Bitcoin can net you “a lot of money” but isn’t actually money itself, says Bitcoin holder Peter Schiff
Traditional asset classes are being digitized rapidly. “Look at the $8-trillion market for gold. More gold today is held globally as an ETF than as a bar of gold,” says Cred’s CEO
The total market capitalization of gold is estimated to be above $7 trillion, which is over 38 times that of bitcoin at the moment. However, there are those that think that the cryptocurrency is a better store of value for our age than the precious metal. The latest take on the idea explains how the […]
The post Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving appeared first on Bitcoin News.
Coinbase explains the key reasons that Bitcoin earns its reputation as digital gold
Trading in any market can be a difficult thing, especially if you lack technical knowledge. Luckily, there are services like managed investment accounts, where a professional does all the work for you. A managed investment account (or portfolio) can be defined as a set of assets that are given to a certain financial company, a broker or financial advisor, who are tasked with making all the investment decisions about the portfolio for you, and with the ultimate purpose of obtaining the best possible results.
Bitcoin mining rig deliveries from China are delayed due to the coronavirus according to a few Chinese manufacturers. Microbt and Ebang sent notices to customers via the firm’s Wechat channels. Sources say Bitmain and Innosilicon are delaying mining device shipments as well. Also read: How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion Microbt […]
The post Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay Orders appeared first on Bitcoin News.
While people tend to think of money as being all the same, the fact is governments and banks use different types of money than the everyday individual. From the top of the economic pyramid of world reserve currencies, down through central bank and commercial bank money, the capacities and function of different kinds of money […]
The post Hierarchies of Money: Why You Use Bank Money But the Bank Wants Reserve Currency appeared first on Bitcoin News.
Bitfinex rolls out Tether Gold trading against Bitcoin after launching support for the gold-backed stablecoin last week
Peter Schiff continues to see his Bitcoin criticism backfire after his BTC wallet password fiasco
U.S. President Donald Trump spoke at the World Economic Forum in Davos, Switzerland Tuesday saying the U.S. and other nations are “forced to compete … with nations that are getting negative rates, something very new.” Trump took direct shots at the U.S. Federal Reserve, claiming they’ve not lowered rates quickly enough. The harsh words echo […]