Opportunities for Bitcoin could grow as its top safe-haven rival Gold risks regulatory challenges. The U.S. Federal Reserve might impose a ban on private gold ownership to tackle inflation, according to hedge fund manager Crispin Odey. The central bank resorted to a similar strategy after the Great Depression to neutralize the US dollar value. The prospects of Bitcoin on Wall Street grow further as a billionaire hedge fund manager paints a grim outlook for its […]

Bitcoin rallied from $3,800 to $10,000 in two months of volatile trading. The maligned cryptocurrency outperformed its hedging rival Gold on a year-to-date timeframe. Gold underperforms as its correlation with the S&P 500 index grows to an 18-month high. Last week, bitcoin closed above $10,000 almost two months after crashing to below $4,000 in a global market sell-off. The cryptocurrency found its jumping shoes in a multitude of bullish narratives, ranging from deflation-friendly “halving” to […]