Galaxy Predicts 74% Bitcoin Price Growth After ETF Debut
At this point, a 74% increase brings Bitcoin to well over $59,000, which does not include “second-order effects,” according to Galaxy Digital. According to Galaxy Digital, the price of Bitcoin will increase by 74.1% in the first year following the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States. Charles Yu, a research associate […]
SEMPSA JP introduces tokenized gold and silver on blockchain
SEMPSA JP, Spain’s foremost precious metals refinery, has teamed with Aurus to give bullion traders digital tokens backed by gold and silver. Through their online shops, five precious metals merchants who collaborate with SEMPSA JP are offering tGOLD and tSILVER tokens to the general retail market. Using the Aurus blockchain platform, the refinery tokenized an […]
Rich Dad Poor Dad author calls Bitcoin a ‘buying opportunity’
As the US currency strengthens and interest rates surge, Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad has referred to Bitcoin (BTC), silver, and gold as a “buying opportunity.” The author observed the prices of the Bitcoin and two other commodities, which are commonly referred to as “safe haven” assets, would continue declining […]
Bitcoin falls to $36.4K as Ukraine move sends Russian ruble close to 6-year lows vs. dollar
Analysts observe that gold has outperformed “digital gold (Bitcoin)” in the aftermath of geopolitical turmoil, with the XAU/USD crossing $1,900. The aftermath of Russia’s expected incursion into Ukraine triggered more market woes on Feb. 22. Bitcoin (BTC) fell to new lows. As Bitcoin falters, gold comes to the rescue BTC/USD hit $36,400 on Bitstamp overnight […]
Henry Ford proposed an ‘energy currency’ to replace gold 100 years ago
Bitcoin seems to fit the idea of an energy-backed currency established by a famous American inventor during the interbellum period. In 1921, American manufacturer Henry Ford proposed the establishment of an “energy currency” that might serve as the foundation for a new monetary system, eerily similar to Satoshi Nakamoto’s 2008 Bitcoin (BTC) whitepaper’s peer-to-peer electronic […]