Bank Lines in Athens Trigger a Rush to Gold and Bitcoin

Bank Lines in Athens Trigger a Rush to Gold and Bitcoin

The crisis in Greece is unfolding so fast that new breaking updates are being published every hour. Yesterday, Greece became the first developed nation ever to default on the International Monetary Fund (IMF). Hours after Greece missed the deadline for its repayment to the IMF, European ministers will meet to discuss the Greek request for a new bailout,....


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Over the past two years, there has been a fanatical rush towards the blockchain concept from legacy financial institutions and global corporations. The behavior towards this technology right now is similar to the Californian Gold Rush in the mid-1800s. With many individuals and groups flocking to distributed ledger solutions, the ones who strike gold....

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Wells Fargo Investment Institute Report Compares Bitcoin to the 1850’s Gold Rush

On Monday, the U.S. bank Wells Fargo’s wholly-owned subsidiary and registered investment adviser the Wells Fargo Investment Institute published an investment strategy with a page dedicated to the crypto asset bitcoin. The institute’s contributing author and head of real asset strategy, John LaForge, compared crypto investing to the “early days of the 1850’s gold rush.” This week John LaForge from the American multinational financial services company Wells Fargo published an investment strategy editorial for the bank’s subsidiary the Wells Fargo....

The Greek Dilemma: Hyper Inflation, Austerity, or Bitcoin?

The never ending tragedy known as the Eurozone is flirting with disaster and the unknown consequences of what would happen if Greece is ejected by brute force or leaves by sheer will from the EU. Interestingly enough, the first Bitcoin ATM has arrived in Athens just in time. The clear lesson being learned is the recipe of political and social integration before economic integration makes a terrible meal. A lot of noise and overcomplicated explanations have been put forth as to what will happen. In reality, there are four options left as to how this can play out: “Hours after the call for a....

Gold and Bitcoin: A Match Made in Digital Heaven

Financial services company Bitreserve, which allows customers to hold funds in U. S. dollars, euros, pounds, yen and yuan, is now presenting gold as a non-fiat currency for users. Bitreserve members now have the option of holding gold through their Bitreserve accounts and exchanging it for bitcoin. Bitreserve's blog recently states: "Today, gold is considered by many to be the safest and most stable store of value... We are reviving gold for the purchase of goods and services. Bitreserve members can convert their bitcoin to bitgold, whose value is substantiated by bullion in our reserve,....