Gold Financial News

Banking giant HSBC is now allowing retail investors in Hong Kong to buy real gold through digital tokens.

Fidelity’s Director of Global Macro, Jurrien Timmer, has suggested that the Bitcoin (BTC) market cap has the potential to reach a quarter of the “monetary gold” market, hitting an impressive $6 trillion. 

Gold exchange-traded funds (ETFs) have faced significant outflows this year, while ETFs tracking the spot price of Bitcoin (BTC) have seen strong inflows.

VanEck adviser Gabor Gurbacks pointed out that the hype of a Bitcoin (BTC) spot ETF in the market could be overestimated in terms of short-term inflows but could see long-term gains as the window widens.

Value Partners, a Hong Kong-based company says it has plans to tokenize gold assets and also make an entry to the much anticipated Exchange Traded Fund (ETF) market.

gold to crypto. Amidst this dynamic landscape, Bitcoin has been the standout performer, with an impressive surge of over 160% in the past twelve months. Bitcoin has delivered these returns, which is higher than stalwarts like Nifty50 and gold, which delivered nearly 19% and 13.5%, respectively. Prices of some crypto coins (Altcoins) surged up to 16,000%, churning out mind boggling returns for investors. «Bitcoin and Ethereum experienced significant gains, with Bitcoin's Year-to-Date growth reaching an impressive 160%. This upward trajectory reflected a clear shift in sentiment towards crypto assets. The market's growth throughout the year was characterized by organic and sustained development, positioning it favourably for the future,» said Rahul Pagidipati, CEO of ZebPay. Meanwhile, Shivam Thakral, CEO of BuyUcoin, said, «We have witnessed very encouraging numbers in terms of growth. The total market capitalization has increased by around 60% year-to-date. This growth was driven by factors like institutional adoption, DeFi's rise, and NFT popularity. Bitcoin, the world’s largest digital asset by market cap is up by 155% at the time of writing, which makes Bitcoin one of the best-performing asset class of 2023.»

The landscape of investments over the last few decades has witnessed a transformative shift with the rise of digital currencies, and among them, Bitcoin stands out as a beacon of innovation and opportunity. Among the contenders, Bitcoin has emerged as a frontrunner, challenging the historical dominance and status quo of gold as the ultimate store of value. One of the key reasons investors are drawn to both gold and Bitcoin is their finite supply. Gold's scarcity has been the primary driving factor behind its historical value, but Bitcoin takes this concept to the next level.

The company explained the reduction is part of the 'ongoing optimisation and forward-looking orientation' of the broader Xtrackers range of products.

Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says.

Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold, and silver as inflation threatens to worsen living standards globally.

An international, organized criminal network has been busted for gold smuggling and using the tether (USDT) stablecoin in its $16 million-worth illegal operations.

Bitcoin (BTC) recently surged above $37,000 between Nov. 10 and 12, only to falter and undergo a correction toward $35,000 on Nov. 13.

Gold and the US Dollar have long held their positions as stalwart players, Bitcoin has boldly entered the race, establishing itself as an emerging asset class. Each of these three assets possesses distinct characteristics and potential benefits, creating a dynamic landscape reflecting wealth and investment evolving nature. Let’s delve into the comparative study of Bitcoin, USD, and gold over the past decade. Age and Nature of the Assets Gold, a trusted store of value for centuries, has been a staple in the financial markets since the 1970s. However, the landscape changed significantly with the introduction of the first gold exchange-traded fund (ETF), Gold Bullion Securities. Launched on March 28, 2003, on the Australian Securities Exchange by ETF Securities and its major stakeholder, Graham Tuckwell, this event marked a significant evolution in gold investment. Historically, gold has demonstrated its resilience by serving as a hedge against inflation amid economic uncertainties. This characteristic has established Gold as a preferred choice for investors looking to safeguard their portfolios. Despite encountering short-term fluctuations, Gold has maintained its reputation as a stable investment, particularly appealing to risk-averse investors. The enduring popularity of Gold as an investment option underscores its time-tested role in providing stability amid the dynamic currents of the financial markets.

Cathie Wood has reiterated her confidence in Bitcoin as the go-to asset as hedge against deflation over the next decade. Wood picked Bitcoin over traditional safe havens like gold or cash.

Billionaire investor Stanley Druckenmiller praised Bitcoin (BTC) for establishing a “brand” over last decade and half — admitting while he doesn’t own any Bitcoin, he ought to.

Bitcoin’s (BTC) price will increase 74.1% in the first year after spot Bitcoin exchange-traded funds (ETFs) are launched in the United States, according to estimates from crypto investment firm Galaxy Digital.

As people look for a stable way to enter into the crypto market, this gold-backed digital ecosystem with a crypto token and NFTs offers a solution.

Blockchain gaming is going from strength to strength — underpinned by the explosion of nonfungible tokens, which continue to achieve mainstream adoption. The FRUITS Eco-Blockchain Project is building on this momentum by allowing NFTs to be redeemed for a coveted, real-world object: a physical golden egg.

Bitcoin (BTC) faced a 4.9% correction in the four days following the failure to break the $28,000 resistance on Oct. 8, and derivatives metrics show fear is dominating sentiment in the market, but will it be enough to shake Bitcoin price from its current range?

Renowned investor Paul Tudor Jones has shared his bearish outlook on stocks while expressing optimism for gold and Bitcoin (BTC).

On Oct. 5, the gold-backed digital token under the name Zimbabwe Gold (ZiG) officially kicked off as a payment method. The launch was announced by the Reserve Bank of Zimbabwe (RBZ).