bitcoin gold, bitcoin crash. Photo by BeInCrypto The crypto market suffered a steep crash on Friday, erasing billions in value as Bitcoin (BTC) and other major assets plunged. Yet, while digital assets were reeling, gold kept moving higher. The contrast has once again raised questions about whether Bitcoin can truly act as a reliable store of value or live up to its 'digital gold' reputation. What Happened To The Crypto Market on October 10? On October 10, the US President announced a 100% tariff on Ch ...

Core Insights - Bitcoin has experienced significant price appreciation since its inception, with an initial trading price of $0.003 in March 2010, now trading at approximately $125,000, resulting in a potential value of $416.7 billion for a $10,000 investment made at that time [1] - A $10,000 investment in Bitcoin made a decade ago would now be worth $5.08 million, indicating substantial past investment opportunities [2] Catalysts for Price Increase - Bitcoin operates on a proof-of-work (PoW) consensus mechanism, requiring miners to solve cryptographic puzzles to validate transactions, which has evolved from simpler mining methods to the use of specialized ASIC chips [4] - The halving event, which occurs every four years, reduces mining rewards by half, with the most recent halving in 2024 and the next expected in 2028, contributing to the increasing difficulty and cost of mining Bitcoin [5] - With a maximum supply of 21 million tokens, of which 19.9 million have been mined, the scarcity of Bitcoin enhances its value proposition, likening it to precious metals [6] - Bitcoin is often referred to as "digital gold" and is viewed as a hedge against inflation, which has led to the approval of spot price exchange-traded funds (ETFs) by the SEC, facilitating easier access for investors [7] - Major tech companies are accumulating Bitcoin as an alternative to cash, and countries like El Salvador are adopting it as legal tender, while the U.S. has established a Strategic Bitcoin Reserve, all of which could contribute to upward price momentum [8]

Group 1: Cryptocurrency Market Overview - Bitcoin (BTC) has regained value, climbing back to nearly $124,000 after a drop to $120,000, with a recent trading price of $123,500, reflecting a 1.5% increase over the past 24 hours [1] - Altcoins such as Ethereum (ETH), Ripple's XRP (XRP), Solana (SOL), dogecoin (DOGE), and Avalanche (AVAX) saw gains between 1% and 3%, while the CoinDesk 20 Index rose by 2% [1] Group 2: Crypto-Related Stocks Performance - BTC miners linked to high-performance computing infrastructure led the stock gains, with Cipher Mining (CIFR) and Bitfarms (BITF) increasing by 11%–12%, and CleanSpark (CLSK) and Hut 8 (HUT) adding around 6% [2] - The optimism surrounding these gains is attributed to the anticipated demand for computing power driven by artificial intelligence [2] Group 3: Gold Market Dynamics - Gold continues to dominate the "debasement trade," surpassing $4,000 and increasing by 50% this year, driven by rising government deficits, unstable bond markets, and expectations of looser monetary policy [4] - The recent rise in Japanese yields to 17-year highs has heightened global investor anxiety, leading to a shift of capital towards gold as a safe haven, negatively impacting risk assets like cryptocurrencies [4] Group 4: Future Outlook for Bitcoin - Charlie Morris, chief investment officer at ByteTree, suggests that Bitcoin could become more attractive once gold's appeal diminishes, as historically, Bitcoin has benefited during macro-driven risk rotations [6] - Matthew Sigel from VanEck posits that Bitcoin could eventually capture half the market size of gold, which would imply a price of $644,000 per BTC based on current gold gains [7]

🚨JUST IN: @BINANCE CEO, @_RICHARDTENG SAYS; "BITCOIN IS THE DIGITAL GOLD OF OUR ERA" ...

BlackRock Inc. is known the world over for its ETF suite, with funds spanning all manner of industries and themes going back nearly two decades. But one of its newest offerings is its most profitable.The issuer’s Bitcoin ETF, which is nearing the $100 billion asset mark thanks to massive inflows and a new run-up in the token itself, generates more revenue than any other in the firm’s lineup of 1,000-plus globally, according to data from Eric Balchunas and James Seyffart at Bloomberg Intelligence. Their calc ...

Company Overview - Uphold has evolved from a platform for instant multi-asset trading to a provider of infrastructure for on-chain payments, banking, and investments, led by CEO Simon McLoughlin since 2017 [1] Bitcoin's Role - McLoughlin views Bitcoin as more than just a payment tool, describing it as "a revolution in computer science" that addresses long-standing issues like the double spend problem [3][4] - Bitcoin is characterized as digital gold and a superior savings technology, expected to facilitate a generational wealth transfer as digital natives adopt it similarly to how previous generations viewed gold [4] Financial Inclusion - The technology behind Bitcoin is seen as transformational, broadening access to financial services globally without the need for intermediaries [5] Future Outlook - McLoughlin anticipates 2025 as a pivotal year for digital assets, marked by the establishment of clear regulations worldwide, which will validate the transformational technology of cryptocurrencies [6] - The United States is viewed as a critical player, with the government supporting crypto, especially stablecoins, to maintain dollar dominance and expand its influence in global markets [7]

Stocks printed fresh records and gold is on a tear crossing $3,900, but the last leg higher in traditional markets left bitcoin (BTC) behind. The largest crypto, often touted as digital gold, has been stuck in a $100,000–$120,000 range for nearly three months after setting new highs in July and August. The lag fits a pattern. Over the past couple of years, gold and bitcoin have taken turns: when gold breaks out, bitcoin tends to consolidate; when gold cools, BTC often resumes the advance. BTC versus gol ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Anthony Scaramucci is seemingly mixing business with humor, sharing a workout video with Arnold Schwarzenegger weeks after he doubled down on his bold Bitcoin (CRYPTO: BTC) forecast. From Pumping Iron To Pumping Bitcoin On Monday, the SkyBridge Capital CEO joked that he was the Danny DeVito in a nod to the 1988 comedy "Twins" while sharing a video with Schwarzenegger on X, formerly Twitter. "We are Twins. ...

The global markets are moving through one of the most confusing environments in recent memory. While equities and gold both set fresh all time highs, Bitcoin stumbled in the wake of a major liquidation event. Scott Melker and Jeff LaBerge, head of capital markets at Bitdeer, explored how Bitcoin fits into this cross asset puzzle and whether it is finally evolving beyond its risk asset label. Following recent rate cuts, many traders expected a broad rally in risk assets. Instead, the crypto market saw a 1. ...

Industry Focus - The document relates to the digital gold sector [1] Content Type - The content is a promotional announcement for a discussion or talk related to digital gold [1]