CryptoGalaxy (GOLD) News

Galaxy Digital CEO Mike Novogratz has repeatedly stated that in terms of capitalization, Bitcoin will be able to bypass gold in the medium term. However, this week on Twitter, he unexpectedly called for an end to discussions about what is more important than precious metal or cryptocurrency. In his...

Over the last 7 days, the price of Bitcoin grew by over 22.31%, surpassing $55.000 for the first time since mid-May. The coin's market cap hit $1 trillion. New York-based major international investment bank JP Morgan noted the reasons for the surge. In a note from Thursday, the bank said Bitcoin's...

Experts were able to find the reason why the BTC fell below $ 50,000 after analyzing the rate of the most popular assets among investors. Thus, financial market experts concluded that the fall in the value of the leading digital asset is associated with the strengthening of gold and the US dollar....

American electronics engineer, Apple's co-founder Steve Wozniak, who had previously supported Bitcoin many times, said recently BTC is better than gold and that it's a mathematical miracle. Wozniak shared his views in terms of the event Jalisco Talent Land Digital 2021 held in Mexico. He says the...

In a report by analysts from the investment bank JPMorgan, it is said that in the Q2 of 2021, institutional investors began to withdraw from bitcoin en masse. The driver of the change in the tactics of major players was the fall in the value of the largest cryptocurrency in May. At the same time,...

The report of the investment bank JP Morgan says that the fall in the value of bitcoin was the result, among other things, of the transition of some large investors to gold. Today the cryptocurrency is trading at $ 38,900. The day before, the bitcoin rate fell below $ 31,000. Support returned on...

Financier Peter Schiff is widely known as one of the fierce critics of Bitcoin. He repeatedly on Twitter and during a conversation with reporters noted that BTC is an ordinary pyramid that will inevitably collapse. Schiff believes that cryptocurrency is growing in value only due to the influx of...

The rise in price to $ 40,000 and above significantly increased the capitalization of the leading crypto bringing the indicator a little closer to the market value of gold. According to Gold.org, the approximate market value of all mined gold is $ 10.6 trillion. Bitcoin's market cap at the time of...

Co-founders of the Gemini crypto exchange, twin brothers Tyler and Cameron Winklevoss, once again pointed to the giant potential of Bitcoin. They have repeatedly stated that the largest digital currency is set for long-term growth. As part of an online conference on fintech, which opened on...

After a few days of drops, Bitcoin has reacquired some value and now is about $10,500. Most altcoins are also recovering, with the total market gap increasing by $10B. The market experts mentioned the major event noticed within the last 6 months. During this time, crypto assets have been recording...

According to billionaire and Galaxy Digital CEO Mike Novogratz, gold and bitcoin will update their highs soon. The financier expressed this point of view on the air of the CNBC television channel and noted that both assets are the best form of capital preservation in the face of rising inflation....

On May 27, Goldman Sachs will hold a telephone conference on the prospects for the US economy and the impact of the current crisis on assets such as gold and bitcoin. The event will be hosted by Goldman’s Investment Strategy Group IT Director Sharmin Mossavar-Rahmani, Harvard University Economics...

Paxful’s P2P platform for bitcoin trading has allowed customers to make transactions for the purchase and sale of the first cryptocurrency for physical gold. The company announced this on its blog. Site CEO Ray Youssef sees growing interest in gold as a safe investment in light of the recession...

Tether proclaimed the launch of a new stablecoin backed from gold, which, as the company mentioned: "grants the right to own about 31 gram of pure material gold in certain gold bullion." A stablecoin with the XAU₮ will be released on the Ethereum and TRON blockchains. Gold, which is...

Mark Mobius, a veteran investor, gave a blanket endorsement to purchasing gold, mentioning that accumulating bullion will collect rewards over the long term as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce the demand for genuinely hard...