As gold crashes, Jim Cramer says money is ‘all going to crypto’

The host of CNBC’s Mad Money responds to gold’s surprising underperformance this week.

This prominent author reasons why Bitcoin will soon be heading toward the $50,000 range

American businessman and best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki, took to Twitter today to state that the oldest and leading cryptocurrency, Bitcoin as well as precious metals The post This prominent author reasons why Bitcoin will soon be heading toward the $50,000 range appeared first on AMBCrypto.

Rich Dad Poor Dad author explains why Bitcoin will see $50,000 next year

Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, says Bitcoin is heading to $50,000 in 2021. The Bitcoin price (BTC) is heading to $50,000 in 2021, says the best-selling author of “Rich Dad Poor Dad,” Robert Kiyosaki.  Kiyosaki pinpointed the “wall of institutional money” is coming to Bitcoin in 2021, which could push the price up further. Why is Kiyosaki talking about institutional interest in Bitcoin? Kiyosaki, who is also a real estate mogul and an investor in precious metals, has historically liked various stores of value including silver. Based on the institutional inflow into Bitcoin, Kiyosaki noted that BTC below $20,000 is ideal, as $50,000 is the next target.

Chinese State Media Claims Bitcoin Bull Market Could Put Pressure on Gold

An article that appeared on Chinese state media recently has proclaimed that a Bitcoin bull market could be bearish for gold and precious metals.

As Citizens Suffer Central Banks Flush Trading Houses With Trillions, Ease Corporate Strains

Central banks across the world have been increasing stimulus and letting inflation run high in order to combat the disastrous economic effects of the coronavirus outbreak response.

‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes

The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold.

Ron Paul Advises Bitcoin Proponents to ‘Be Vigilant’ of Government ‘There’s Information Collected’

On December 5, the American author and retired politician, Ron Paul, joined the Stephan Livera Podcast episode 234 and discussed cryptocurrencies and bitcoin at great length.

Bitcoin is the ‘wrong price for the possibilities it has,’ says Paul Tudor Jones

He says “The path forward from here is north.” Legendary investor Paul Tudor Jones has likened Bitcoin (BTC) to precious metals, and other cryptocurrencies to industrial metals, in terms of use case — a clear indicator of where he thinks the market is headed over the next 20 years.  In a Thursday interview with Yahoo Finance’s Julia LaRoche, Jones outlined his vision of the digital currency market over the next several decades.

Money Pours Out of Gold in Favour of Bitcoin

As Bitcoin reaches all-time highs, investors on Wall Street are abandoning precious metals in favour of BTC.

Gold Sees Largest Weekly Outflow Ever, Metal Prices Spiral Lower, Analysts Expect Flows Into Bitcoin

Gold investors are getting anxious, as the precious metal’s prices have slid a great deal since a number of vaccine companies have revealed medicines to combat the coronavirus.

Trump vs. Biden: $4K gold target as Brandt eyes Bitcoin ‘big buy signal’

The upcoming US election results can’t stop a fresh gold advance, one analyst says, while Bitcoin is also due fresh bullishness. Gold will gain regardless of whether Donald Trump or Joe Biden wins the election, one analyst says as Bitcoin (BTC) targets $11,000. In an interview with the media division of precious metals giant Kitco on Oct.

$9 Trillion in Stimulus Injections: The Fed’s 2020 Pump Eclipses Two Centuries of USD Creation

Since September 2019, research shows the Federal Reserve has pumped over $9 trillion to primary dealers by leveraging enormous emergency repo operations.

Devere Group CEO Predicts Bitcoin Can Replace Gold as Top Safe-Haven Within a Generation

A few weeks ago, Devere Group CEO and founder Nigel Green said that he believed the US election would bolster the price of bitcoin.

CFTC Charges Firm With Illegally Providing Leveraged Trading of Crypto, Gold

A Caribbean-based firm is in hot water with the CFTC for allegedly allowing US retail investors to partake in leveraged trading of cryptocurrencies and precious metals.

Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top

According to a number of reports and commentary from financial analysts, the world is “drowning in US dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps.

Why Whiskey Becoming “Liquid Gold” Highlights Bitcoin’s True Value

In a bizarre twist, investors hoarding rare casks of whisky highlights exactly why Bitcoin is among the most valuable assets to ever exist.

Rich Dad, Poor Dad Author Says ‘Major Banking Crisis Coming,’ Praises Bitcoin and Gold

Robert Kiyosaki, the author of the best-selling book “Rich Dad, Poor Dad,” explained this week that time is running out as a “major banking crisis is coming fast.” The best selling author says now is “not a time to think about it” and said people should start considering leveraging precious metals and bitcoin.

Why Cryptocurrency Is More Than a Hedge Against US Dollar Inflation

Precious metals used to be the best way to protect your portfolio from natural value deterioration, but Bitcoin is changing the game. During times of international economic crisis, governments print money.

Mitsubishi Launches Blockchain Platform for Metal Trading

The metals and minerals subsidiary of Mitsubishi has launched a blockchain platform to digitize metal trades. The metals and minerals resource trading subsidiary of Mitsubishi Corporation, Mitsubishi Corporation RtM Japan Ltd, has launched a blockchain platform named ECO for precious metals trading. Developed by Mitsubishi in partnership with the American blockchain company Skuchain, the platform is built on top of Skuchain’s EC3 platform for blockchain-based supply chain management and finance. According to the official announcement, ECO will ease metal trades between counterparties by generating, managing and executing invoices and trade confirmations.  For the start, Mitsubishi will only bring its “most valued customers” on the platform but it plans to soon expand and implement ECO to cover a wider portion of its supply chain system.  Using the ECO platform, trading parties will be able to sign trade documents and upload them on the blockchain.

Major Chinese Banks Bar Customers From Buying Gold, Precious Metals

Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them.

Why Bitcoin Ditching Stock Market Correlation For Gold Is Bullish for BTC

Bitcoin price this week exploded from its tightening consolidation range and within a day, broke through resistance at $10,000 and touched $11,400.

Gold Rally Peaks: 5 Reasons Bitcoin Will Likely Outperform The Precious Metal

Ahead of the United States’ second round of economic stimulus, gold and Bitcoin exploded as the dollar fell.

Perth Mint to Launch Blockchain-powered Gold Supply Product in 2021

Australia’s leading precious metals refinery, Perth Mint, and the Israeli blockchain technology company Security Matters have teamed up to launch what they call a mine-to-marketplace ethical gold supply chain solution. The companies said the solution will be run by a joint venture named trueGold, with transparency guaranteed by blockchain technology.

Here’s What Surging Crypto Market “Greed” Could Say About Today’s Drop

Yesterday, Bitcoin broke up through resistance at $10,500 and in short order, rocketed another $1000 to a high of $11,419 on Coinbase Pro.

Bitcoin's multisig addresses highlight coin's SoV

Gold is one of the world's most precious metals, one often stored in large vaults to ensure its security.

EU Leaders Approve $2.1 Trillion Budget, US Lawmakers Expect Another Round of Covid-19 Relief Money

The world’s bureaucrats have been on a money creation spree and on July 21, the European Union approved an unprecedented $2.1 trillion coronavirus relief budget.