A hedge against “massive” inflation Cramer’s kids will not understand gold CNBC’s veteran Jim Cramer claims that the $3 trln relief package made him change his mind about Bitcoin, the world’s largest cryptocurrency by market cap. “For a long time, people would say ‘well, how about Bitcoin’, and I said Read more…
Bitcoin has stabilized after last week’s sharp sell-off, but is there going to be more short-term pain before we see long-term gains, or is the selling already done? After last week’s sizeable drop, Bitcoin has struggled all week to get going. Every recovery attempt has been futile. Similar price action has Read more…
On Saturday (May 16), Robert Kiyosaki, best known as the author of the “Rich Dad Poor Dad’ series of personal finance books, made some quite bold price predictions for silver, gold, and Bitcoin. “Rich Dad Poor Dad“, which is one of the top 10 personal finance books of all time, is a book Read more…
Fascination and enthusiasm for Bitcoin is running red-hot. And it’s not hard to see why. On the pretext of pandemic panic, the U.S. Federal Reserve is printing and spending $41 billion a day. Altogether, the Fed and other central banks will create more than $6 trillion in new money in 2020. This Read more…
Galaxy Digital CEO Mike Novogratz says that institutional money is now flowing into Bitcoin (BTC) during his recent appearance on CNBC’s “Closing Bell.” According to the former Wall Streeter, many hedge funds are expected to make announcements about adding the benchmark cryptocurrency to their baskets of assets: We are seeing lots of Read more…
The cryptocurrency community believes that Bitcoin was made for the type of economic upheaval that has gripped the world since COVID-19. Billionaire trader Mike Novogratz tends to agree, saying in an interview with CNBC that Bitcoin is facing a key moment, as monetary policymakers continue to dole out trillions in stimulus. The Galaxy Digital Read more…
The coronavirus-driven economic downturn has prompted Bank of America to revise its price forecast for gold upwards, bringing its prediction to $3,000 in the next 1-2 years. But despite being warring assets, experts believe this may be positive for Bitcoin. In the last few weeks, central banks have flooded the global economy Read more…
Peter Schiff, a well-known economist and renowned author, has taken another stab at Bitcoin. As he commonly compares the digital asset with gold, outlining its lack of intrinsic value, the expert now says that the precious metal will outperform Bitcoin as the latter will simply crash. Peter Schiff Back To Read more…
More and more financial experts are standing behind gold’s role in an upcoming economic turmoil. The merits and safe-haven status of the precious metal are aligning popular beliefs that it will outperform most (if not all) financial assets in the next few years. Gold To Stand Above All Whether or Read more…
When it comes down to investing, Bitcoin and gold have been heavily compared. According to a new poll initiated by the former Congressman of Texas, however, Bitcoin is seriously preferred over Gold and other investment options. 10-year Investment Survey Ron Paul, the former congressman from Texas, initiated a poll on Twitter asking Read more…