Quick Breakdown Financial institutions are adopting the “debasement trade,” betting on Bitcoin and gold amid weakening fiat currencies. Experts describe it as the “dark matter of finance,” influencing global markets unseen. With the U.S. dollar falling 12% this year, investors are shifting toward assets designed to preserve value. Financial institutions ...
Bloomberg has launched two new financial indices designed to help investors mix Bitcoin and gold in their portfolios. According to the financial media giant, these new indices, called the Bloomberg Bitcoin and Gold Equal-Weighted Index (BBIG), and the Bloomberg Dollar, Bitcoin and Gold Equal-Weighted Index (BBUG), would help simplify investing ...
Crypto analyst Michaël van de Poppe predicts that Bitcoin could hit a new all-time high within two to three weeks. He parallels gold’s impressive rally, expressing confidence that Bitcoin will mirror its performance. #Bitcoin is likely to print new all-time highs. Gold has been printing strong all-time highs and I ...
The investment world is buzzing with a fascinating debate: Is Bitcoin the new gold, or does the timeless allure of gold still reign supreme? Federal Reserve Chair Jerome Powell recently stoked the conversation by comparing Bitcoin to gold, calling it "just like gold, only virtual." His remarks have reignited discussions ...
In a notable trend shift, while spot Bitcoin exchange-traded funds (ETFs) have been attracting significant inflows since their January launch, major gold-tracking ETFs are experiencing substantial outflows, amounting to $2.39 billion since the beginning of the year. Bloomberg Senior Intelligence Analyst Eric Balchunas highlighted this divergence in investor sentiment, reporting ...
Zimbabwe's central bank has defied warnings from the International Monetary Fund (IMF) and issued digital tokens backed by gold worth $39 million. This decision comes as the country grapples with high inflation and volatile currency fluctuations. The tokens were launched in April and made available for purchase from May 8 ...
