Goldman Sachs says bitcoin will compete with gold as “store of value”

Goldman Sachs says bitcoin will compete with gold as "store of value"

LONDON (Reuters) – Bitcoin will take market share from gold in 2022 as digital assets become more widespread, Goldman Sachs analyst Zach Bundle said in a research note to clients. Citing a market capitalization of $700 billion in bitcoin, compared to about $2.6 trillion in gold held as an investment, Goldman Sachs said the cryptocurrency … Read more

The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators

The $2 Trillion Cryptocurrency Market Is Drawing Interest From Investors, Scrutiny From U.S. Regulators

WASHINGTON — With the proliferation of cryptocurrencies, prices of bitcoin and other digital tokens are often displayed on cable news tickers and financial apps as if they were common stocks, bonds or oil futures. They are not. This makes them a challenge to US financial lawmakers. Cryptocurrency censorship, which appeared in 2009, is sporadic. Regulators … Read more

Bitcoin Steadies After Flash Crash

Bitcoin Steadies After Flash Crash

Bitcoin sell-offs plummeted on Wednesday, providing some relief to holders of the volatile cryptocurrency after a sudden crash the previous day wiping out billions of dollars of its value. The largest cryptocurrency by market capitalization is down 1.3% to settle at $4,6154.44 a piece, according to 5pm ET data from CoinDesk. It briefly fell 17% … Read more

Cryptocurrency crash could spark the next market meltdown

Volatile: Deputy Governor of the Bank of England, Sir John Cunliffe, said the massive crash in cryptocurrency prices to zero is

The Bank of England deputy warns that a cryptocurrency crash could lead to the next market crash By Callum Muirhead for the Daily Mail Posted: 5:12 PM ET, October 13, 2021 | updated: 5:12 PM ET, October 13, 2021 Bitcoin and other cryptocurrencies may cause the next financial meltdown, according to a senior Bank of … Read more

What’s behind the booming market for rare coins

What's behind the booming market for rare coins

As investors continue to pour money into all things cryptocurrency, there is another type of currency that appears to be gaining momentum. And this is as “real” as money – as in rare coins. According to many accounts, the market for coins (or coins) has experienced exponential growth since the beginning of the pandemic, in … Read more

Different crypto will be less correlated, as healthcare stocks ‘won’t move in the same way’ gold ETF moves, a crypto asset manager says

Different crypto will be less correlated, as healthcare stocks 'won't move in the same way' gold ETF moves, a crypto asset manager says

Hello! Welcome back to Distributed Ledger, the weekly crypto newsletter that hits your inbox every Thursday. I’m Francis Yu, a crypto reporter at MarketWatch, and I’ll share with you the latest and best digital assets this week so far. Find me on Twitter at MustafaHosny Oh God, Amen To send feedback or tell us what … Read more

Softbank-backed Brazilian crypto firm acquires Portuguese exchange

Softbank-backed Brazilian crypto firm acquires Portuguese exchange

A representation of the virtual currency Bitcoin is shown in this illustration taken on June 14, 2021. REUTERS/Edgar Su/Illustration/File Photo Register now to get free unlimited access to Reuters.com Register NEW YORK (Reuters) – Softbank-backed Brazilian 2TM that operates Latin America’s largest cryptocurrency exchange Mercado Bitcoin said on Wednesday it would acquire a controlling stake … Read more

Bitcoin is trading in tandem with stocks? This chart shows that relationship as markets face a more hawkish Fed

Bitcoin is trading in tandem with stocks? This chart shows that relationship as markets face a more hawkish Fed

This argument has always existed — some bitcoin proponents have described the cryptocurrency as “digital gold,” an inflation hedge and a store of value. But others point out that Bitcoin was recently traded side by side With the sentiment around the stock market, especially over the past few months, as investors adjust to the Federal … Read more

The crypto market is uneasy about the Fed meeting and high inflation. Here’s why

The crypto market is uneasy about the Fed meeting and high inflation. Here's why

Cryptocurrency investors are closely watching this week’s Federal Reserve meeting, as the market expects the central bank to announce a faster cut in the pace of bond purchases as inflation rises in the US. Facing Macroeconomic Uncertainty, Bitcoin BTCUSD, -3.39% It has fallen more than 30% from its all-time high of $68,991 in November, and … Read more

Bitcoin, ether tumble after Fed minutes show talk of quicker end to easy policy stance

Bitcoin, ether tumble after Fed minutes show talk of quicker end to easy policy stance

Major cryptocurrencies fell on Wednesday, minutes after the Federal Open Market Committee’s December meeting showed that some officials had extensive discussions about how to more quickly move away from its current easy monetary stance by raising rates and shrinking its $8.67 trillion balance sheet. Bitcoin BTCUSD It dropped more than $2,500 after the minutes were … Read more