👀 @PeterSchiff rejected the idea that Bitcoin is digital gold while speaking at @Binance Blockchain Week presented by @Celo.“It’s digital, but it isn’t gold. Tokenized gold would be digital gold because it’s actually gold.” https://t.co/X4j7VB9XyU ...

Are you digging for digital gold? https://t.co/x8sABWO0RN ...

LATEST: ⚡ Most BlackRock clients are primarily interested in Bitcoin as digital gold, with its global payments use case remaining more speculative, BlackRock head of digital assets Robbie Mitchnick told the Coin Stories Podcast. https://t.co/LCEVdtAmGP ...

BlackRock’s digital assets head Robbie Mitchnick said Bitcoin investors aren’t betting on it becoming a global payment network, calling that scenario “out-of-the-money optionality,” while the core thesis remains digital gold and store of value. He added that Bitcoin would need major progress in scaling and Lightning to compete in payments, whereas stablecoins have already seen “huge success” and are expanding from crypto trading and DeFi into retail remittances, corporate cross-border payments, and capital- ...

Digital Assets & Investment - BlackRock indicates clients view Bitcoin ($BTC) as digital gold [1] - BlackRock suggests Bitcoin is not primarily seen as a global payments rail [1]

RT Bitfinex (@bitfinex)Moving your digital gold just got an upgrade.Bitfinex customers can now deposit and withdraw XAUT0 via @solana - delivering faster transactions, lower fees, and a smoother way to move your digital gold ✅Learn more:https://t.co/CsEta0HjYD https://t.co/MnCfDjMHGT ...

private untraceable swiss digital gold vault in your pocket has to be the coolest crypto use case ever ...

Market Trends - The Bitcoin to gold exchange rate may become the true price [1] - The report explores the exchange rate between Bitcoin and gold, suggesting a potential shift in price discovery [1] Digital Assets - The report questions how many ounces of gold are equivalent to one unit of digital gold (Bitcoin) [1]

Core Viewpoint - Cathie Wood, CEO of ARK Invest, maintains a bullish outlook on Bitcoin, projecting a price target of $1 million despite market volatility and recent downturns [1][3]. Group 1: Market Dynamics - The total market value of stablecoins has surpassed $300 billion, indicating significant growth in the cryptocurrency ecosystem [1]. - Wood believes that the increasing presence of stablecoins, while potentially affecting Bitcoin's short-term performance, reflects the maturation of the broader digital asset market [2]. - Recent market pullbacks are viewed as short-term factors, with December expected to be a turning point due to anticipated improvements in macroeconomic conditions [2][3]. Group 2: Growth Drivers - Key drivers for Bitcoin's growth include institutional involvement and a more stable macroeconomic environment, with conditions expected to improve around mid-December [3]. - Wood compares Bitcoin's potential growth trajectory to that of gold, suggesting it could capture a significant portion of gold's market cap in the future [4]. Group 3: Long-term Predictions - Wood predicts Bitcoin could reach $650,000 by 2030, with a possibility of soaring to $1.5 million under favorable conditions [5]. - Despite current market pressures, Wood's outlook remains optimistic, driven by Bitcoin's recognition as "digital gold" and increasing institutional backing [4].

Gold and Bitcoin have both been seen as beneficiaries of the "debasement trade" - as "insurance" assets for your wider broader portfolio, to the point where Bitcoin is sometimes described as "digital" gold. But how similar are they really? https://t.co/L7OstN2eQK ...