David Tait, CEO of the World Gold Council, expressed his personal belief that bitcoin could eventually drop to zero because it behaves like a high-risk asset during market stress, rather than a safe haven. He contrasted bitcoin with gold, which central banks continue to buy amid debt concerns and geopolitical risks. Despite his skepticism, Tait acknowledged that holding both gold and bitcoin can diversify portfolios since they react differently to market events. The debate continues as bitcoin supporters highlight its unique features and growing adoption, while gold remains favored for its long-term stability and central bank backing.
Bitcoin exchange reserves have climbed above the 200-day simple moving average for the first time in years, indicating a shift from scarcity to increased liquidity. This rise suggests more Bitcoin is becoming available on exchanges, which could lead ...
Bitcoin's price has dropped to the lowest valuation band in the rainbow model, trading 66% below its long-term trend price, signaling a potential accumulation phase but not a confirmed bottom. The current cycle duration is close to previous bottoming...
Institutional investors are showing renewed interest in Bitcoin, with analysts suggesting the market bottom may be near. Despite positive sentiment and regulatory moves by the CFTC and SEC, Bitcoin trading volumes have dropped to multi-year lows, lim...
XRP briefly fell below the key $1 level on August 16 before recovering to around $1.06 during a volatile session. Veteran trader Peter Brandt criticized XRP, stating he would convert a hypothetical 500,000 XRP holding into Bitcoin immediately, reflec...
Strategy's digital credit products outperformed Bitcoin during a 47% price drop over the past year, with the flagship STRC instrument gaining 9%. This resilience is attributed to an aggressive dividend policy offering 12% annual payouts and a diversi...
