The Austria’s biggest bitcoin broker seeks that Bitcoin be regulated just like gold and derivatives, claiming that gold benefits from simpler compliance rules than stocks or bonds, and regulations would give cryptocurrency more legitimacy.
A discussion on the adoption of digital currencies in the market influenced by the fact that Doomsday Clock is now two minutes away from striking midnight.
Major financial analysists and researchers have discovered the inverse relationship between gold and Bitcoin. This means that rise in Bitcoin prices translates to a fall in Gold prices and vice versa.
The ‘Commodities King’ Dennis Gartman believes the value of Bitcoin to fall back to 5,000 USD resulting in a collapse in the Bitcoin market.
The president of Venezuela announced that the country will launch 'petro' which is a state backed digital currency in an effort to improve the country's economy
Goldman Sachs’ Jeffrey Currie explained in an interview why the rapid growth of Bitcoin does not have a major effect on the demand for gold.
The price of gold is suffering, while Bitcoin's value uptrend reaching new highs.