Bitcoin Gold Correlation Hits 3-Month High
The relationship between bitcoin and traditional safe-haven asset gold has risen to a three-month peak as fresh capital in both begins to slow. Prices for bitcoin and the yellow metal have declined week over week since Feb. 1, while traditional equities — reflected in the S&P 500 — continue their uptrend. Both assets experienced a surge in January before enduring a slowdown in February — a month in which interest rate expectations increased following a robust US jobs report. (Blockworks)
Bitcoin Due Shake-Up vs. Gold, Stocks As BTC Price Dips Under $22.5K
Bitcoin is still in line for a breakout, analysis concludes, as short-term weakness sees BTC price fall below $22,500.
Bitcoin and Gold Have Highest Correlation in Over a Year, As Gold Approaches Its All Time High
Many narratives occur in the Bitcoin ecosystem, and one of them is Bitcoin is digital gold due to the fundamentals of Bitcoin.
Robert Kiyosaki Predicts Gold Price Soaring to $3,800 While Silver Rises to $75 in 2023
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted that the price of gold will soar to $3,800 this year while silver will hit $75. He also shared why he became “a gold bug” and “a silver nut.”
Gold Bug Schiff Fires Back at Cuban Over ‘dumb’ Comment
Euro Pacific Capital CEO Peter Schiff fired back at Mark Cuban in response to the entrepreneur’s previous comments on gold, saying he does not understand precious metal investing. During a Club Random Podcast posted on Dec. 26, host Bill Maher touched on the long-running Bitcoin vs. gold debate by weighing in with his preference for the latter. The billionaire owner of the Dallas Mavericks responded by saying, “I want Bitcoin to go down a lot further so I can buy some more.” Cuban added, “If you have gold, you’re dumb as f*ck.” (cryptoslate)
Goldman Sachs: Gold Is a Better Long-Term Investment Than Bitcoin ($BTC)
Goldman Sachs has revealed it expects gold to outperform the flagship cryptocurrency Bitcoin ($BTC) over the long-term over its demand drivers, while expecting the cryptocurrency to be more influenced by tighter financial conditions.
