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 ...
