Bitcoin And Gold Poised For Growth Amidst US Fiscal Troubles, Top Macro Inves...
Bitcoin (BTC) and gold, two seemingly divergent assets, find common ground in the eyes of veteran macro investor Luke Gromen. In a recent interview, Gromen posits that these assets could flourish as the fiscal challenges in the United States continue to mount. Gromen’s argument hinges on the idea that both gold and Bitcoin are “duration assets” with fixed supplies and the potential for their face values to rise. In times of fiscal distress, these assets tend to shine. Related Reading: Crypto Era Looms: BIS Innovations Chief Calls On Central Banks To Prepare As the US....
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Parsing the history of money, stock-to-flow ratio transaction costs and other critical metrics demonstrates that bitcoin will replace gold. The post Pass The Baton Already: Why Bitcoin Is Poised To Replace Gold appeared first on Bitcoin Magazine.
In a recent interview with CNBC, billionaire hedge fund manager and legendary investor Paul Tudor Jones expounded on his bullish stance on Bitcoin amidst mounting global tensions and economic uncertainties. Jones, an influential figure in the investment world, highlighted the current geopolitical environment as one of the most “threatening and challenging” he has ever witnessed and emphasized the importance of diversifying investment portfolios with assets like Bitcoin and gold. Jones told CNBC, “I love gold and bitcoin together. I think they probably take on a larger....
The founder of the world's largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold.
Net inflows into SPDR Gold Shares surged to a new record of $1.63 billion, the highest since its listing in 2004. The surge of net inflows into one of the largest gold exchange-traded funds (ETFs) comes against a backdrop of falling cryptocurrency and stock values. Investors More Bullish on Gold One of the world’s largest gold ETFs, SPDR Gold Shares, recently recorded a net inflow of $1.63 billion, the highest since its listing in 2004, a report has said. Friday’s record inflow, which comes as stock and crypto prices have been tumbling, could be a sign that investors are....
Bitcoin is in no man’s land in terms of its price as it balances above $10,500 but remains below the $11,000 resistance. The cryptocurrency is still in a positive macro bull trend though, analysts say. One reason why these analysts remain confident is that macro trends are favoring growth in the value of Bitcoin. One such trend is the ongoing deflationary trends in Europe, Dan Tapiero of 10T Holdings recently suggested. Tapiero is a long-time […]