‘Bitcoin is the digital gold’ is a narrative that has become quite common. However, according to Coinshares’ Meltem Demirors, Bitcoin is much more than just a digital replacement for gold. Demirors who is the chief strategy officer at the digital asset management firm, CoinShares believes that Bitcoin will soon outdo gold in market cap despite being at just 2% currently. […]

The chief executive officer of an Australian gold mining company says the boom in cryptoassets proves the need for more bullion in investor portfolios.  Speaking in an interview with Bloomberg TV, Sandeep Biswas, CEO of Melbourne-based Newcrest Mining Ltd., urged investors to buy gold as a hedge against the rising tide of cryptoassets. Biswas argued gold “may act as a […]

It’s getting harder and harder to doubt bitcoin. Yes, the currency remains rather volatile and vulnerable to outside market factors. Yes, the route towards establishing bitcoin as a payment currency has been rather rough, but the fact is that BTC has come quite a way since it was first established over ten years ago. The currency has been on a […]

The year has been rosy for Bitcoin so far. The crypto surged to the highs of $48k before slumping back a bit to rest at around the $46k range. Notably, the price spike has taken big banks by surprise. Bitcoin’s total market cap, as well as that of the entire crypto market, has seen a significant increase as a result […]

According to a research report published by Azoth Analytics in August 2019, the cryptocurrency market was at $ 856.36 billion in 2018. The cumulative market cap of cryptocurrencies increased by about 300 percent in 2020 as digital coins are increasingly becoming an investment tool. According to the research report, the global cryptocurrency market will experience substantial growth, represented by a […]

Bitcoin is more popular than ever and these days, it seems everyone wants a piece of the action. Just last week, Tesla invested $1.5 billion in buying bitcoin, the largest investment from a non-investment company of its size. Since then, there has been constant speculation about which companies would follow in their footsteps. The CFO of Twitter suggested in a […]

Tesla has just bought a whole lot of bitcoin for itself, but according to a report by JPMorgan, people shouldn’t expect this move to be repeated by other major companies, as bitcoin is still too volatile to take seriously. JPMorgan Is Doubtful That Tesla Made Any Serious Headway The electric car company owned and operated by South African entrepreneur Elon […]

Both the US dollar and Bitcoin enjoyed a period of strength at the beginning of 2021. But while the cryptocurrency continued its uptrend higher, led by a new wave of institutional adoption, the greenback endured a sharp pullback in the wake of unsupportive fundamentals. The US dollar index, which tracks the greenback’s strength against the strongest global foreign currencies, broke […]

It seems there is no stopping the progress of bitcoin across the globe as it has reached yet another all-time high of over $47,000 and has seen a $1.5 billion investment from Tesla. This growth of the industry will inevitably give rise to new innovations and projects that will need support and funding. Now, Jack Dorsey, the CEO of Twitter, […]