A recent report in the Wall Street Journal details how Bitcoin is becoming an increasingly mainstream asset and is starting to develop strong correlations with traditional assets, including Gold. The report cites the increase in institutional funding, increasing venture capitalist (VC) investments, and growing mainstream adoption as possible factors behind its increasing correlation with traditional markets. Despite… Continue reading Report: Bitcoin Conforms to Mainstream Markets, Strong Correlation with Gold
Category: Gold
Auto Added by WPeMatico
Crypto Venture Capital Exec Compares Bitcoin to Post Dot-Com Bubble Amazon
CryptoOracle partner Lou Kerner said that strong cryptocurrencies should be viewed like the big companies that came out on top after the dot-com bubble. Lou Kerner, a partner at venture capital firm CryptoOracle, compared the current slump in crypto prices to the dot-com burst in the early 2000s in an interview with CNBC Nov. 21.… Continue reading Crypto Venture Capital Exec Compares Bitcoin to Post Dot-Com Bubble Amazon
Swiss-Based Asset Management Firm to Introduce Metals-Backed Cryptocurrency
Swiss commodities management company Tiberius Group AG is going to introduce a digital currency backed by metals. Switzerland-based asset management company Tiberius Group AG is going to introduce a cryptocurrency backed by metals, Bloomberg reported September 27. Founded in 2005 as a commodities asset management firm, Tiberius Group manages around $350 million in assets. The… Continue reading Swiss-Based Asset Management Firm to Introduce Metals-Backed Cryptocurrency