Fed Chairman Powell: Bitcoin Is A Store of Value Like Gold

Cryptocurrencies took the center stage again during Federal Reserve Chairman Jerome Powell’s second day of testimony before the U.S. Senate. Today, lawmakers expressed their concerns about the threat that bitcoin and other cryptocurrencies pose to the financial system, including the possible challenge of bitcoin replacing the U.S. dollar as the world reserve currency. Powell: The […]

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Bitcoin ‘Will Hit $1 Trillion Market Cap’ By 2025, Willy Woo Reaffirms

Bitcoin is on course to hit a $1 trillion dollar market cap in its current cycle, and next time will beat gold, Willy Woo has said. Woo Stands By 2013 BTC Prediction Speaking on an episode of the Coinist Podcast on July 4, Woo, who is a well-known analyst of the Bitcoin blockchain with several […]

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The Federal Reserve Could Be Helping Bitcoin to $100K –

Many factors are contributing to Bitcoin’s renewed trajectory towards its USD 100,000 target. One of them is increasingly gaining prominence: The U.S. Federal Reserve. Fed Interest Rate Cuts to Weaken Dollar and to Strengthen Bitcoin The U.S. Federal Reserve’s latest moves might be unintentionally propelling Bitcoin to new 2019 highs with renewed impetus. On Jun […]

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Bigger Than Russia – Bitcoin Now 8th Largest World Currency

Still think Bitcoin is a passing fad? Here’s a news flash for you. At $8,940, it’s bigger than Russia’s monetary base. That makes Bitcoin the eighth largest currency in the world. And the price keeps on climbing… Which Countries Have the Biggest Monetary Base in the World? The answer might surprise you. Check out the […]

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Barry Silbert: ‘Bitcoin Has Won The Race To Be Digital Gold’

“The vast majority of digital tokens… will go to zero,” Digital Currency Group CEO, Barry Silbert told CNBC. However, he is still “as bullish as he has ever been” on Bitcoin, despite the current bear market. Losing The Dead Weight Silbert confirmed that he is “not a believer in the vast majority of digital tokens,” […]

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Blockchain Could Track the Globe’s Gold Bullion by 2019

The London Bullion Market Association (LBMA) is to create a set of standards for blockchain-based gold tracking, as well as an oversight committee to approve and monitor technology providers. Ethical sourcing is becoming critical in such a high-value sector as precious metals. It will become even more important as reserves of metals such as gold […]

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‘Uncanny’: Historic Gold & Bitcoin Price Charts Almost Identical

Many have compared Bitcoin to gold with some even referring to the former as “digital gold.” As it turns out, the historical performance of both assets reveals notable similarities. ‘Uncanny’ Resemblance Bitcoin, being a fairly nascent asset, reveals serious similarities to the yellow metal in its performance. As seen on the chart below, the resemblance […]

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