gold | ForkLog

ForkLog 67 02.07.2024

Arthur Hayes Declares Bitcoin a More Reliable Safe Haven than Gold

Former BitMEX CEO Arthur Hayes believes the world is on the brink of a new “mega-local inflationary cycle.” In such conditions, investors should consider shifting from stocks and bonds to gold. Bitcoin surpasses precious metals due to the absence of national control. Investing in cryptocurrencies is “the best way to preserve wealth.” In this regard, […]

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ForkLog 20 17.06.2024

Tether Introduces Gold-Backed Digital Asset in Alloy Series

Tether, the issuer of USDT, has introduced the aUSDT token, backed by Tether Gold (XAUT), as part of its Alloy series of “pegged assets.” According to the press release, aUSDT aims to redefine stability in the digital economy by combining the benefits of a stable unit of account with the security and reliability of gold. […]

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ForkLog 16 25.04.2024

Bitcoin Deemed Scarcer Than Gold, Expert Asserts

For 6,000 years, gold has been considered scarce, but its extraction intensified with the advent of the industrial age. This highlights the uniqueness of Bitcoin, which has undergone its fourth halving, noted analyst and CMCC Crest co-founder Willy Woo. Gold production going to the moon as technology gets better. Gold has had 6000 years of […]

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ForkLog 8 04.04.2024

Gold Enthusiasts Seize on Bitcoin’s Correction

The price of gold has reached a new all-time high, providing gold enthusiasts with fresh ammunition to criticize the leading cryptocurrency amid its recent correction. According to data from American Hartford Gold Group, as of April 4, gold prices have nearly hit $2300 per troy ounce, with growth accelerating since mid-February. Data: American Hartford Gold […]

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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 16 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 23 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 19 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 55 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 14 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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