Latest News for: Alternative gold

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Bitcoin is an Alternative to Gold And Not a Currency, Says Bridgewater Analyst

CryptoPotato 28 Feb 2021
Bitcoin As Digital Gold. In a recent interview with Bloomberg, Patterson said she wouldn’t call bitcoin an alternative currency, I think if anything, it’s an alternative to gold or digital gold ... Despite calling BTC an alternative to the precious metal, Patterson added that the cryptocurrency would have to prove its digital gold status.
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JP Morgan Backs 1% Bitcoin Allocation, Suggests Uncorrelated Hedge

Crypto Briefing 26 Feb 2021
Based on the latest comments and those from the past, the firm clearly sees Bitcoin as a gold-like investment vehicle. Nikolaos Panigirtzoglou, a member of the firm’s global markets team, even suggested that gold ETFs may suffer as investors turn to the crypto-based alternative.
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Boomers and retirees embracing Bitcoin and cryptocurrencies

Independent online (SA) 26 Feb 2021
They’re aware that if you are flooding the market with extra money, then in fact you are devaluing traditional currencies – and this, and the threat of inflation, are legitimate concerns, prompting them to seek out alternatives. In addition, Bitcoin’s reputation as ‘digital gold’ was also often highlighted.
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Dogecoin Remains at Best an Alt Cryptocurrency After Bitcoin and Ethereum

Yahoo Daily News 26 Feb 2021
Dogecoin (CCC.DOGE-USD) is down this week along with other cryptocurrencies like Bitcoin (CCC.BTC-USD) and Ethereum (CCC.ETC-USD) ... It will likely always be an “alt” or alternative cryptocurrency after the two major cryptos, Bitcoin and Ethereum. A stock image of a gold Dogecoin (DOGE) on a green textured background. Source. Shutterstock ... 23 ... Source ... .
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Kemboy likely to try luck in Cheltenham Gold Cup

RTE 25 Feb 2021
... Cheltenham Gold Cup ... Kemboy - who was the last horse to beat Al Boum Photo, in the 2019 Punchestown Gold Cup - holds alternative engagements in the Ryanair Chase and the Stayers' Hurdle at this year's Festival.
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Gold loses ground, but Fed’s assurances limit fall

Business Day 25 Feb 2021
BengaluruGold eased on ... Spot gold fell 0.5% to $1,794.67/oz by 3.24am GMT. US gold futures eased 0.1% to $1,795.80 ... “Investor demand for gold has been distracted by moves in other alternative asset classes,” ANZ analysts said in a note ... But gold’s time in the sun is not over.”.
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Rocket from the crypto: Tesla’s bitcoin blast off

Business Day 25 Feb 2021
Cryptocurrency’s best-known brand is hugely volatile but is gathering support as a safe-haven alternative to gold, writes The Finance Ghost ... That’s what we all want to see, as people take an i... .
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Bitcoin could become 'digital gold' if volatility and liquidity issues subside with 'regulatory certainty', Bridgewater says

The Times of India 24 Feb 2021
... bitcoin could become "digital gold." ... The director said she "wouldn't call bitcoin an alternative currency" and argued that, if anything, the better comparison is to gold.
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Boomers and Gen X'ers Are Buying Into Bitcoin and Cryptocurrencies

Interesting Engineering 24 Feb 2021
They too recognize that digital, borderless money is the way forward," Green continued.Bitcoin's 'digital gold' potential ... Bitcoin's reputation as 'digital gold' was also cited as a key factor by respondents — much like gold, bitcoin is a non-sovereign, decentralized medium of exchange.
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Boulder-area cycling community mourns loss of Olympian Danute ‘Bunki’ Bankaitis-Davis

Colorado Daily 24 Feb 2021
The Boulder cycling community is mourning the 1988 U.S. Olympian and 1992 World Championship gold medalist, Danute ‘Bunki’ Bankaitis-Davis, who died Jan ... Four years after the Seoul Olympics, Bankaitis-Davis won a 1992 gold medal in the Road World Championships and was a first alternative in her second Olympics ... .
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What is Bitcoin? Understanding BTC and other crypto-currencies Bitcoin

TechRadar 24 Feb 2021
It extensively uses cryptography and relies on a peer-to-peer network ... Another problem with Bitcoin is the volatility of its value which exceeds the volatility of other currencies and gold, resulting in huge fluctuations in comparison to the US dollar ... Unlike gold, Bitcoin has no intrinsic value from alternative uses that could anchor its price.
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JPMorgan Says Fintech Not Bitcoin Will Dominate Financial Services as COVID-19 Persists

Coinspeaker 23 Feb 2021
Before now, strategists at JPMorgan compared Bitcoin with gold, viewing BTC as a new digital store for it ... Before now, strategists at JPMorgan compared Bitcoin with gold, viewing BTC as a new digital store for gold ... In early January, JPMorgan wrote in a note that BTC could hit $146,000 as it competes with gold as an alternative currency.
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CoinShares Introduces DeFi Index Token for Institutional Investors

Coinspeaker 23 Feb 2021
The DeFi Index token consists of wrapped assets – the company’s gold token DGLD (wDGLD), Bitcoin (wBTC), and Ethereum (wETH) ... According to CoinShares’ , CGCI aims to reduce volatility as well as yield superior risk-adjusted returns in contrast with a number of alternative strategies like holding crypto assets or gold alone.
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