DailyHodl: Michael Sonnenfeldt of Tiger 21 reveals high-net-worth investors are increasingly turning to $BTC as a hedge against global instability, with $6 billion in digital assets. #Update #Crypto $BTC (+4) ↗
Bitcoin.com: Gold surged to a record $2,850.9 per troy ounce on COMEX as markets evaluated tariff impacts, nearing the $3,000 milestone before retreating. #Update #Commodities (+6) ↗
DailyHodl: @UBS is testing its tokenized gold product, UBS Key4 Gold, on Ethereum’s $ETH layer-2 ZKsync for improved global functionality. #Update #Crypto $ETH (+3) ↗
Bloomberg Intelligence’s Mike McGlone warns gold’s strong 2024 performance could signal bearish trends for $BTC and risk assets, highlighting investor preference for safe havens amid macroeconomic concerns. Bitcoin must maintain above $100,000 to sustain its uptrend. #Update #Crypto $BTC (-3) ↘
UBS predicts a gold rally in 2025 driven by central bank demand and economic uncertainty, despite potential rate cuts and a strong dollar. • #Update • #Commodities • @UBS • (+4) • ↗
$BTG surges 140% in 24 hours, driven by South Korea’s Upbit activity, despite an impending delisting deadline. • #Update • #Crypto • $BTG • (+4) • ↗
$BTC outperformed gold and major indices in 2024, doubling its price to trade between $95k-$97k despite volatility; Trump’s election win contributed to favorable conditions. • #Update • #Crypto • $BTC • (+4) • ↗
Gold-based ETFs saw outflows for the fourth year as investors moved to more profitable assets, with a 2.5% decline despite rising gold prices and Fed easing, reports @Bloomberg. • #Update • #ETF • @Bloomberg • (+3)
Jan Nieuwenhuijs highlights the People’s Bank of China’s covert gold accumulation, estimating over 100 tonnes via unreported London imports in Q4 2024. #Update #Gold @PBOC ↗ (+3)
@GalaxyResearch predicts $BTC to surpass $150,000 in 2025, potentially reaching $185,000 in Q4, with market cap hitting 20% of gold’s. #Update #Crypto @GalaxyResearch ↗ (+3)
ProShares files Bitcoin-hedged ETFs, covering S&P 500, Nasdaq 100, and Gold, investing 80% in convertible bonds, aiming to hedge USD exposure with BTC futures. #Update #ETF @ProShares ↗ (+4)
New ETFs from @BloombergIntelligence offer access to $BTC, Gold, $ETH, and MicroStrategy. Tidal Investments and Quantify Chaos Advisors propose a Bitcoin-Gold ETF to reduce market swings. #Investing #CryptoNews
Gold prices reached a record-breaking $2,450 per ounce, driven by geopolitical tensions and expectations of a dovish Federal Reserve stance, marking a historic high and emphasizing gold’s role as a premier asset in uncertain times.
Michael Burry’s Scion Asset Management has notably invested $10 million in physical gold by purchasing over 440,000 units of the Sprott Physical Gold Trust during the first quarter, spotlighting a strategic move towards tangible assets amid economic uncertainties.
