Tag: gold

An analytic report from American investment firm VanEck says Bitcoin appears to have a much higher upside potential than gold. If each of the assets becomes the only reserve asset globally, Bitcoin could top $1.3 million, while gold may reach a price of $31,000 per ounce, respectively. However, these extreme cases have a more likely…

Crypto tokens tied to gold, a traditional inflation hedge, continue to see solid growth amid a turbulent geopolitical backdrop as the specter of stagflation hangs over the global economy. Digital assets backed by gold have seen demand surge since the start of 2022 according to data from Arcane Research. The market cap of PAX Gold…

Cryptocurrencies are replacing gold as means of protection against inflation, has recognized Goldman Sachs’s Head of Energy Research, Damian Courvalin, noting the flight of investments to the crypto market from the precious metal. Answering on whether he was observing that investors have used assets beyond gold, such as Bitcoin or other cryptocurrencies, to hedge against…

Every once in a while it helps to stop, get away from the hustle and bustle of exchange rates and new tokens, look around and try to understand the role of cryptocurrencies in the world today and what it will be in 10 or 20 years. After all, everyone seems to have already realized that…