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Coinbase Executive Says Investors Looking at Bitcoin (BTC) After Missing the Boat on Gold Rally

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 . CoinOtag

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With a Pro-Crypto SEC and 72 Crypto ETF Filings, Bloomberg Analyst Predicts ‘a Wild Year’

There are now 72 cryptocurrency-based exchange traded fund (ETF) filings awaiting approval by the United States Securities and Exchange Commission (SEC), per data shared by Bloomberg senior ETF analyst Eric Balchunas in a report compiled by ETF research analyst James Seyffart. The massive list includes both spot and options ETFs for more than 15 different crypto assets as the underlying.The filings include exchange-traded products for top market cap assets like Ripple’s XRP, Litecoin (LTC) and Solana (SOL), as well as for popular memecoins including DOGE, BONK and several 2x leveraged products for the official Trump family memecoins , TRUMP and MELANIA, among several other assets. “Gonna be a wild year,” Balchunas commented on X in the April 21 post. There are also more than a few Bitcoin (BTC) and Ethereum (ETH) ETF filings looking to launch alongside the popular products that finally went live in the U.S. last year. Staked ETH ETFs are also on deck, per the filings. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io CoinOtag