Brett Heath, CEO of precious metals royalty and streaming company Metalla Royalty & Streaming, has warned that crypto will “lead the charge into the next financial crisis.” Metalla Royalty & Streaming is a Canadian-based firm founded in 1983 and has a current net worth of almost half a billion dollars. Metalla offers exposure to precious metals through gold and silver royalties and streams. Speaking to financial news outlet Kitco News on Friday, Heath compared crypto to the tech induced crash of the early 2000s and the 2008 mortgage crisis, noting that: “When you look back the last few decades and …

This is Part One of a multipart series that aims to answer the following question: What is the “fundamental value” of Bitcoin? Part One is about the value of scarcity, Part Two — the market moves in bubbles, Part Three — the rate of adoption, and Part Four — the hash rate and the estimated price of Bitcoin. The value of scarcity In recent months — and throughout 2020 amid the COVID-19 pandemic and its negative effects on the economy — central banks around the world have issued unprecedented quantities of money in order to try to counter an inevitable …

Spencer Schiff, the son of gold bug and major Bitcoin (BTC) critic Peter Schiff, seems to have decided to move all his portfolio investments into one single asset, Bitcoin. “My son went all in on Bitcoin on the last drop below $50k. 100% of his portfolio is now in Bitcoin,” gold bug Schiff announced Wednesday on Twitter. The famous Bitcoin skeptic specified that his son sold the last of his silver stocks for cash. Schiff went on to express concerns over the investment choices of the younger generation, stating, “If my own son is this brainwashed imagine how vulnerable most …

The combined value of all cryptocurrencies broke a new record of close to $1.139 trillion at 8:50 a.m. UTC on Feb. 4 . While long-term analysts often eye Bitcoin's solo chances of eating into gold's total market cap, the combined value of all cryptos together is currently more competitive with the total market cap of silver, at just under $1.5 trillion. Having broken the $1 trillion milestone early in Jan. 2021, today's crypto market is seeing greater distribution of growth between the top two assets in the game: Bitcoin (BTC) and Ether (ETH). On Jan. 7, the date of the …

Bitcoin (BTC) price spent the day trading in a tight range between $32,000 and $34,000. At the time of writing, the digital asset is pinned below the descending trendline resistance and each attempt to cross above it is met by selling. Data from Cointelegraph Markets and TradingView show a price increase of 4.14% for the top cryptocurrency, which currently trades at $33,840. In light of the sideways price action, Ki Young Ju, the CEO of the cryptocurrency analysis firm CryptoQuant, spotted a potential bullish indicator that may indicate a price breakout in the near future for Bitcoin. According to Ju, …

Using the analogy of a Hi/Lo poker game — a variety of poker which crowns the highest and lowest hands as victors — broadcaster Max Keiser explained citizens will ultimately lose when it comes to holding government-issued currencies. "Unless you're a country, that can make money by debasing your currency, by getting kickbacks from Wall Street who packages all those currencies in the form of negative rate interest-rate bonds, then you only have one choice," Keiser said during an Oct. 15 episode of his show, the Keiser Report, adding: "You can only try to win the hand with the high …

Investor Jim Rogers, chairman of Rogers Holdings, recently warned in an interview that recent central bank bailouts will bring about the worst economic meltdown in his lifetime. Central banks globally are printing trillions of dollars in an effort to help countries stimulate their respective economies. Although the S&P 500 has gone up 50% and has shown no signs of slowing down since March 23, Rogers believes that the bailout plan is not going to end well in the long term. In fact, Rogers thinks the US market is a bubble that is “waiting to end”: “Remember there is an election …

After recovering 6.3% from a drop to $11,200 on Aug. 11, Bitcoin (BTC) price appears to be gearing up for a third run on the $12,000 mark. This comes after a week of bullish news that included Nasdaq-listed investment firm MicroStrategy purchasing 21,454 BTC as protection against the weakening U.S. dollar, Coinbase exchange offering Bitcoin-backed loans, and the revelation that BlackRock and Vanguard are major holders of MicroStrategy shares. Cryptocurrency daily market performance snapshot. Source: Coin360 The increasingly bullish sentiment extends across the entire crypto sector, and proof of this comes from altcoins like Tezos (XTZ) and Chainlink (LINK) surging …

After an exciting weekly close that saw the price of Bitcoin (BTC) rally above the $12,000 mark for the second time this month, the digital asset has lost momentum and slipped below $11,500. The former resistance level at $11,800 has again failed to function as support, and at the time of writing, Bitcoin's price has dropped below $11,600 to test the ascending trendline support at $11,550. Cryptocurrency daily market performance snapshot. Source: Coin360 Bitcoin’s inability to sustain above the $12,000–$11,800 zone comes as the price of gold corrected 3.6% and dropped below its all-time high to $1,950. The price of …

The prices of gold, silver, and Bitcoin (BTC) are all rallying in tandem, as various macro factors boost alternative assets. As gold rose to a new all-time high at $2,055, BTC rallied to $11,715 on the day, recording a 4.28% increase. Gold-USD. Monthly chart. Source: TradingView.com As the three assets see stronger momentum altogether, there are three factors to consider. These are: gold’s correlation with Bitcoin, the effect of the declining U.S. dollar on alternative assets, and increased liquidity stemming from aggressive monetary policies from central banks. Bitcoin’s increasing correlation with gold Prior to February 2020, there was not a …

Bitcoin's (BTC) value appreciation over the past 11 years sets it apart from virtually all of the world’s fiat currencies. Central banks around the globe continue to churn out money, deliberately devaluing existing currency through inflation. They have also had a lot longer than Bitcoin’s 11 years for the effects to accumulate. So, how do major fiat currencies compare to Bitcoin? Bitcoin: The bar by which others will be measured The first Bitcoin was mined on Jan. 3, 2009. The first widely accepted commercial transaction was on May 22, 2010. Laszlo Hanyecz bought two pizzas for 10,000 BTC in an …

On Tuesday, Swiss cryptocurrency financial services firm Bitcoin Suisse introduced precious metal trading against top cryptocurrencies. Bitcoin Suisse has just added gold, silver and platinum for trading on its platform, enabling users to trade the precious metals against major fiat currencies as well as two cryptocurrencies, Bitcoin (BTC) and Ether (ETH). All three types of assets are available for 24/7 trading Announcing the news on Tuesday, Bitcoin Suisse highlighted that precious metals, fiat currencies and crypto assets are available for 24/7 trading with immediate cash settlement. The news comes shortly after Bitcoin Suisse introduced 24/7 trading with fiat currencies on …