CRYPTO

Proponents of gold and bitcoin often hail from the same ideological background: Austrian economists, dollar bears, Libertarians tired of State manipulation of fiat currencies and, generally, the anti-Fed crowd. Yet shared principles have not eased the age-old rivalry between the two assets.

Relative to Bitcoin, gold lost considerable value last year, only to rebound somewhat in the last month amid a flood of Chinese institutional and retail buying. However, as Benjamin Graham said: “In (more…)

Authored by Mark E. Jeftovic via bombthrower.com,

Nor will it change anything over the long haul…

We’ve always said that the rise of Bitcoin and non-state fintech was a monetary regime change, and that it would be naive to expect the entrenched “powers that be” and incumbent establishment to go down without a fight.

After all, the Cantillionaire class has had monopoly control over a magic lever that surreptitiously transferred everybody else’s wealth to (more…)

Despite the lack of total carnage in spot bitcoin prices, yesterday was an ugly (nay the ugliest) day for the newly minted ETFs (although bitcoin is down over 10% this week).

Most notably, BlackRock’s ETF saw around $37 million in outflows for the first time, while the remaining spot Bitcoin ETFs collectively notched over $526.8 million in outflows.

The largest outflow for the day was the Fidelity Wise Origin Bitcoin Fund, which saw $191.1 million in net (more…)