Gold and Bitcoin have both rallied recently as a trade against a weakening dollar, driven by concerns over fiscal strain and currency debasement. However, while gold has shown consistent gains over the past year, Bitcoin's performance remains volatile and weaker on longer timeframes, questioning whether they truly represent the same 'debasement trade.' Upcoming events like Canadian tariffs and U.S. Treasury buybacks, along with Fed Chair Kevin Warsh's Jackson Hole speech, will test if Bitcoin's recent surge is sustainable or driven by short-term positioning. Investors should watch these developments to see if Bitcoin can close the gap with gold or if gold will maintain its lead.
Coinbase stock increased by 14% over the past month, underperforming Bitcoin's 26% rise, because its revenue depends on trading volume and transaction fees rather than the Bitcoin price itself. While Bitcoin surged, Coinbase's trading volume declined...
BlackRock's cryptocurrency portfolio surged by $15.11 billion in August, rising 28.3% from $53.36 billion to $68.48 billion. This growth was driven by a $12.66 billion increase in its iShares Bitcoin Trust, fueled by a 21.38% rise in Bitcoin prices, ...
Retail brokerage stocks Robinhood and Webull surged notably after Webull's CEO revealed a nearly 300% increase in retail buy orders for major cryptocurrencies following the June 4 repeal of the pattern day trader (PDT) rule. This rule change allowed ...
