Bitcoin News

Story: Investors fast moving to Bitcoin from Gold

By Sydney TheCMO

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Bitcoin’s latest exponential bull run has created huge ripples not only in the crypto space but the mainstream financial world as well.

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In that light, mention must be made of a report released by the esteemed JPMorgan last week.

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JPMorgan's  report on BTC last week includes a comparison between GBTC (Grayscale Bitcoin Trust) and gold ETFs.

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According to experts, the increasing demand in Bitcoin and the sharp ascension of GBTC is largely driven by huge support shown by corporate giants lately. 

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“Paypal has recently launched a cryptocurrency service and that certainly includes Bitcoin. Then, you have NYSE-listed Square which has allocated 1 percent of total assets into…

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It’s to stress here MicroStrategy founder Michael Saylor was initially a Bitcoin skeptic. Cut to 2020, Saylor has made Bitcoin the primary Treasury reserve asset of his company.

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When it comes to investors increasingly taking to BTC over gold, mention must be made of esteemed American billionaire and investor Stanley Druckenmiller.

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In one of his recent interviews with CNBC, Druckenmiller stated that although he has made a fair share of investment in gold yet lately he has also made a considerable amount of…

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Bitcoin has currently crossed the $15k mark, just two days after crossing the $14k mark, and is poised to cross $16k shortly. 

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