Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$105,496.00
-1.54%$2,539.67
-1.56%$2.17
-3.16%$652.87
-0.46%$148.62
-3.15%$0.999704
-0.01%$0.273751
-0.91%$0.171644
-1.16%$2,539.46
-1.51%$0.619683
-2.18%$40.92
-3.52%$105,481.00
-1.50%$3,063.29
-1.51%$2.90
-3.59%$476.80
0.11%$13.17
-2.81%$9.18
-0.94%$18.80
-2.07%$0.253727
-2.75%$2.99
0.09%$0.99979
-0.00%$48.41
-6.04%$0.00001174
-1.59%$2,717.21
-1.52%$2,540.47
-1.61%$85.41
-0.89%$0.150659
-3.23%$1.00
-0.06%$325.03
-0.01%$0.999745
0.03%$3.77
-2.04%$4.43
-1.96%$105,541.00
-1.49%$7.59
-1.34%$0.00001025
-3.24%$0.56067
-2.15%$267.58
-3.38%$1.18
0.00%$359.77
-0.79%$48.79
-5.08%$1.00
0.00%$4.50
-3.54%$5.20
-2.92%$0.088115
-2.65%$2.17
-3.20%$179.86
-3.03%$16.62
-2.20%$1.056
0.02%$0.761066
-2.04%$29.88
-7.41%$0.999858
-0.10%$0.606401
-1.61%$9.56
-1.80%$4.42
-0.53%$15.63
-4.08%$0.071743
-4.65%$0.02177124
-2.53%$4.06
-2.13%$0.085598
-7.65%$105,156.00
-1.68%$0.196784
-1.61%$0.664639
-1.92%$0.28298
-3.20%$3.28
-3.91%$2.41
-2.12%$1.001
0.09%$0.309311
-2.67%$2,539.11
-1.67%$4.40
-1.47%$0.92741
-2.21%$0.999247
-0.01%$103.19
-0.63%$0.171449
-2.90%$1.00
-0.02%$11.18
0.32%$157.54
-2.89%$1.38
-3.95%$1.24
0.41%$0.01794268
0.68%$2,890.02
-1.55%$0.403845
-4.09%$2,659.33
-1.46%$1.69
-1.39%$1.71
-7.30%$1.11
-3.91%$0.00001419
-3.56%$11.08
-4.50%$0.328006
-1.99%$0.999861
-0.03%$0.01571642
-0.43%$0.99983
-0.06%$0.56665
-2.65%$0.171294
-0.72%$0.999646
-0.02%$0.619399
-3.82%$0.161317
3.80%$2,708.02
-1.64%$0.057896
-1.89%$3.19
-8.45%$2,663.15
-1.49%$105,349.00
-1.78%$652.84
-0.51%$105,381.00
-1.41%$2,671.15
-1.43%$3,407.69
-0.30%$0.084944
-2.48%$3,390.46
-0.22%$106,919.00
-0.91%$0.601593
0.38%$0.511182
-2.51%$0.788551
-6.07%$1.11
-0.00%$0.419231
-4.20%$165.81
-3.14%$2.15
-3.69%$193.30
-3.21%$0.000075
-3.22%$2,743.70
-1.55%$2.24
-0.97%$111.47
0.01%$0.790007
-3.56%$0.698131
-1.15%$0.81826
5.23%$41.76
-2.39%$0.999213
-0.03%$20.14
-2.28%$0.01444201
-3.53%$0.00000065
-3.18%$1.094
0.03%$0.259678
-2.45%$0.16546
-2.19%$31.71
-2.89%$3.87
-2.97%$0.997534
-0.01%$0.01259014
-2.92%$0.446788
-2.95%$105,128.00
-2.02%$40.97
-3.30%$0.00948118
-6.55%$0.100839
-5.87%$0.54441
-3.31%$0.563455
-3.19%$0.999727
0.06%$2.09
-4.87%$2,538.54
-1.59%$0.519013
-4.94%$0.211656
3.37%$105,231.00
-1.48%$0.347716
-1.43%$2,539.97
-1.53%$2,709.43
-1.82%$2,642.17
-1.19%$0.655105
-1.74%$1.47
-2.38%$105,438.00
-1.64%$2,540.30
-1.50%$8.74
-1.53%$0.258116
-2.48%$0.99542
-0.19%$40.89
-3.43%$0.01367397
-4.08%$50.90
-7.38%$0.418838
-3.69%$0.171376
-1.52%$0.061376
0.35%$0.04339578
-2.75%$0.999704
-0.01%$2.34
-4.64%$1.39
-5.46%$1.00
-0.02%$1.45
-5.85%$37.47
-2.16%$0.00000041
-1.20%$1.09
-0.05%$0.999757
-0.00%$0.998796
1.37%$0.512906
0.08%$2,534.53
-1.95%$0.396997
-0.43%$5.54
-1.84%$13.77
-1.77%$2,700.36
-1.43%$0.326378
-6.66%$0.114893
-5.70%$1.021
-5.52%$0.38724
-4.92%$0.997445
-0.11%$0.00001907
-3.09%$0.00650273
-3.08%$2.30
-2.11%$0.073328
-2.51%$0.00403335
5.84%$0.51222
1.79%$1.20
1.72%$0.00367569
-4.51%$5.58
-2.74%$2,799.52
-1.53%$0.135669
-2.55%$0.00000089
-5.91%$0.00402118
-7.94%$0.03493909
-5.57%$0.03554741
-3.01%$0.136965
-2.83%$0.01760945
-1.33%$0.845263
-3.35%$2,776.16
-1.53%$0.160532
0.56%$0.334189
-1.26%$105,466.00
-1.42%$1.36
-4.80%$2,538.59
-1.61%$0.03307556
-0.21%$105,263.00
-1.36%$19.54
-0.69%$0.00005835
-2.72%$161.86
-3.06%$0.761933
-2.48%$0.999083
-0.01%$0.47794
-6.38%$0.999151
-0.05%$1.15
-2.76%$0.065942
-1.92%$0.00362425
-3.78%$0.0000015
-1.81%$2,537.22
-1.73%$0.999654
-0.02%$111.75
-3.24%$18.83
-2.14%$0.999669
-0.02%$0.297595
-5.00%$1.002
-0.19%$0.19674
-1.70%$0.00546498
-3.80%$105,140.00
-1.65%$1.017
-0.03%$1.75
-1.24%$0.620992
-1.25%$0.611788
-3.16%$9.30
1.72%$103,258.00
-0.74%$0.192557
-2.01%$2,118.31
-1.53%$0.01733374
-6.05%$6.32
-2.47%$103,304.00
-1.76%$0.00365083
-4.20%$0.258552
-0.87%$22.79
-2.06%Reading
Gold is rising, and so is Bitcoin. And both are poised to continue seeing gains in the weeks to come thanks to geopolitical uncertainty, worries over the strength of the dollar, and the upcoming U.S. election, according to JP Morgan analysts.
In a Thursday report, analysts at the bank said that a “debasement trade” is coming—which could further drive demand for both gold and Bitcoin and help push up prices. A Donald Trump victory next week in the U.S. presidential election increases the likelihood of such a trade, JP Morgan analysts said.
A “debasement trade” is when traders try to hedge against weakening currencies, geopolitical headwinds, and government deficits. Gold is typically a good insurance policy against weakened fiat money; top asset manager BlackRock has also touted Bitcoin—so-called digital gold—as another asset to invest in during times of uncertainty.
“Rising geopolitical tensions and the coming U.S. election are likely to reinforce what some investors call the ‘debasement trade’ thus favoring both gold and Bitcoin,” the report read.
Republican nominee Donald Trump not only has come out as the crypto-friendly candidate in the race, but his policy to increase tariffs could lead to more inflation and geopolitical tensions, the report noted.
While gold is hitting new highs, the oft-touted “digital gold” has failed to keep up. Bitcoin proponents have long claimed that the cryptocurrency’s unique selling point is that it’s a long-term store of value, just like the precious metal. And the biggest and oldest virtual coin has in the past performed like gold. But that isn’t happening right now. Gold today hit a new all-time high of $2,483 per ounce as geopolitical instability—particularly in the Middle East—and hopes the Federal Reserve w...
Ex-President Donald Trump used to be anti-crypto but has come out fiercely in favor of the industry this year.
The real estate mogul said he wants all future Bitcoin to be mined in the U.S. and also launched a decentralized finance (DeFi) project running on Ethereum that plans to release its own stablecoin, Decrypt previously reported.
Gold has this year hit new highs and Bitcoin is now just 5% off touching its March all-time high. The biggest digital coin is trading for $70,114, CoinGecko data shows, after nearly setting a new all-time high on Tuesday.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
JD.com plans to apply for stablecoin licenses in multiple countries as part of a comprehensive effort to reduce the cost and time of cross-border payments, Richard Liu, founder and chairman, announced on Tuesday. Speaking at a press conference in Beijing, Liu said the Chinese e-commerce giant aims to launch stablecoin services globally, starting with business-to-business payments and eventually expanding to consumer use. "We aim to apply for our stablecoin license in all major sovereign currency...
Nasdaq-listed healthcare technology firm Semler Scientific was valued at a razor-thin premium compared to its Bitcoin holdings on Tuesday, according to the company’s website. The firm’s mNAV, or multiple-to-net asset value, was recently 1.07. That means the company’s $498.5 million enterprise value—accounting for Semler’s market cap, debt, and cash balance—was slightly above that of its 4,449 Bitcoin worth $466 million. Matthew Sigel, head of digital assets research at VanEck, told Decrypt that...
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