Tether Taps HSBC Talent to Compete With Traditional Gold Market Players
TL;DR Tether hires Vincent Domien and Mathew O’Neill, two of HSBC’s most senior precious metals traders, to strengthen its gold reserve strategy. The company holds over
gold (Latest Publications)
Expert Outlook: Bitcoin Faces Potential 60% Decline Against Gold
TL;DR Bloomberg Intelligence strategist Mike McGlone warns Bitcoin could lose up to 60% of its value relative to gold, as the Bitcoin-to-gold ratio approaches the critical
Gold and Crypto Trends Align in Price Movement But Diverge in Underlying Causes
Gold and cryptocurrencies have recently shown parallel price movements, but for very different reasons, according to Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds.
Why Gold Is Falling and the Crypto Market Is Poised to Rise
TL;DR The Federal Reserve changes its interest rate and liquidity policy. Capital could move from gold to risk assets. The price of Bitcoin is on a
Tether Confirms Full Gold Backing as XAUT Market Value Tops $2.1B
TL;DR Tether reported that its gold-backed token, XAUT, has surpassed $2 billion in market value, driven by rising gold prices and the expansion of real-world asset
BlackRock CEO Discloses Central Banks’ Hidden Concern as Gold Retreats Below $4K
TL;DR: BlackRock’s Larry Fink says crypto and gold are now “assets of fear.” Gold’s drop below $4K renews debate on safe-haven assets. Institutions turn to Bitcoin
CZ Sparks Optimism With Bold Forecast That Bitcoin Will Flip Gold
TL;DR CZ states that Bitcoin could surpass gold in market capitalization, supported by its institutional adoption and growth. BTC has gained 61% year-to-date, retested its long-term
PAXG Breakout: Gold-Backed Token Surges With Record Volumes, Trades Above Spot
TL;DR Pax Gold (PAXG), the Ethereum-based token backed by physical gold, has surged to unprecedented levels, capturing market attention with record-breaking trading volumes and a premium
VanEck Forecasts Bitcoin to Reach $644K by 2050 in Bold Outlook
TL;DR VanEck projects that Bitcoin could reach $644,000 per unit following the 2024 halving, capturing half of gold’s market value. The firm estimates that if BTC
Flight to Gold: Precious Metal Hits All-Time High as Crypto Retreats
TL;DR Gold surpassed $4,100 per ounce, pushing its RSI to the highest overbought level in 45 years, while BTC retreated 3.06% and ETH 4.43%. PAXG allows
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