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AibiemkaWill Bitcoin be priced at $100,000
In the first weeks of March, bitcoin broke all previously set price records. On Wednesday, March 13, the value of the coin exceeded $73,000, and its market capitalization approached $1.5 trillion. In ten years, bitcoin's value has grown by 107365.9%, which has never happened before in the market with any of the assets, including gold, platinum and oil. Naturally, the rapid growth of the VTS price is causing a lot of heated debates on whether the coin can set an all-time record by reachin...
AibiemkaAre cryptocurrencies a financial bubble?
Cryptocurrencies have experienced a rapid rise in popularity in recent years. Their decentralized nature, anonymity and potential for high returns are attracting more and more investments. However, along with this, there is growing concern among some experts about the overvaluation of digital assets and the sustainability of the cryptocurrency market.What is a market bubble?A market bubble is a situation in the market when the price of an asset significantly exceeds its real value, which soon...
AibiemkaTether blocked more than $1 billion in USDT crypto wallets
Hash Telegraph's sources report that Tether is actively blacklisting wallets and blocking users from accessing USDT stablecoins. Following the events of November 2017, when an unknown hacker stole more than $30 million in USDT stablecoins from a Tether Treasury wallet, the issuer of these stablecoins, Tether announced the release of a new version of its Omni Core software client capable of blocking assets and transactions from blacklisted cryptocurrency wallets. In December 2023, Tether ...
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AibiemkaWill Bitcoin be priced at $100,000
In the first weeks of March, bitcoin broke all previously set price records. On Wednesday, March 13, the value of the coin exceeded $73,000, and its market capitalization approached $1.5 trillion. In ten years, bitcoin's value has grown by 107365.9%, which has never happened before in the market with any of the assets, including gold, platinum and oil. Naturally, the rapid growth of the VTS price is causing a lot of heated debates on whether the coin can set an all-time record by reachin...
AibiemkaAre cryptocurrencies a financial bubble?
Cryptocurrencies have experienced a rapid rise in popularity in recent years. Their decentralized nature, anonymity and potential for high returns are attracting more and more investments. However, along with this, there is growing concern among some experts about the overvaluation of digital assets and the sustainability of the cryptocurrency market.What is a market bubble?A market bubble is a situation in the market when the price of an asset significantly exceeds its real value, which soon...
AibiemkaTether blocked more than $1 billion in USDT crypto wallets
Hash Telegraph's sources report that Tether is actively blacklisting wallets and blocking users from accessing USDT stablecoins. Following the events of November 2017, when an unknown hacker stole more than $30 million in USDT stablecoins from a Tether Treasury wallet, the issuer of these stablecoins, Tether announced the release of a new version of its Omni Core software client capable of blocking assets and transactions from blacklisted cryptocurrency wallets. In December 2023, Tether ...
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The total market capitalization of gold today is about $13 trillion. The cryptocurrency market is valued at about $1 trillion. Bitcoin still lags far behind gold, but the progress is impressive. Today, lines of code can rival an asset with thousands of years of history. Some people even call bitcoin "the new gold." How correct is such a comparison? Let's find out.
Whether cryptocurrency can be called the new gold is debatable. There are some similarities between the two assets, but there are also some key differences.
Similarities
Both gold and cryptocurrency are scarce assets. There is a limited amount of gold and a limited amount of cryptocurrencies in the world (in the case of bitcoin, there can be a maximum of 21 million coins).
Both are seen as a defense against inflation. When the value of paper currencies (such as the dollar) declines due to inflation, the value of gold and cryptocurrency increases.
Both gold and cryptocurrency are decentralized.
Differences
Gold is a physical asset, while cryptocurrency is a digital asset. Gold can be stored in physical form, whereas cryptocurrency exists only in the form of computer code.
Gold has a long history of use as a savings vehicle, whereas cryptocurrency is a relatively new asset.
Cryptocurrency is widely accepted for payment, while gold cannot be used in this way.
Bottom line: gold and cryptocurrencies are both scarce and decentralized assets that can act as a hedge against inflation. However, gold is a tangible, time-tested means of saving, while cryptocurrencies are newer digital assets but can be used for payments.
The value of gold has been relatively stable over the long term. The price of gold has doubled only a few times in the last 100 years. Gold is seen as a hedge against inflation: while traditional currencies have become cheaper, gold has retained its value.
The price of bitcoin has been much more volatile than the price of gold. Bitcoin has risen and fallen sharply several times in the last 11 years.
Note that high returns in the past do not guarantee high returns in the future.
Gold has long been used as a hedge against inflation, so it is considered the best choice for this purpose. Bitcoin has the potential to replace the precious metal, but so far trust in it is not high enough.
Gold is more stable than cryptocurrencies. The price of bitcoin has fluctuated wildly in recent years, making it a risky investment for some people.
Gold is considered a safe asset, while bitcoin is more risky, but has the potential for greater returns. Ultimately your best investment will depend on your circumstances and risk tolerance.
The right choice may be to have a diversified portfolio of different assets: not only gold and bitcoin, but also stocks, CFDs, etc.
The total market capitalization of gold today is about $13 trillion. The cryptocurrency market is valued at about $1 trillion. Bitcoin still lags far behind gold, but the progress is impressive. Today, lines of code can rival an asset with thousands of years of history. Some people even call bitcoin "the new gold." How correct is such a comparison? Let's find out.
Whether cryptocurrency can be called the new gold is debatable. There are some similarities between the two assets, but there are also some key differences.
Similarities
Both gold and cryptocurrency are scarce assets. There is a limited amount of gold and a limited amount of cryptocurrencies in the world (in the case of bitcoin, there can be a maximum of 21 million coins).
Both are seen as a defense against inflation. When the value of paper currencies (such as the dollar) declines due to inflation, the value of gold and cryptocurrency increases.
Both gold and cryptocurrency are decentralized.
Differences
Gold is a physical asset, while cryptocurrency is a digital asset. Gold can be stored in physical form, whereas cryptocurrency exists only in the form of computer code.
Gold has a long history of use as a savings vehicle, whereas cryptocurrency is a relatively new asset.
Cryptocurrency is widely accepted for payment, while gold cannot be used in this way.
Bottom line: gold and cryptocurrencies are both scarce and decentralized assets that can act as a hedge against inflation. However, gold is a tangible, time-tested means of saving, while cryptocurrencies are newer digital assets but can be used for payments.
The value of gold has been relatively stable over the long term. The price of gold has doubled only a few times in the last 100 years. Gold is seen as a hedge against inflation: while traditional currencies have become cheaper, gold has retained its value.
The price of bitcoin has been much more volatile than the price of gold. Bitcoin has risen and fallen sharply several times in the last 11 years.
Note that high returns in the past do not guarantee high returns in the future.
Gold has long been used as a hedge against inflation, so it is considered the best choice for this purpose. Bitcoin has the potential to replace the precious metal, but so far trust in it is not high enough.
Gold is more stable than cryptocurrencies. The price of bitcoin has fluctuated wildly in recent years, making it a risky investment for some people.
Gold is considered a safe asset, while bitcoin is more risky, but has the potential for greater returns. Ultimately your best investment will depend on your circumstances and risk tolerance.
The right choice may be to have a diversified portfolio of different assets: not only gold and bitcoin, but also stocks, CFDs, etc.
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