Cryptocurrency News Donald Trump gold Iran U.S. Politics 

Iran Punks Trump With Historic Gold-Backed Crypto Scheme

Days after President Trump slammed bitcoin and the very idea of crypto, geopolitical foe Iran revealed that it is ready to unveil its own gold-backed cryptocurrency. Gold held in reserve by the Middle East country’s central bank will back the value of tokens on the blockchain of Iran’s new central bank “cryptocurrency” – which might be a generous term. The crypto will be mined by a small consortium of private Iranian tech companies. The move could further complicate tensions between the oil-rich country and the United States. News of the…

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bitcoin Bitcoin Analysis Cryptocurrency News gold Op-ed 

Should Bitcoin Bulls Fear Gold’s Unexpected Rally?

Gold has been rallying alongside bitcoin the past few months, and with this move in gold, there has been an increase in traffic at precious metals sellers as consumers unload expensive watches and precious metals. What does this signify for bitcoin, if anything? Why the Gold Rally? The gold and Bitcoin prices have both rallied in 2019. | Source: TradingView Pawnshops have existed for centuries. Stores that specialize in buying gold cropped up during the financial crisis. With unemployment soaring and gold pushing $2,000 per ounce, citizens across the country…

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bitcoin Cryptocurrency News gold 

Bitcoin Users Unaffected as NASA Targets Infinite Amount of Gold

An easy argument against the “limited supply” trope around gold is simply that we don’t know how much is out in the universe. CEO of gold ETF company, not a fan of bitcoin https://t.co/18nXYtNMFL — Barry Silbert (@barrysilbert) June 29, 2019 Precious Metal Supply: Not Limited After All NASA reportedly just uncovered a vast gold rock with enough of the stuff to make everyone billionaires at current prices. Of course, this much gold would drop the price. This is an episode, of course, which could never happen in Bitcoin. But…

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bitcoin Bitcoin Analysis Cryptocurrency News gold Op-ed 

Trade Bitcoin? Here’s Why You Absolutely Need to Also Buy Gold

Published: 23/06/2019 13:13 ET. Journalist: By CCN Markets: Trading bitcoin comes with an extremely high degree of risk because of its volatility. Other than technical analysis, which can assist in finding buy and sell points, crypto traders are beholden to the whims of other traders. This is particularly true for bitcoin because its value isn’t tied to any asset, which would give it some framework for intrinsic value. Traders are making decisions based on what they think someone else believes bitcoin to be worth in a specific moment, which is…

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bitcoin Bitcoin Analysis gold investment offshore bank price trading winklevoss twins 

Winklevoss Twins Expect Bitcoin Market Cap to Surpass Trillions

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Tyler and Cameron Winklevoss, better known as the Winklevoss twins, expect the market valuation of bitcoin to surpass trillions of dollars in the upcoming years. Basis of the Prediction of the Winklevoss Twins In an interview with CNBC, Cameron Winklevoss explained that the properties of bitcoin allow it to operate as a premier store of value that is in orders of magnitude better than gold in many aspects, including transportability, divisibility, and monetary supply. “We’ve always felt…

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