Bitcoin Round-Trips Its Way Back Under $35K as Fidelity’s Timmer Calls It ‘Exponential Gold’
The world’s largest crypto remains higher over the past 24 hours, but has slumped nearly 4% from its overnight high.
Gold
A Bitcoin ETF Has Golden Parallels From History
Why all the excitement about spot bitcoin ETFs? Well, a gold ETF was a huge deal for markets, and people wonder if $BTC might be next.
BlackRock CEO Larry Fink Talks Up Crypto Demand From Gold Investors
The CEO of $8.5 trillion asset manager BlackRock (BLK) said “more and more” gold investors have been asking about the role of crypto over the last five years.
U.S. Regulatory Crackdown Sees Institutional Investors Prefer Gold to Bitcoin: JPMorgan
This year’s 76% bitcoin rally appears to have been driven by retail buying, the report said.
Zimbabwe to Introduce Gold-Backed Digital Currency: Report
The country’s central bank wants people to be able to exchange Zimbabwe dollars for the gold-backed token so they can hedge against the currency’s volatility.
Tokenization of Real-World Assets a Key Driver of Digital Asset Adoption: Bank of America
The tokenized gold market reached over $1 billion in value last month, the report said.
Bitcoin Heads for Best Quarter in Two Years, Outperforms Ether, Gold, Nasdaq
One observer said poor order book depth is primarily responsible for bitcoin’s rally, while others pointed to the cryptocurrency’s sound money appeal and Fed pivot speculation as bigger catalysts.