5 hours ago
A top Coinbase executive says that investors who missed out on gold’s massive rally may start flooding into Bitcoin ( BTC ). In a new interview on CNBC Squawk Box, John D’Agostino, Coinbase’s head of institutional strategy, says Bitcoin is an attractive asset for investors looking for a gold alternative as a hedge against inflation. “I spoke to a couple of traders who said if you believe these conditions, these de-dollarization conditions are going to persist, you’re looking at gold obviously first and foremost. But maybe you missed out on that trade. You’re looking at that rally and saying I missed the boat on that. So what other assets could participate in that market panic long-term inflation hedge? When you do the work, there’s a very short list of assets that mirror the characteristics of gold. Bitcoin is on that short list. In addition to the four characteristics I mentioned [scarcity, immutability, non-sovereign asset, portability], it’s mining scarcity, it’s mining difficulty gets harder over time.” He also says that investor analysis shows Bitcoin is a top-performing asset during market turmoil and inflationary conditions. “I know a couple of the best commodity traders in the world, and five, six years ago they thought inflation was going to persist and be an issue. And there’s no perfect inflation hedge. We all know that. Because nothing’s perfect. So they created a basket. So they looked at hundreds of different assets and said what’s the best possible basket of commodities, real estate holdings, US Treasuries, what does that look like over the next 10 years to be the better inflation hedge just holding a single asset. In every single one of their analysis, Bitcoin was top five. So, again, nothing’s perfect, but as a basket for to protect against market panic and inflation hedge Bitcoin and gold go side-by-side.” Bitcoin is trading for $93,146 at time of writing, up 2.6% in the last 24 hours. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE-3 The post Coinbase Executive Says Investors Looking at Bitcoin (BTC) After Missing the Boat on Gold Rally appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Chainlink (LINK) Vs Litecoin (LTC): Which Coin’s Indicators Signal The Next Rise?
The battle between Chainlink and Litecoin heats up as investors watch their market moves closely. With both coins showing potential, the question arises: which one is poised for a significant rise? This article delves into the indicators that suggest which of these popular cryptocurrencies may surge next. Find the insights that could help guide investment decisions. Chainlink`s Performance: A Steady Ascent in Recent Months Last month shows limited movement with only a 0.37% change, while the six-month period records nearly a 25% rise. A one-week surge of roughly 18.76% indicates a short-term boost. The data reflects steady execution rather than wild swings, as the coin has gradually built its value over time with sustained growth. Current pricing is positioned between $11.04 and $16.82, with immediate support at $8.57 and resistance at $20.14. The RSI at 60.69, along with oscillator signals, leans slightly bullish, though a clear trend is absent. Traders may look to buy near support and consider selling around resistance zones while monitoring moves towards the $25.92 and $2.79 levels for broader risk management. Litecoin Price Pulse: Volatility Opens Trading Windows Over the last month, Litecoin retraced with an 8.04% decline, while the six-month view reveals a strong 18.15% gain, pointing to price swings that challenge typical trends. The one-week gain of 11.65% highlights short-term recoveries amid overall adjustments. Market behavior shows mixed momentum, with performance indicators reflecting temporary pullbacks and renewed strength over time. Current prices are moving between $65.54 and $115.71, with the nearest support at $48.09 and resistance near $148.45. A second resistance is around $198.63. Indicators suggest buyers have controlled some recent steps, even though a clear trend is absent. Consider trades that respect these key levels while watching for shifts in momentum. Conclusion The analysis of LINK and LTC highlights differing strengths and potential. LINK’s Oracle solutions are rapidly gaining traction across various sectors. LTC’s established presence and significant adoption continue to offer resilience. While LINK’s technological innovations may invite new opportunities, LTC’s strong market position and reliability should not be overlooked. Both coins hold potential for future growth, albeit through different paths. The choice between them depends on individual growth strategies and preferences for innovation versus stability. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. The Daily Hodl
Paypal Seeks to Drive PYUSD Adoption With 3.7% Reward on Users’ Stablecoin Holdings
Paypal is launching a new rewards program for its stablecoin PYUSD, offering U.S. users a 3.7% annual return to boost adoption in the competitive stablecoin market. Incentivizing Use of PYUSD Paypal Holdings is launching a new rewards program for its stablecoin PYUSD to boost adoption of the digital token within a fiercely competitive market. The The Daily Hodl
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SOL Strategies Secures $500M to Buy More Solana
2 saat önce
