Your Daily Digest of Global Stories
Bitcoin (BTC), the first digital currency on the market, has managed to overtake gold in one of the largest ETF markets. The iShares Bitcoin Trust (IBIT) fund, managed by BlackRock, has surpassed the gold ETF of the same firm in assets under managementiShares Gold Trust (IAU). This milestone marks a significant change in investor perception…
The biggest advantage of a BTC reserve lies in its scarcity: there will be no more than 21 million coins. Unlike gold, bitcoin does not require complex management or costly security measures. The bitcoin-based strategic reserve project, promoted by Senator Cynthia Lummis – known on Capitol Hill as “The Queen of Cryptocurrencies” – has captured…
Bitcoin (BTC), the first digital currency on the market, continues to make bullish steps against gold. The crypto asset reached a price above $106,000 in the last few hours, establishing a new all-time high. This increase also led the crypto asset to reach a record against goldreaching 40 ounces per bitcoin before falling back to…
There are currently no gold mines operating in El Salvador, something that President Nayib Bukele wants to change. For this reason, in the coming days, it will send to the Legislative Assembly a request to repeal the Mining Prohibition Law in El Salvador, with the aim of beginning to carry out “responsible exploitation” of this…
Unlike gold, bitcoin shows low correlation with inflation. There would still be a long way to go before bitcoin became a means of payment and a mass unit of account. Bernstein, an investment management firm, stated that bitcoin could replace gold as the main store of value asset in the next ten years. Gautam Chhugani,…
Bitcoin has reached a new milestone by surpassing $100,000 for the first time in its history. This advance not only represents an all-time high in dollars, but also against goldone of the oldest and most recognized financial assets in the world. At the moment, 1 bitcoin is equivalent to 39 ounces of gold. The previous…
From Chile they maintain that the reserves must meet high security criteria. In this way, they differ from countries like Brazil and the United States. In contrast to the debates currently occupying congressmen in Brazil and the United States, in Chile the idea of establishing a strategic bitcoin reserve has been categorically rejected. The Central…
50 million ounces of gold await the country to reverse the law that prohibits metal mining. Bukele’s bitcoin strategy is already giving strong signs that it is working. The president of El Salvador, Nayib Bukele, is determined to continue diversifying the national treasury after he revealed, in March of this year, the address of a…
1,000 tons of gold were found, increasing the global supply of the yellow metal, The discovery highlights the importance of bitcoin as a secure store of value. China has discovered a huge gold deposit with reserves estimated at more than 1,000 tons, as reported by the Geological Bureau of Hunan province, in the center of…
Wyoming US Senator Cynthia Lummis is proposing that the United States sell part of its gold reserves to finance the purchase of 1 million bitcoin (BTC), representing approximately 5% of the total BTC supply in circulation. In one interviewLummis explained that they already have “the financial assets in the form of gold certificates to convert…
