online resources

Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Bloomberg Intelligence senior commodity strategist Mike McGlone believes bitcoin is “more likely” headed for $40K instead of $20K after discussing the possibility of capitulation in a recent tweet. McGlone’s opinion follows a number of predictions that say bitcoin could drop to the $20K zone if there’s more pullback in the cards. Bloomberg Commodity Strategist Suggests Bitcoin ‘More Likely’ to Hit $40K Than $20K Bitcoin markets have improved on Wednesday, after the announcement stemming from El Salvador which recognized bitcoin (BTC) as legal tender in the country. Even though the news has been positive, some people are still not sure if…

Continue Reading Commodity Strategist Mike McGlone Says $40K BTC Target ‘More Likely’ Than $20K

Metalla CEO Says Crypto Industry Is a ‘License for the Private Sector to Print Money’

During an interview this week, Metalla Royalty & Streaming CEO, Brett Heath, explained that he believes cryptocurrencies will lead to the next financial crisis. The precious metals boss said history shows that “mass adoption of a new financial product” typically leads to a financial crisis. Precious Metals Exec Says the Public Embracing Crypto May Lead to a Financial Disaster Brett Heath is the CEO of Metalla Royalty & Streaming (NYSE: MTA) (TSXV: MTA), a company designed to generate leveraged precious metal (PM) exposure via royalties and streams for shareholders. On May 27, Heath spoke with the precious metals news desk…

Continue Reading Metalla CEO Says Crypto Industry Is a ‘License for the Private Sector to Print Money’

‘Gold Is Clearly Being Replaced by Digital Gold’- Precious Metal Markets Spike, Strategist Mike McGlone Calls PM Action ‘Meh’

Precious metals (PM) markets have been trading a bit higher in recent days, while cryptocurrency markets have been seeing gains as well. Spot gold prices have jumped to $1,805 per ounce, up more than 1.3% during the last 24 hours, while silver prices have increased by 2.5%. As PMs have gathered strength this week, crypto-asset markets are still inching closer toward gold’s and silver’s market valuations. In fact, bitcoin’s market capitalization is just below silver’s $1.47 trillion market. Precious Metals Rise, But Investors See Digital Gold Eclipsing These Markets Ever since the U.S. Federal Reserve said last week that it…

Continue Reading ‘Gold Is Clearly Being Replaced by Digital Gold’- Precious Metal Markets Spike, Strategist Mike McGlone Calls PM Action ‘Meh’

Gold Bug vs. Bitcoin Bug: A Look at the Curious Relationship Between Peter and Spencer Schiff

For years now the well known economist and gold bug Peter Schiff has continuously spoken out against bitcoin, as he claims precious metals are far superior. A great number of people have rebutted Schiff’s statements about bitcoin but during the last year, the gold bug has had a different thorn on his side. In recent days, Schiff’s nemesis on Twitter is his own son Spencer Schiff, a young entrepreneur who is “interested in finance, Austrian economics, libertarianism, [and] anarcho-capitalism.” Gold Bug vs. Bitcoin Bug During the last year, Bitcoin.com News has reported on Peter Schiff on numerous occasions and one…

Continue Reading Gold Bug vs. Bitcoin Bug: A Look at the Curious Relationship Between Peter and Spencer Schiff

2% Inflation Is a Myth- 2021 Statistics Show Prices of Goods and Services Have Surged

Members of the U.S. Federal Reserve and fellow bureaucrats have said that they are not worried about inflation levels and some officials have even encouraged a general increase in prices for goods and services. Despite the alleged statistics that say U.S. inflation is only 2% to 2.24%, reports show that Fed’s liquidity expansion has accelerated inflation, and prices on goods and services in the U.S. have swelled a great deal. The Federal Reserve Claims the US Inflation Rate Is ‘Well-Anchored at 2 Percent’ There’s a reason why precious metals like gold, silver, and cryptocurrency assets like bitcoin (BTC) are considered…

Continue Reading 2% Inflation Is a Myth- 2021 Statistics Show Prices of Goods and Services Have Surged

BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’

The popular safe-haven asset gold recently posted the lowest settlement in three weeks, as a firm dollar and bond market yields have weakened support for the precious metal. The financial goliath BNY Mellon also published a report about the differences between gold and bitcoin and the study said that the crypto asset “fits the description of a nascent currency.” A Firm Dollar and Treasury Yields Takes Some Steam Out of Gold’s Market Performance The U.S. dollar has gained some strength in the last two weeks, and crypto-assets like bitcoin (BTC) have increased in value as well. However, the precious metal…

Continue Reading BNY Mellon Report Compares Bitcoin and Gold, Study Says ‘Gold Is the Only Globally Accepted Currency’

Now Or Never: Litecoin Plummets To Bottom Of Top Ten Crypto Assets

Litecoin is often called the silver to Bitcoin as digital gold, and strangely, the two cryptocurrencies and two precious metals are exhibiting the same behavior where one is lagging behind the other. The lack of momentum in the digital and physical forms of silver have kept the price of both assets at bay for the entire recent bull market in each class. With no growth in Litecoin compared to other cryptocurrencies, the altcoin is only a billion dollars away from losing the top ten cryptocurrency by market cap status – something its held pretty much since its inception. “Digital Silver”…

Continue Reading Now Or Never: Litecoin Plummets To Bottom Of Top Ten Crypto Assets

Investor Jim Rogers Warned of the ‘Worst Economic Downturn’ of His Lifetime

The trillion dollar bailout will not end well. Investor Jim Rogers, chairman of Rogers Holdings, recently warned in an interview that recent central bank bailouts will bring about the worst economic meltdown in his lifetime.Central banks globally are printing trillions of dollars in an effort to help countries stimulate their respective economies. Although the S&P 500 has gone up 50% and has shown no signs of slowing down since March 23, Rogers believes that the bailout plan is not going to end well in the long term.In fact, Rogers thinks the US market is a bubble that is “waiting to…

Continue Reading Investor Jim Rogers Warned of the ‘Worst Economic Downturn’ of His Lifetime

$12K Bitcoin Price in Sight as Retail, Institutional Traders Turn ‘Greedy’

Bitcoin price is consolidating into a tighter range as traders prepare for a third attempt on the $12K level. After recovering 6.3% from a drop to $11,200 on Aug. 11, Bitcoin (BTC) price appears to be gearing up for a third run on the $12K mark. This comes after a week of bullish news which included Nasdaq-listed investment firm MicroStrategy purchasing 21,454 BTC as protection against the weakening U.S. dollar, Coinbase exchange offering Bitcoin-backed loans, and the revelation that BlackRock and Vanguard are major holders of MicroStrategy shares.Cryptocurrency daily market performance snapshot. Source: Coin360The increasingly bullish sentiment extends across the entire…

Continue Reading $12K Bitcoin Price in Sight as Retail, Institutional Traders Turn ‘Greedy’

Bitcoin, Gold Prices Drop as Trump Praises ‘Big Stock Market Numbers!’

A correction in gold and silver price coincides with a 3.45% drop in Bitcoin as its price fell below $11,500. After an exciting weekly close which saw Bitcoin (BTC) price rally above the $12K mark for the second time this month, the digital asset has lost momentum and slipped below $11,500.The former resistance level at $11,800 has again failed to function as support and at the time of writing Bitcoin price has dropped below $11,600 to test the ascending trendline support at $11,550. Cryptocurrency daily market performance snapshot. Source: Coin360Bitcoin’s inability to sustain above the $12,000-$11,800 zone comes as the gold…

Continue Reading Bitcoin, Gold Prices Drop as Trump Praises ‘Big Stock Market Numbers!’

3 Ways US Fed Printing Is Fueling Huge Gold, Silver and Bitcoin Rally

Federal Reserve monetary policy appears to be a primary catalyst for the current rally in gold, silver and Bitcoin. The prices of gold, silver, and Bitcoin (BTC) are all rallying in tandem, as various macro factors boost alternative assets. As gold rose to a new all-time high at $2,055, BTC rallied to $11,715 on the day, recording a 4.28% increase.Gold-USD. Monthly chart. Source: TradingView.comAs the three assets see stronger momentum altogether, there are three factors to consider. These are: gold’s correlation with Bitcoin, the effect of the declining U.S. dollar on alternative assets, and increased liquidity stemming from aggressive monetary…

Continue Reading 3 Ways US Fed Printing Is Fueling Huge Gold, Silver and Bitcoin Rally

The Bank of Lithuania Issues Europe’s First Central Bank Digital Currency — For Collectors

by Richard Kastelein The Bank of Lithuania is Europe's first central bank to produce a digital currency issued in the Euro Zone. According to local media reports,  LBCOIN is a digital currency collector's coin, based on blockchain technology, and the central bank has issued 24 thousand digital tokens and 4000 collectable silver coins. “The digital coin vividly illustrates what we achieved when we chose the strategic direction of our business a few years ago — to take a firm path to financial and payment innovation. This coin is like a bridge that combines classical numismatics with rapidly evolving financial technologies and…

Continue Reading The Bank of Lithuania Issues Europe’s First Central Bank Digital Currency — For Collectors

This Silver Fractal Suggests Ethereum Could Soon See a Parabolic Breakout

The markets have favored the underdogs throughout the past week, with silver and Ethereum both outperforming their larger counterparts. Although there aren’t any noticeable connections between the two assets, their price action in recent times has been strikingly similar, and it does appear that ETH is forming a fractal pattern with the precious metal. If the fractal continues playing out, it would suggest that Ethereum is in for a massive rally higher in the days and weeks ahead. This rally could cause the crypto to incur some parabolic momentum, being bolstered by an abundance of bullish narratives that are currently…

Continue Reading This Silver Fractal Suggests Ethereum Could Soon See a Parabolic Breakout

Huge Crypto Market Cap Loss: $4 Billion Lost In Hours As BTC Retraces

A huge crypto market cap loss occurred recently, reaching a loss of $4 billion right when Bitcoin started retracing to $9500 and brought most of the altcoins with it. In the latest altcoin news, we find out more about market analysis. The huge crypto market cap loss of $4 billion in the past few hours poses a question of whether this is the only correction or a trend reversal? At the same time, the precious metal skyrocketed with record gains, especially the silver. Volatility returned again for Bitcoin this week after the weeks of stagnation as Bitcoin started breaking the…

Continue Reading Huge Crypto Market Cap Loss: $4 Billion Lost In Hours As BTC Retraces

As Markets Thrive, Famed Hedge Funder Kyle Bass Expects Gold, Silver, and Bitcoin to Make Explosive Moves

Gold, silver, Bitcoin, and everything else of importance are in a bubble. The Financial Times warned on July 3, “Don’t bet on the silver boom.” Yet, here we are in a world where the 2nd shiniest commodity is approaching record highs. On Tuesday, silver rose to 6 percent at $21.17 an ounce, its highest intraday since July 2014. Still, silver is 70 percent higher than its March 2020 values. This percentage increase is higher than gold (24% — a nine-year high) but lower than Bitcoin. But why silver? Analysts think this is a play by investors who don’t want to…

Continue Reading As Markets Thrive, Famed Hedge Funder Kyle Bass Expects Gold, Silver, and Bitcoin to Make Explosive Moves

EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money

The world’s bureaucrats have been on a money creation spree and on July 21, the European Union approved an unprecedented $2.1 trillion coronavirus relief budget. Additionally, American leaders are in the midst of approving a new stimulus relief act amid July’s unemployment extension benefits expiring. Reports say that the estimated $3 trillion HEROES Act will pay American taxpayers another payout round similar to the last cash injection, but it adds additional money for individuals who meet certain criteria. Global politicians and central bank leaders believe that creating money out of thin air will save the economy from pending doom. No…

Continue Reading EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money

Peter Schiff Says Silver Is The New Bitcoin After Crazy 90% Surge

Peter Schiff says Silver is the new bitcoin after the precious metal increased more than 90% since the crash seen in mid-March, as we are reading more in the Bitcoin news today. The popular economist and gold supporter, Peter Schiff says silver increased more than 90% and that the metal is the new bitcoin thanks to its potential. Bitcoin on the other hand has been quite stable as the price gained about 2% which was the most action that the leading crypto asset saw in quite a bit of time. Schiff said that he agrees with the United States Federal…

Continue Reading Peter Schiff Says Silver Is The New Bitcoin After Crazy 90% Surge

Why Silver’s Perfect Storm Surge Won’t Spill into Crypto

Cryptocurrencies like Bitcoin and altcoins are suddenly heating up once again, thawing out of their long extended crypto winter. Alongside crypto, precious metals are also rallying potentially due to the two asset classes sharing similarities, such as scarce supply. But a sudden “perfect storm” causing silver prices to surge sky-high shouldn’t have investors expecting a similar breakout in altcoins – the silver to Bitcoin as digital gold. XAGUSD Surges By Over 18% To $23 A Troy Ounce On Monetary Mismanagement In the last 48 hours, spot silver prices have exploded from under $20 a troy ounce to $23 at the…

Continue Reading Why Silver’s Perfect Storm Surge Won’t Spill into Crypto

End of content

No more pages to load