Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.
“This significant regulatory shift not only reflects London's intention to remain a key player in the financial world but also signals a broader acceptance and institutionalization of cryptocurrencies,” he said. “The FCA's move is particularly timely, as the cryptocurrency market anticipates the upcoming Bitcoin halving event, a fundamental mechanism that historically has had a bullish impact on Bitcoin's price due to the reduced supply of new coins entering the market.
“The intrinsic value of Bitcoin is that it cannot be confiscated by the state, either through monetary inflation, or through bank failure, or through outright expropriation,” Joshi said in a note shared with Kitco Crypto. “Most of gold’s value also comes from its non-confiscatability, either through monetary inflation or through bank failure.”
For this reason, Joshi said “The structural uptrend in Bitcoin is still intact, while the real price of gold will trend sideways,” and gave a tactical recommendation to “Short gold.” - A recent expansion study puts Blackwater in the top 10 gold projects by size, says Steven Dean, chairman & CEO of Artemis Gold . - Is gold ready to take a breath next week after hitting record highs?After an impressive seven-day rally, which pushed prices to an all-time high of $2,203, the gold market could see some consolidation in the near term; however, many analysts agree that this is not the end of gold’s uptrend.
Source: Digital Coin News (digitalcoinnews.net)