Founder and CEO of ARK Investment Management, Cathie Wood believes Bitcoin is ‘bigger’ than gold, predicting BTC’s $2 trillion market cap could one day surpass gold’s $15 trillion over time. In a recent post on Dec. 5, Cathie Wood reacted to the Federal Reserve Chair Jerome Powell’s comments on Bitcoin btc7.7%Bitcoin, describing the cryptocurrency with the largest market cap as a...
MicroStrategy’s aggressive Bitcoin acquisition strategy continues to draw sharp criticism from gold advocate Peter Schiff. In an X post on Monday, Schiff pointed out that MicroStrategy has already spent $11.5 billion of its $42 billion Bitcoin btc-0.43%Bitcoin investment plan in just over a month. He questioned the sustainability of this pace, highlighting that Bitcoin prices remain below the highly anticipated...
Gold rose on Thursday to hover below record levels, underpinned by uncertainty surrounding the U.S. election and expectations of more rate cuts by major central banks, while investors looked forward to a slew of U.S. data for further direction. Spot gold rose 0.2% to $2,679.12 per ounce by 0458 GMT. Prices had climbed to a session...
AMPANG: Four foreigners, including a woman, were detained in connection with stealing almost RM400,000 cash following a bogus gold purchase transaction. Selangor police chief Comm Datuk Hussein Omar Khan said the 45-year-old victim, who is an engineer, was driven to Jalan Sulaiman 1 in Ampang by a man on the pretext of concluding a transaction to...
RECENTLY, a viral video showed a man running away with a handful of gold from a jewellery store. The video began with a man walking into the jewellery store and showing interest in buying some gold. When presented with the jewellery he requested, and while the shopkeeper was calculating the price of the gold, he grabbed...
HANOI: The State Bank of Vietnam (SBV) announced the result of Wednesday's (May 8) gold auction, with three winning bidders securing 34 lots. The only winning bid price is VNĐ86.05 million (US$3,383 per tael), which is VNĐ750,000 per tael higher than the reference price. As a result, a total of 3,400 taels of SJC-branded gold bars have...
Bitcoin’s fourth halving event has drawn significant attention to its comparison with gold regarding scarcity, as highlighted by Glassnode analysts. According to Glassnode, this event marked a historic moment where Bitcoin’s (BTC) issuance rate fell below that of gold for the first time, emphasizing a pivotal shift in the narrative surrounding the two assets. As reported, the halving...
In a recent analysis by JPMorgan, Bitcoin has surpassed gold in terms of investor portfolio allocation when adjusted for volatility. Nikolaos Panigirtzoglou, a managing director at JPMorgan, stated that Bitcoin’s (BTC) allocation is 3.7 times greater than that of gold, attributing this shift to the significant inflows into spot Bitcoin ETFs. Since the approval of these ETFs in...
KUALA LUMPUR: Thieves broke into the home of a businesswoman In Padang Balang, Sentul here and carted away cash, gold bars and designer handbags worth about RM3.5mil. Wangsa Maju OCPD Supt Ashari Abu Samah said the incident occurred late Sunday (March 3) night when the woman and her family were not at home. "The robbers stole a...
KUANTAN: A teenage boy died after being buried in a cave-in while panning for gold at Pos Pantos, Kuala Lipis on Wednesday (Feb 28). Lipis OCPD Supt Azli Mohd Noor said investigations found that the victim, Budiman Johan, 18, along with four other friends, had gone to an oil palm plantation in Pos Pantos to pan...
