Crypto Blog
Bitcoin is a store of value currency and inflation hedge likable to “exponential gold,” wrote Jurrien Timmer, Head of Global Macro at Fidelity, in a post to X on Wednesday.
The asset reclaimed $35,000 per BTC on Wednesday, with market participants excited over a potential spot Bitcoin ETF approval within the next two months. It’s also arguably rallied as a “flight to quality” for savers as the market loses faith in long-dated treasuries, pumping its price alongside that of gold.
While Bitcoin remains far more volatile than gold today, Timmer noted on Thursday that this works to its advantage during a rally. When comparing the risk-reward of BTC versus other asset classes since 2020, he said that the digital currency “is in a different universe.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jeff Bezos makes a major ‘emotional’ decisionThe Amazon founder recently announced a change that will affect both his personal and professional life.
Read more »
Major Walking Dead Character Death Makes 1 Spinoff Storyline Officially PointlessA multi-episode storyline from a previous season was made pointless by a huge character death in Fear the Walking Dead season 8 part 2.
Read more »
My Hero Academia Makes Some Major Edits in Volume 39My Hero Academia has debuted some major manga edits with the release of volume 39.
Read more »
Artisan Partners Asset Management hikes dividend yield to 7.3%Artisan Partners Asset Management hikes dividend yield to 7.3%
Read more »
LedgerX highlights CFTC regulatory gap in customer asset rulesCFTC focuses on customer asset handling, but the new regulation lacks flexibility for the crypto platform LedgerX. Commissioner Johnson calls for updated rules to protect retail clients, sparking a 75-day public comment period.
Read more »
Onepoint chief calls for review of asset sale by Atos -FTOnepoint chief calls for review of asset sale by Atos -FT
Read more »