Russia’s ‘Gold-Backed Crypto’ Would Lose to Bitcoin, Says Kremlin Economist

Russia and China buying up gold may be setting the stage for a gold-backed cryptocurrency, suggests a former EU minister. However, such a scheme would still be inferior to Bitcoin, according to Russian economist Vladislav Ginko.  Russia Targets ‘Monetary Reset’ Russia was the biggest buyer of gold last year and has quadrupled its gold reserves […]

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Here’s How Much Bitcoin Countries Need to Replace Their Gold Reserves

New research from a digital asset management firm estimates the amount of BTC governments have to accumulate if Bitcoin were to replace the current gold reserves. ‘Governments Have Some Accumulating to Do’ Digital asset management firm Blocktown Capital has estimated the amount of BTC governments would have to accumulate if Bitcoin were to replace the […]

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Bitcoin Price ‘Hit Equilibrium,’ Says Mike Novogratz

The Bitcoin price is “grinding along” at the bottom of its range but could easily hit $8000 by the end of the year, Galaxy Digital CEO Mike Novogratz said as sentiment picks up. Novogratz: $3400 – $3600 Is ‘Equilibrium’ Speaking to Bloomberg at a conference in Abu Dhabi February 13, Novogratz reiterated his continued faith […]

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1% Bitcoin, 99% Cash Portfolio Outperforms Gold, Bonds, S&P 500

Replacing just 1 percent of one’s portfolio with Bitcoin lets investors outperform the S&P 500, gold and US Treasury bonds, new data released February 8 claims. Bitcoin Beats S&P ‘Every Year’ Compiled by Twitter-based economics analyst known as planB, the visual data simulates portfolio performance with varying degrees of Bitcoin involvement. Compared to the three […]

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Venezuela Finds Out the Hard Way That Only Bitcoin is Unconfiscatable

The ongoing political turmoil in Venezuela continues to intrigue Bitcoin figures, following the Bank of England blocking access to the country’s gold reserves in favor of US-backed interim president Juan Guaidó.  Keiser Champions ‘Unconfiscatable’ Bitcoin Venezuela, whose citizens have begun turning to Bitcoin en masse in the face of million-percent inflation, capital, and migration controls, appears […]

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Russia Plans to Ditch US Dollar for Bitcoin, Says University Professor

A Russian university lecturer with ties to the government says the Kremlin will soon begin investing massively in Bitcoin as a way of avoiding new U.S. sanctions, a move that could happen “in a matter of weeks.” Russia to Buy Some ‘Digital Gold’? Speaking exclusively to Micky, Vladislav Ginko of the Russian Presidential Academy of […]

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Investor Says Bitcoin is the ‘First Viable Replacement For Gold’

Georgi Georgiev · April 24, 2018 · 1:00 pm Speaking at the Sohn Investment Conference on Monday, April 23rd, John Pfeffer, serial entrepreneur, investor, and currently a partner at Pfeffer Capital, declared that Bitcoin is the first viable replacement for gold. In a statement that would make even the feet of David Drake twirl with […]

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