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Showing posts from June 12, 2024

Asia’s Gold Rush: Investors Seek Safe Haven Amid Economic Uncertainty

Demand for gold in Asia is surging despite high prices, as buyers seek a hedge against geopolitical and economic uncertainty. In Japan, there is currently a strong bullish sentiment on gold. Chinese investors, facing currency devaluation, real estate downturn, and trade tensions, have increased their gold purchases by 27% in the first quarter. In Thailand […]

Trump vs Biden: Riot’s Morgenstern Highlights Stark Contrast in Crypto Policies

Brian Morgenstern of Riot Platforms shared his insights on the 2024 election’s impact on bitcoin and the crypto industry, praising former U.S. President Donald Trump’s pro-bitcoin stance and criticizing President Joe Biden’s regulatory measures. Trump promised to protect bitcoin from regulatory threats, oppose a central bank digital currency (CBDC), and support the cryptocurrency industry, aligning […]

Bill Miller Explains Why Bitcoin Is Still Undervalued

Bill Miller IV, chairman and CIO of Miller Value Partners, has explained why bitcoin is undervalued despite the cryptocurrency’s recent highs. He emphasized bitcoin’s potential as a revolutionary monetary system superior to fiat currencies, which are subject to human control and debasement. Miller believes bitcoin’s market cap has room for substantial growth. ‘I Believe Bitcoin […]

World’s Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls Ethereum ‘Digital Oil’

The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their contributions to technological advancements. ICBC Sees Bitcoin as Digital Gold, Ethereum as […]
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