• 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.”

  • payment systems push Bitcoin Clayton
    Bitcoin,  Regulation

    Slow, costly payment systems push Bitcoin higher: SEC’s Jay Clayton

    The Securities and Exchange Commission’s chairman said the financial system’s inefficiencies will help crypto payment solutions arise; a new Senate ally will also help

    Securities and Exchange Commission chairman Jay Clayton suggested that Bitcoin (BTC) is thriving thanks to the shortcomings of the traditional financial system.

  • Markets report bitcoin price
    Bitcoin,  Ethereum,  Markets Report

    Markets Report: Bitcoin matches $18,400 high as Ethereum, altcoins suddenly come alive

    An overnight reversal upwards sees Bitcoin shun suggestions of a correction getting underway, but some major altcoins put in stronger daily gains

    Bitcoin ends another week on another long-term high after a frenzied few days’ trading delighted bulls and saw no sign of a major pullback. A transformative week for traders, Bitcoin has reached highs not seen since immediately after it peaked at $20,000 in late 2017.

  • Chainalysis shortage bitcoin skyrocketing price
    Bitcoin

    Chainalysis: A worsening shortage is behind bitcoin’s skyrocketing price

    Big and smart money investors are buying up and holding onto BTC far faster than miners can produce it as the first cryptocurrency comes into its own as an inflation hedge

    The amount of liquid bitcoin—that held by wallets that trade as oppose to hold—"is similar to what it was during the 2017 bull run,” the blog said. “ But the amount held in illiquid wallets is much higher, currently representing 77% of the 14.8 million Bitcoin mined that isn’t categorized as lost... That leaves a pool of just 3.4 million Bitcoin readily available to buyers as demand increases.”

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