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]

Core Viewpoint - Vanguard is reconsidering its position on crypto ETFs due to client demand and changes in regulatory stance, indicating a potential shift in its investment offerings [2][3]. Company Position - Vanguard has historically not allowed crypto ETFs on its brokerage platform but is now evaluating its offerings in light of evolving investor preferences and regulatory changes [3]. - A spokesperson from Vanguard stated that while cryptocurrency mutual funds and ETFs are not currently available, the company continuously assesses its brokerage offerings [3]. Leadership Influence - Vanguard's CEO, Salim Ramji, previously worked at BlackRock, where he was involved in launching significant ETFs, including the iShares Bitcoin Trust ETF, which has a market size of $84 billion [4]. Potential Strategies - Vanguard may adopt several strategies regarding crypto ETFs: - Allow most crypto ETFs on its platform. - Limit or exclude crypto ETFs, similar to its stance on leveraged ETFs. - Approve select crypto ETFs, such as spot Bitcoin, while avoiding those deemed too speculative [5][6]. Market Context - The shift in Vanguard's approach reflects broader industry trends and client interest in cryptocurrency investment products, highlighting the evolving landscape of ETFs [2][5].

Core Insights - The relationship between Bitcoin and gold extends beyond their roles as stores of value and inflation hedges, with gold serving as a material anchor for crypto assets [2][8] - Bitcoin's design inherently draws comparisons to gold, particularly in terms of scarcity and independence from central financial systems [4][5] Group 1: Historical Context - The ties between cryptocurrency and gold were established even before Bitcoin's inception, with Nick Szabo's "bit gold" concept serving as a precursor [3] - Szabo's vision of a trustless, supply-capped digital asset laid the groundwork for understanding digital money as scarce and independent [4] Group 2: Financialization and Market Impact - Gold's modern financialization began with the launch of the SPDR Gold Shares (GLD) ETF in 2004, which now has over $100 billion in net assets, transforming gold into a contemporary investment vehicle [6] - Bitcoin is following a similar trajectory, with the BlackRock iShares Bitcoin Trust (IBIT) accumulating over $85 billion in assets within two years of its introduction to U.S. stock exchanges [7] Group 3: Investment Dynamics - The ETF structure for both gold and Bitcoin has expanded their investor base, allowing institutional funds and large investors to participate without needing to hold physical assets [9]

Core Viewpoint - The discussion emphasizes the potential benefits of Bitcoin as a strategic reserve asset for companies and the nation, highlighting its growing corporate adoption and the upward pressure on prices due to institutional demand [2][4]. Group 1: Corporate Adoption of Bitcoin - Corporate adoption of Bitcoin is seen as a significant trend, with major ETFs like BlackRock acquiring Bitcoin, which is absorbing the natural supply and driving prices upward [4]. - Two types of companies are identified: operating companies that are choosing Bitcoin as a treasury reserve asset instead of low-yielding investments, and treasury companies that are leveraging Bitcoin to create digital credit instruments [6][7]. - The concept of Bitcoin as "digital gold" is introduced, suggesting that it will serve as a foundational asset for digital credit instruments in the future [7][10]. Group 2: Market Dynamics and Comparisons - Bitcoin's price dynamics are contrasted with gold, which is experiencing a significant price increase, indicating a strong demand for bearer instruments among mainstream investors [8][9]. - The analogy between gold and Bitcoin is explored, with Bitcoin being positioned as a superior form of digital capital due to its technological advantages and lack of counterparty risk [9][10]. - The long-term outlook suggests that Bitcoin could become ten times larger than gold, reinforcing its role as a long-term store of value [10].

Core Insights - Baru Gold Corp. has secured a US$100 million funding partnership with Quantum Metal Thailand, now rebranded as Quantum X Aurum Group (QXA) [2][6] - The partnership aims to advance the Sangihe Gold Project into production, reflecting a long-term collaboration between the two companies [3][4] - QXA has committed to further announcements regarding their partnership with Baru, with no material changes to the existing agreement [5] Company Overview - Baru Gold Corp. is a junior gold developer with NI 43-101 gold resources located in Indonesia, a leading gold-producing country [9] - The Sangihe Gold Project spans approximately 25,000 hectares, with only 10% of the gold-bearing area explored to date [7] - The company holds a 70% interest in the Sangihe mineral tenement Contract of Work (CoW), with a 30-year agreement upon the commencement of production [8]

How do people view Bitcoin?Our latest survey reveals that 58.1% of people believe Bitcoin is a type of digital gold. Only 1 in 7 still see it as a peer-to-peer cash solution in line with Satoshi's vision.Let's take a look 👇 https://t.co/3VQHpDTJNc ...

Group 1 - A foam-made golden statue of Donald Trump holding a Bitcoin was installed in Washington, D.C. by crypto supporters as a tribute to his pro-crypto stance and a marketing tie-in for a meme coin [1][2] - The statue's reveal coincided with the Federal Reserve's first rate cut of the year, a 25 basis-point reduction, which is perceived as bullish for digital assets [2] - The launch of a meme coin called "DJT Golden Statue" on Pump.fun saw its value spike to $2.4 million, indicating strong interest and speculation in the market [4] Group 2 - Supporters credit Trump for mainstreaming Bitcoin, while critics argue that the bull market began under President Biden, particularly after spot ETF approvals [3] - The statue symbolizes the merging of politics and financial innovation, highlighting Trump's influence in framing Bitcoin as "digital gold" due to its scarcity and security [2][3]

Group 1: Bitcoin Market Sentiment - Bitcoin is viewed as a polarizing asset, with opinions divided on its volatility and potential as a store of value [1] - Proponents, including the Winklevoss twins, predict Bitcoin could reach $1,000,000 per coin in the next decade, highlighting its growth potential [2] Group 2: Gemini's IPO and Market Performance - Gemini, founded by the Winklevoss twins, recently went public with an IPO priced at $28 per share, which surged to $37.01, indicating a valuation of approximately $4.4 billion [2] - The stock experienced significant volatility on its debut, reaching a high of $45.89, about 64% above the IPO price, before settling around $32, reflecting a 14% increase [5] - GEMI shares have since drifted back toward the IPO level, trading in the high-$20s to low-$30s, indicating a re-evaluation by investors [6] Group 3: Future Outlook for Gemini - If Bitcoin's growth continues, crypto exchanges like Gemini could experience substantial trading volumes, potentially benefiting GEMI shares [3] - The long-term success of GEMI stock is contingent on the execution of Gemini's strategic plans [6]