• BlackRock Rick Rieder Bitcoin replace gold
    Bitcoin

    BlackRock CIO Rick Rieder argues Bitcoin could replace gold

    The chief investment officer of the world’s largest asset management firm admits he cannot estimate Bitcoin’s value, but recognizes that it may be a better store of value than gold

    The chief investment officer at the world’s top asset manager, BlackRock, argued that Bitcoin may be a better store of value than gold. “It's hard to say whether it's worth the price it is trading at today. But do I think it is a durable mechanism that—do I think could replace gold to a large extent? Yeah I do, because it's so much more functional than passing a bar of gold around.”

  • Fidelity Digital Assets addresses Bitcoin’s critics
    Bitcoin,  Commentary,  Education

    Fidelity Digital Assets addresses Bitcoin’s critics

    With Bitcoin’s price soaring along with mainstream interest from hedge fund legends and PayPal alike, FDA Research Director Ria Bhutoria takes on six main criticisms of the first cryptocurrency

    In a Nov. 13 blog post, Bhutoria said that while the conversation is not new, the rapidly growing interest in the main cryptocurrency by mainstream investors and retail-focused payment processors alike, it’s time for an update.

  • Peter Schiff's son buys bitcoin
    Bitcoin

    To Peter Schiff’s disgust, his son buys Bitcoin

    Schiff’s son holds some quite radical views on economy, but Twitter trusts the 18-year-old kid more than the famous gold bug

    In his Sept. 7 tweet, Schiff also started a poll asking Twitter: “Whose advice do you want to follow? A 57-year-old experienced investor/business owner who's been an investment professional for over 30 years or an 18-year-old college freshman who's never even had a job.”

  • markets report bitcoin price
    Bitcoin

    Markets Report: Bitcoin tests $11,000 as macro awaits Fed inflation speech

    Losses overnight amount to a typical pullback, one trader argues, with volatility also heightening for gold ahead of Thursday’s speech

    Bitcoin showed signs of weakness on August 26 as volatility in gold prices coupled with strength in the US dollar currency index to pressure sentiment. Data from price tickers including CoinMarketCap showed increasingly lower levels on the hourly chart for BTC/USD through Wednesday, with 24-hour losses sitting at 1.8% at press time.

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