Only Ignorant Millennials Believe Bitcoin Will Replace Gold: Investment Mogul

Only Ignorant Millennials Believe Bitcoin Will Replace Gold: Investment Mogul

Gold vs. Bitcoin is a debate that has heated up ever since the virtual currency took off a few years back. Crypto proponents believe that it’s time to move on from gold as the standard store of value, and Bitcoin’s is the obvious replacement. However, according to one investment mogul, the two are not directly opposed and both have their own pros. Only ignorant millennials believe that Bitcoin can replace gold as a store of value, he added.
Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust

Grayscale Reports $3.2 Million Average Weekly Investments in Bitcoin Trust

The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run. According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018.
Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year

Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year

With gold on the defensive and down roughly 6 percent since mid-February, bitcoin may continue to shine brightly in the near future. After all, experts have found the two assets to be inversely correlated. The 90-day correlation coefficient between bitcoin and gold – a statistical measure of linear interdependence between the two variables – is currently seen at -0.
“Bye Gold, Buy Bitcoin”: Grayscale Urges Investors to Drop Gold for BTC

“Bye Gold, Buy Bitcoin”: Grayscale Urges Investors to Drop Gold for BTC

Grayscale Investments is weighing in on the gold versus bitcoin debate. Its two sats? Drop the bars, buy the bits (and the dip). The Digital Currency Group off-shoot has launched a “Drop Gold” campaign that encourages investors to ditch the old asset for its digital counterpart, bitcoin. “Everyone loves a piece of gold jewelry, but is gold really the best investment in today’s digital world?” This is the rhetorical question that the website challenges its readers to consider.

Bitcoin Price Watch: The Next 12 Months May Lead to Stagnation

Source: Shutterstock At press time, the father of cryptocurrency is trading for about $3,424.

Bitcoin Price Watch: Will the Currency Repeat Its Previous Behavior?

At press time, the father of crypto has shot back up to $6,300 after falling to its lowest point in weeks. Recently, bitcoin was traversing the $6,200 range after sitting at $6,400 for some time. No one expected the currency to move all that much considering volatility has been at an all-time low, but move it did, and the price repeated its early October behavior.

Bitcoin Futures Isn’t Taking Gold’s Shine Away: Goldman Sachs

As interest continues to surge for bitcoin, could it soon become the new gold? According to Goldman Sachs, the answer is no.
Analysts Blame Gold’s Fall On Bitcoin’s Rise

Analysts Blame Gold’s Fall On Bitcoin’s Rise

As bitcoin’s price has surged, gold has suffered.

Winklevoss Twins Expect Bitcoin Market Cap to Surpass Trillions in Long-Term

Tyler and Cameron Winklevoss, better known as the Winklevoss twins, expect the market valuation of bitcoin to surpass trillions of dollars in the upcoming years.
51% of Respondents Chooses Bitcoin Over Gold and Fiat: Ron Paul Survey

51% of Respondents Chooses Bitcoin Over Gold and Fiat: Ron Paul Survey

The poll of former Texas congressman Ron Paul participated by more than 43,000 social media users has shown that the majority of respondents would rather have bitcoin over gold, US Treasury Bond, and the US dollar.
‘Buy Bitcoin’ Overtakes “Buy Gold” as Private Gold Trading Declines in October

‘Buy Bitcoin’ Overtakes “Buy Gold” as Private Gold Trading Declines in October

Private investor gold trading fell by a third in October as Google searches to ‘buy bitcoin’ overtook yellow metal searches worldwide, according to BullionVault. Adrian Ash, the director of research at BullionVault, the physical gold and silver market for private investors online, said that the amount of gold changing hands shrank by nearly one-third in October compared to the previous 12 months, down by 31.5 percent. Ash reports that gold buyers fell by 9.7 percent during October from the month before, whereas the number of sellers declined by 26.

Apple Co-Founder Wozniak: Bitcoin is Better than Gold

Apple co-founder Steve Wozniak believes that bitcoin is superior to both gold and the “phony” U.S. dollar. As reported by Bitcoin Magazine, Wozniak made this assertion at the Money 20/20 conference in Las Vegas, explaining that although bitcoin is criticized for its price volatility, it is more stable than government-backed currencies such as the U.

Vaultoro Continues on Its VC Funding Road to Future Growth With Finlab AG

Vaultoro, a bitcoin-to-gold exchange, has secured funding from Finlab AG, a fintech company based in Frankfurt, Germany. Vaultoro co-founder Joshua Scigala stated that the funding from Finlab will allow them to reach their goals faster. The first upgrade the company plans to implement will be a real-time gold-backed debit card. The card will allow the customers of the firm to hold their allocated gold — stored in a high-security Swiss bullion vault — while they can easily spend the funds anywhere Visa or Mastercard is accepted.
Gold Dealer Sharps Pixley Begins Accepting Bitcoin

Gold Dealer Sharps Pixley Begins Accepting Bitcoin

A well-known gold dealer based in London is now accepting bitcoin payments for its precious metal products. The company, Sharps Pixley, announced on September 26 that it would begin accepting the cryptocurrency through a partnership with payments processor startup BitPay. In statements, representatives from the firm framed the move as a way to offer wealthier clientele a way to invest in gold using their cryptocurrency holdings instead of fiat money. "It is our view that many investors in bitcoin would like the option of holding intrinsic value in a traditional safe haven asset like gold, and be able to switch across in a simple and cost effective way.
Gold Investor John Hathaway: Cryptocurrencies Are Garbage

Gold Investor John Hathaway: Cryptocurrencies Are Garbage

A notable asset manager who focuses primarily on gold had a harsh word for the cryptocurrency market craze this week: "garbage." Speaking with Kitco.com, a precious metals news and data site, John Hathaway of Tocqueville Asset Management became the latest observer to brand the cryptocurrency market "a bubble.