The recent analysis by Coinbase compared the potential role of Bitcoin and gold in the market. Supporters of Bitcoin have suggested that Bitcoin could function as digital gold in the future. Coinbase mentioned that the increasing adoption of Bitcoin as a digital gold alternative might attract new investors. The report also highlighted how the Federal Reserve's cautious approach to interest rate cuts negatively affected cryptocurrencies but positively impacted gold. According to analyst David Han, the introduction of spot Bitcoin ETFs led to increased capital flow into Bitcoin and potentially reduced volatility in the market.
Bitcoin and Gold Comparison by Coinbase Analyst
by Giorgi Kostiuk
a year ago
0
Other news
Ethereum Hits New Milestone Surpassing SAP Market Cap
Ethereum's market cap reaches $361.68 billion, exceeding SAP and securing 35th position among global assets.
Binance's Burn Strategy: BNB on Track for $800
Binance burns $1 billion in BNB aiming for a 17% price increase. Leadership changes and market implications are discussed.
China's Growing Interest in Digital Currencies and Stablecoins: Regulatory Developments
Chinese authorities and tech companies are revisiting digital currencies despite a ban on cryptocurrencies.
Upbit Adds Ethena (ENA) Token Trading Support in KRW, BTC, and USDT Pairs
Digital asset exchange Upbit has announced trading support for the Ethena (ENA) token in KRW, BTC, and USDT pairs starting July 11, 2025.
Successful Conclusion of Ripple's Drought Insurance Pilot
Ripple has successfully concluded its drought insurance pilot in Kenya, providing protection for 517 pastoral communities.
Crypto Market: Liquidation of Over $1 Billion in Shorts
In the last 24 hours, over $1 billion in crypto shorts were liquidated, primarily on Bitcoin. Analysis of trends and factors.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter