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Crypto More Popular Than Gold Among Russian Investors: Report

A survey among over 2,000 Russian investors has placed cryptocurrency next to gold in terms of popularity. Moreover, younger investors aged below 30 have displayed significant favoritism towards digital assets. Crypto Ranks Above Gold Among Russian Investors According to the study published by the World Gold Council, investors from the world’s largest country by landmass have allocated the most funds into generally accepted as safer instruments such as savings accounts, foreign currencies, real estate, and life insurance. When asked what sorts of investment tools they had invested in the past 12 months, they placed cryptocurrencies as the fifth most popular…

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Daily, Weekly, Monthly? How often should you refill your Bitcoin bags?

By this point in 2020, Bitcoin’s investment thesis needs no retelling. But for the uninitiated, here’s a quick summary. With central banks printing money like there’s no tomorrow, and riling up liquidity, any asset which has value, is limited and can be used as currency, benefits. Case in point, Bitcoin. Since the beginning of the […] The post Daily, Weekly, Monthly? How often should you refill your Bitcoin bags? appeared first on AMBCrypto.

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Report ranks crypto next to gold in popularity with Russian investors

Crypto seems to be nearly as popular as gold among Russian investors. Cryptocurrency investment is one of the most popular investment tools in Russia, according to a new report. The World Gold Council, a major market development organization for the gold industry, released a report on retail gold insights in Russia on Oct. 20. According to the report, cryptocurrency is currently the fifth-most popular investment tool in Russia after savings accounts, foreign currencies, real estate and life insurance. As part of the World Gold Council's rankings of Russian investments made in the past 12 months, cryptocurrency is followed by gold, accounting…

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Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States

Bitcoin and gold holder Dan Tapiero, says it is still early to talk of widespread crypto adoption as the proportion of users relative to the rest of the population remains low. Tapiero makes the remarks while referring to a study, which places Nigeria at top of the list of countries with the highest number of respondents that say they own or are using cryptocurrency. According to the study, 32% of surveyed Nigerians say they used or owned cryptocurrencies in 2020 while in Japan, which is last on the list, only 4% say they owned cryptos in 2020. The survey, which…

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Bitcoin to face implications of high S&P500 correlation? Here’s everything you need to know

Bitcoin, Gold, and the S&P500 have collectively shared the center stage when it comes to market movement in 2020. While the crypto-asset has periodically taken sides, at the moment, Bitcoin is more correlated with the traditional stock market. When comparing recent Skew charts of Bitcoin’s relationship with Gold and the S&P 500, it can be […] The post Bitcoin to face implications of high S&P500 correlation? Here’s everything you need to know appeared first on AMBCrypto.

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The Great Financial Reset: IMF Managing Director Calls for a ‘New Bretton Woods Moment’

As the global economy shudders from the disastrous effects of central planning, the International Monetary Fund (IMF) managing director in Washington, DC, Kristalina Georgieva is calling for a “new Bretton Woods moment.” Georgieva spoke about the juncture on October 15, and she stressed today’s economic hardships are the same as the difficulties the world faced at the end of World War II. Free market advocates on social media and forums believe the IMF managing director’s recent Bretton Woods speech should invoke increased suspicion. IMF Article Alludes to a ‘Huge Change Coming’ On Thursday, October 15, the IMF published a speech…

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These Bitcoin signals are similar to its 2017 glory days

For the Bitcoin world, December 2017 was the glory days and the nightmare, all wrapped in one. Over that month, and the pullback that followed, the world saw what could happen if the hype around cryptocurrencies gave way to reality.  Now, nearly three years on, Bitcoin’s press time price requires a 75 percent jump in […] The post These Bitcoin signals are similar to its 2017 glory days appeared first on AMBCrypto.

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Warren Buffett Will See His Wealth Hyperinflate While Bitcoin Price Does 40-80x, Says Max Keiser

Popular TV host and long-time Bitcoin proponent Max Keiser believes that futures traders suppress Bitcoin’s price at current levels. However, once the asset explodes to Keiser’s intermediate target at $28,000, BTC’s amount for sale will evaporate as governments and institutions will purchase directly from miners. Keiser: Governments And Institutions Will Rush To Buy BTC Keiser recently tweeted that “the (temporary) Bitcoin price suppression scheme is a godsend for poor people to stack sats *now* before retail liquidity dries up and the price vaults to gold-parity levels around $400,000.” CryptoPotato reached out to the popular TV host to elaborate on his…

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Bitcoin vs Gold: Which investment favors your portfolio?

I get it. It’s always an either-or decision between Bitcoin and gold, as a pure investment play. Since the commodity and the cryptocurrency each have similar attributes of – a hedge, limited supply, and safe haven, these assets are used to balance the bottomless assets that are stocks, bonds, and cash. But does one edge […] The post Bitcoin vs Gold: Which investment favors your portfolio? appeared first on AMBCrypto.

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Bitcoin genesis block is the ‘New Testament’ of finance

No need to suffer from centralized systems since the world has been offered its greatest weapon against it: cryptocurrency. “Fiat lux”, said God, having created heaven and earth, which was filled with darkness. And then, there was light. At least, that’s what the Holy Bible tells us. Translated to English, this Latin phrase means “let light be made.” For Christians, who much of the global population, these words mark the beginning of time and everything else. Eventually, there came a time when audacious, power-hungry, control-freak governments took the word “fiat” (literally meaning “it shall be” or “let it be done”)…

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‘Enormous wall of money’ will send Bitcoin to $1M in 2025 — Raoul Pal

The largest cryptocurrency will “massively outperform gold” before that, says the Real Vision founder. Bitcoin (BTC) hitting $1 million by 2025 is “about right,” Real Vision founder and CEO Raoul Pal has confirmed. In an interview with Stansberry Research last week, Pal, famous for his bullish stance on Bitcoin, said an “enormous wall of money” would flow into the cryptocurrency over the next few years. Pal: Bitcoin in line for “enormous” capital inflows “I think that’s about right, whether it’s five years, six years,” he said when asked about the $1 million target.  “We’re going to go through two of…

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‘Enormous Wall of Money’ Coming Into Bitcoin, Price to Reach $1 Million in 5 Years, Says Raoul Pal

Macro strategist Raoul Pal says the price of bitcoin will reach $1 million in five years. He attributes the price increase to adoption by large pools of investors and the “enormous wall of money” coming into bitcoin, rather than because “the world is collapsing.” $1 Million Bitcoin in 5 Years Former hedge fund manager Raoul Pal shared his view on the economy, gold, and bitcoin last week in a podcast interview with Daniela Cambone of Stansberry Research. Pal previously co-managed the GLG Global Macro Fund in London after departing Goldman Sachs where he co-managed the hedge fund sales business in…

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Playing defense with Bitcoin and Gold: Things you need to know

What’s the point of a safe-haven asset? Well, for starters, it’s to keep one’s portfolio safe. Gold has long been seen as the traditional safe-haven asset among traditional investment avenues. Despite Bitcoin being a year into the financial world, it still hasn’t managed to budge the yellow metal. But, is gold doing its job? Let’s […] The post Playing defense with Bitcoin and Gold: Things you need to know appeared first on AMBCrypto.

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The Many Reasons British Politician Godfrey Bloom Is Buying His First Bitcoin

This week, former British politician, author, and more, Godfrey Bloom revealed his plan to buy his first Bitcoin. But why? Here are the three primary reasons that the former parliament member would consider investing in the leading cryptocurrency by market cap. Who Is Godfrey Bloom, And Why Did He Decide To Buy Bitcoin? Godfrey Bloom was born in 1949 in London, England. From an early military career, Bloom turned his expertise toward economics. Later on, he became the director of an investment firm, before getting into politics. He also served as a member of the European Parliament for Yorkshire and…

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Bitcoin Once Again Proves It’s a Risk Asset, Not a Safe Haven

The price of Bitcoin reacted negatively to news of President Trump contracting Coronavirus while gold witnessed a small rally. Gold is still the leading safe-haven asset by a mile with BTC acting as a risk asset, but investors shouldn’t expect this to persist for very long. Bitcoin Breaks Common Narratives The value proposition of Bitcoin is that it’s a superior, digital version of gold. And this thesis does hold merit, but the behavior of market participants doesn’t add up. As President Donald Trump announced that he and the First Lady tested positive for COVID-19, BTC’s price took a light 2%…

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Aurus Disrupts the Gold Industry – Today Its Ecosystem Lists at a Value of $75m

With the US dollar facing headwinds, notably the coronavirus pandemic and an upcoming presidential election that could be among the most contentious in recent memory, gold has taken over as the preferred store of value for many investors. The price of the yellow metal has soared by more than 30% this year and recently surpassed an all-time high of $2,000 an ounce, as investors once again responded to market volatility by turning to the most trusted and longest-serving safe haven asset. Accessibility, however, continues to be a problem for gold as an asset class. Adding gold to a portfolio presents…

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American Economist Stephen Roach: ‘U.S. Dollar in the Early Stages of Sharp Decent’

American economist and former chairman of Morgan Stanley Asia, Stephen Roach said on Sunday that he believes the U.S. dollar will “crash faster and harder.” Roach said similar statements during an interview back in June, and his latest commentary stresses that people should “expect the dollar to plunge by as much as 35 percent next year.” Stephen Roach is a well known American economist as he worked as chairman of Morgan Stanley Asia and he also advised as the company’s chief economist as well. Roach currently serves as a senior fellow at Yale University and he’s been discussing the American…

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Bitcoin price risks even bigger pullback in Q4 after sharp rejections

Bitcoin risks a larger pullback in the fourth quarter due to the confluence of bearish technical structures and macro uncertainty. Bitcoin price is showing weakness after another sharp rejection from the $11,000 resistance level. As Bitcoin (BTC) enters the fourth quarter, the sentiment around the market remains generally cautious and neutral. Bitcoin might face a larger pullback in the fourth quarter due to several key factors. Throughout the past three years, every September monthly candle has closed red. The September monthly candle for 2020 is also on track to close as a red candle, indicating a lack of direction. From…

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Devere Group CEO Predicts Bitcoin Can Replace Gold as Top Safe-Haven Within a Generation

A few weeks ago, Devere Group CEO and founder Nigel Green said that he believed the U.S. election would bolster the price of bitcoin. Speaking with the financial broadcast MoneyFM on Monday, Green said he also believes that bitcoin will replace gold as the ultimate financial safe haven within the timespan of a generation. Devere Group CEO Nigel Green is a big believer in crypto assets like bitcoin (BTC) and he’s been more vocal about his forecasts in recent days. Last August, news.Bitcoin.com reported on Green explaining why he thinks the U.S. presidential election would have devastating effects on the…

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Bitcoin Expects to Hit Yearly Highs on UBS’s Bullish Gold Call; Here’s Why

Bitcoin is looking to resume its uptrend towards $12,500 based on its proximity with traditional rival gold. The analogy pops out of an erratic positive correlation between the two assets that have caused them to trade in tandem since March 2020. Both gold and Bitcoin receive their cues from the same set of fundamentals: the global central bank policies in response to the coronavirus pandemic. The correlation between Bitcoin and Gold since March 2020. Source: TradingView.com The correlation between Bitcoin and Gold since March 2020. Source: TradingView.com That includes ultralow interest rates, an expanding fiscal deficit, an infinite bond-buying program,…

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