Bitcoin At $1 Million? CEO Says It’s The Price To Beat Gold
According to CNBC’s Power Lunch, Galaxy Digital CEO Mike Novogratz thinks Bitcoin could climb all the way to $1 million per coin if big institutions keep piling in. The cryptocurrency hit a weekly peak of $110,290 on Tuesday. It slipped 4.5% to $104,300 by Thursday, but it’s still climbed 1.75% over the past seven days. Novogratz says this isn’t just hype. He points to firms moving cash from dollars and gold into crypto. Related Reading: BTC Is Just 0.2% Of Global Wealth — And That’s Why It’s Not Too Late: Analyst Institutional Moves Up Demand BlackRock’s iShares Bitcoin Trust (IBIT) went....
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Gold might be the next milestone for Bitcoin as there appears to be little that can stop the current ‘bull run’ as price has broken the $1,100 mark. Yet Another Milestone. And the beat goes on! It is clear that there is little that can stop the ‘bull run’ Bitcoin is on right now, as Bitcoin price has passed $1,100 just 72 hours after reaching four figures on New Year’s Day. This epic push towards new all-highs has been in the makings for a long time. The first major push began on Election Night, November 8th, 2016, in the United States. When it became clear that Nationalist Donald Trump....
Not only has Bitcoin outperformed every other major currency, stock index and commodity on the market to put it within reach of its record all-time high set in 2013, but it is also aiming to break the price per ounce of gold set at $1134. The prices to beat for the digital currency to reach its Nov. 30, 2013, all-time high tag of $1132.29 are in the $900-range, which the market shows it has already stepped into. Platinum and gold prices. Market figures also show that Bitcoin has overtaken the end of day commodity futures price quotes of $893 for platinum on Dec. 23. Now, with the rising....
Bitcoin is often called digital gold, much to the dismay of gold bugs like Peter Schiff. Unfortunately for boomers like Schiff, millennials like his son Spencer, are increasingly opting for the cryptocurrency instead. Schiff even recently slammed his son publicly on Twitter, insulting his purchase of BTC, and calling his investing ability into question compared […]
The competition between gold and bitcoin as the better inflation hedge continues to wax on. It has become even more prominent in light of the recent invasion of Ukraine by Russia which saw citizens of both countries race towards various assets to protect their wealth in these uncertain times. In all of this, some assets […]
Agora Commodities, a company specializing in selling investment-grade precious metals, announced today that they've sold $10 million worth of gold and silver paid for in bitcoin. The impressive figure comes nearly one year after the company announced it would be accepting the digital currency - some time before the secondary "rush" of interest that took place in late 2013 (following the price spike in November). Agora dubs itself as "one of the earlier innovators in the Bitcoin market" and has become the world's largest bitcoin-to-bullion dealer in the world. Aside from gold and silver,....