Ethereum and Gold, a Great Combo That Works Like a Charm
Ethereum and Gold, may not be comparable with each other, but they can definitely work well together. Ethereum has been performing really well as a cryptocurrency in the past few months. The number of trading platforms offering Ethereum as an option is increasing due to increased demand among the traders. The volatility associated with Ethereum has been one of the major factors driving the cryptocurrency’s demand. But, what is more interesting is the fact that Ethereum is not a digital currency like Bitcoin or Litecoin or even Dogecoin. The whole purpose behind Ethereum is completely....
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A British business school professor believes Bitcoin needs to go on a charm offensive to win over worried national regulators. Professor of Practice at Warwick Business School Jon Rushman said Bitcoin could have a permanent role amongst world currencies but only if it wins over regulators. Rushman told HedgeWeek: "Bitcoin needs to work harder on explaining its philosophy and on regulation, they need to do a bit of a charm offensive with the regulators and make them comfortable with it while being true to their principles." The prof, a former MD at BlackRock, said it was possible to imagine....
Bitcoin is known as the digital gold. In the recent days, many online bullion platforms have started accepting bitcoin payments to purchase gold. Bitcoin is dubbed as the digital gold. Bitcoin is a decentralized open source digital currency which operates independently without the interference of banking or financial institutions. Unlike traditional fiat currency, Bitcoin doesn’t need a trusted party to facilitate transactions as the members of the network themselves act like one. Bitcoin and Gold have many similarities. They both hold a unique position of being an alternative investment....
While gold will always be the first choice of safety net for a purist, the millennials believe bitcoin to be the new gold or the digital gold. The two contemporary safe havens during the times of economic crisis are the representatives of tradition and technology. While gold will always be the first choice of safety net for a purist, the millennials believe bitcoin to be the new gold or the digital gold. And seems it is truly a digital age, as proved by recent bitcoin high over gold. The world is increasingly turning to bitcoin as a safe haven. Nonetheless, the demand for gold invariably....
While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market Cap Swells Over 19,000% in Less Than 2 Years, While Pax Gold Increased by More Than 15,000% On February 21, 2020, the market valuation of tether gold (XAUT) was $2.1 million and 23 months later, the valuation has increased by....
“If the gold bet works, the Bitcoin bet will probably work better.” American billionaire Stanley Druckenmiller has changed course on Bitcoin, saying it has the potential to store value for future generations.Speaking on CNBC today, Druckenmiller said that, although he was still more heavily invested in gold than crypto, he had purchased at least some Bitcoin (BTC). He did not specify how much."Bitcoin could be an asset class that has a lot of attraction as a store of value to both millennials and the new West Coast money — and, as you know, they got a lot of it,” said the billionaire.....