Economist Robin Brooks criticized Bitcoin's role as a safe-haven asset, highlighting its underperformance compared to precious metals like gold during periods of currency debasement. He argues that Bitcoin has not established itself as a reliable store of value or hedge against currency weakening, unlike gold. While some experts disagree, citing Bitcoin's rallies during various yield-curve changes, Brooks maintains that Bitcoin's price behavior does not support its safe-haven status. This debate impacts how investors view Bitcoin's role in protecting wealth during economic uncertainty.
Cryptocurrency markets display varied price changes, with Bitcoin trading around $65,160 and Ethereum near $1,921. Several altcoins like BEAT and PUMP have seen significant percentage gains, 35.1% and 12.9% respectively, indicating selective investor...
The US Senate has moved the CLARITY Act, a key cryptocurrency regulation bill, closer to a full vote, aiming to clarify federal rules on digital assets. This progress is seen as a positive step toward regulatory certainty, which has slightly increase...
Bitcoin's price has fallen 48.37% from its all-time high, reducing the value of Satoshi Nakamoto's untouched Bitcoin holdings to about $71.19 billion from over $138 billion. This significant drop reflects the broader market downturn and low trading a...
Bitcoin exchange-traded funds (ETFs) listed in the U.S. attracted $853.54 million in net inflows for the week ending August 7, marking the largest weekly inflow since mid-April. BlackRock's IBIT ETF accounted for the majority of this surge, drawing $...
Bitcoin's price fell marginally by 0.26% to around $64,800, while Ethereum edged up 0.09% to about $1,917, reflecting a cautious market mood. Crypto derivatives volume plunged over 51%, signaling reduced leverage and fewer short-term bets, while stab...
