Could Bitcoin Reach $250,000? Hedge Fund Manager Says Yes, Calls it ‘Digital Gold’

Hedge fund manager Mark Yusko is not concerned with the recent Bitcoin dip. The oldest and most significant crypto dropped to $56,000, 16% below the all-time high of $68,000. Despite that, Yusko thinks that Bitcoin is still on its way to reaching $250,000. Mark Yusko, CEO of hedge fund Morgan Creek, explained why he thinks Bitcoin could reach a per-coin price of $250,000. He did not pull that number out of the air, said the hedge fund manager and Bitcoin…

Recent Survey Shows 77% of Russian Investors Prefer Bitcoin to Gold

Based on a recent survey metrics, 77% of Russian investors take bitcoin or cryptocurrency as a superior investment tool than gold. Only 9% believe that gold is a better investment option. There was also another 14% who stated that they believe that familiar national currencies are the best choice. For the longest time, people have considered gold the safest and most common form of investment when it comes to investments. However, cryptocurrency adoption is spreading like a bushfire. People are…

Newcrest Mining CEO: Crypto Investors Need Gold to Hedge Against Price Volatility

Sandeep Biswas, CEO of Newcrest Mining, one of the world's largest gold mining companies,  suggested that crypto investors should consider buying gold to hedge against the crypto market's high price volatility. In an interview today, Biswas told Bloomberg that part of the reason crypto investors should acquire the popular bullion is that its value is more stable. According to the CEO, owning gold will be in the best interest of cryptocurrency investors. Hedging Against Price Volatility Biswas’ comment comes on the…

Bitcoin Could Become a Reserve Currency – Former Canadian Prime Minister

Stephen Harper, the former Prime Minister of Canada, has expressed a favorable opinion on popular cryptocurrency Bitcoin (BTC).  He believes that Bitcoin could integrate the currency reserves of global countries in the future. Bitcoin a viable alternative to the US Dollar Stephen Harper shared his views in an interview during the Vancouver Resource Investment Conference. Harper spoke of Bitcoin in the context of a weakening US dollar (USD), which is the most important reserve currency for large economies. The former…

3 Reasons Why Bitcoin Will do Better than Gold in 2021

On December 17th, 2020, bitcoin's price surged for a few hours, breaking its November record and hitting 23,800 US dollars, the highest unit price ever recorded. At this point, some investors foresaw an even better future, with better gains.  Ever since the inception of Bitcoin in 2009, the asset has proved to be one of the most prolific financial investments of the 21st century, paralleling other investment assets, including equity. Due to those recent events in bitcoin's unit price, it's…

Bitcoin’s Institutional Adoption Has Only Begun – JPMorgan

It’s been a great year for Bitcoin, both in price and mainstream adoption, but American banking giant JPMorgan Chase thinks this is only the beginning.  The Wall Street powerhouse bank believes that Bitcoin’s adoption puts gold in jeopardy as the precious metal will “suffer for years” because of the leading cryptocurrency.  A Shift To Crypto The bank predicts a significant shift from the traditional asset markets into the crypto markets in the long run.  Analyzing the 2020 Q4 trend, JPMorgan…

Bridgewater CEO Says Bitcoin Is An Interesting Investment Similar To Gold

Bridgewater Associates fund CEO Ray Dalio has described Bitcoin as an alternative investment similar to gold. Dalio's recent comments seem to indicate that he has relaxed his previous stance towards digital currency. Bitcoin Bears Similarities Like Gold The billionaire investments made these statements during a question, and answer session (AMA) held yesterday via Reddit. Dalio responded to questions regarding the financial scape and was asked about his position on digital currencies. A user under the alias @NassimTalebisCoolLeb told Dalio the…

5 Reasons Why Bitcoin Outshines Gold as a Global Reserve Currency

Over the last decade, there have been endless debates regarding gold vs. Bitcoin. On both sides of the aisle, parties have put forth compelling arguments as to why they feel one asset is better than the other. Some insist that Bitcoin is digital gold, while others believe the two are not comparable by any means.  As the world shifts to a digital economy, it becomes crucial to understand what continues to make Bitcoin an attractive alternative to the world’s original…

Everything You Need to Know about Sudan Gold Coin Project

The first cryptocurrency made its way into the world in 2009.  Over the years, more cryptocurrencies have emerged, and the adoption of digital coins and blockchain technology will be significant in various industries globally.  However, even with the progress made over the last decade, cryptocurrencies are yet to achieve the milestones we would expect after ten years of existence. The primary reason why these digital currencies are yet to grow significantly is because of all the excitement surrounding the coins. …

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