 for individuals and $5,000 for corporates.

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ForkLog 7 04.05.2023

Trader Urges Pulling Money From Banks and Putting It Into Gold and Bitcoin

Founder of trading platform Eight Michaël van de Poppe urged market participants to 'take' money out of banks.

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ForkLog 12 21.03.2023

Expert says gold and Bitcoin are a hedge against the collapse of traditional finance

Gold and bitcoin stored on a non-custodial wallet will help insure against the collapse of fiat money, according to Ari Paul, founder of the crypto fund BlockTower Capital.

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