Economist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing...
The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very reason. Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place in the Bank of Canada’s reserves. David Dodge: The Bank of Canada ‘Holding This Antique Instrument of Stability Called Gold Really Didn’t Make Any Sense’ David Dodge, the former seventh governor of the Bank of....
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Economist David Rosenberg has pleaded “ignorance on bitcoin” after saying that the cryptocurrency was in a massive bubble. He admitted that bitcoin has exceeded his expectation but he still prefers gold because he understands it a lot better than bitcoin. ‘Bitcoin Has Exceeded Almost Everybody’s Expectations’ David Rosenberg, chief economist and strategist at Rosenberg Research, admitted Thursday on Trading Nation that bitcoin had exceeded his expectation. His admission came after he said in December that bitcoin was “in a massive bubble.” The....
An antique shop in New Orleans is welcoming the bitcoin community, trading precious vintage goods for the digital currency. The store, which is called David's Antiques, Jewelry, Collectables Old & New is in the French Quarter of the city and is run by husband and wife team David and Ester Edry. Ester said she first became interested in bitcoin a year ago having read an article about it. "I enjoy and appreciate the community it creates, connecting us to clients and friends around the world. Bitcoin is bringing everyone together, free from exchange rates and red tape," she said. "Bitcoin is....
Bitcoin’s potential as an emerging safe-haven alternative to gold raised its demand among institutional players in 2020. But a prominent economist is still skeptical about the cryptocurrency’s growth. David Rosenberg, the chief strategist at Toronto-based Rosenberg Research & Associates, said in an interview with Bloomberg that Bitcoin is a “massive bubble.” He criticized the flagship […]
Gold is a commodity like bitcoin and other cryptocurrencies, Citi's chief economist argues in a research note published yesterday, ahead of a Swiss vote that could cause the global gold price to spike. Switzerland will hold a popular referendum on Sunday called 'Save Our Swiss Gold'. If passed, it would mandate the Swiss National Bank to hold a fifth of its assets in gold and to repatriate its holdings from England and Canada. The bank would also be banned from selling its gold in future. Gold prices have dropped as markets await the referendum. If the referendum is passed, gold prices....
A research firm’s head recently claimed Bitcoin’s capped supply could be changed. Bitcoin’s (BTC) price rise has brought all sorts of comments out of the woodwork. Although many carry a bullish tint, some folks still doubt crypto as a new store of value class. David Rosenberg, the chief economist and strategist, as well as president, of the firm Rosenberg Research & Associates, recently described gold’s supply as more predictable than Bitcoin’s."Everybody seems to believe that we're going to get to that 21 million cap on the supply constraint, but there's really nothing in the protocol to....