(Kitco News) - With cryptocurrencies and equities continuing to push to new all-time highs while gold still lags, many investors are wondering if and when a rotation will happen away from risk assets into safe haven assets.

Lyn Alden, founder of Lyn Alden Investment Strategy compares the valuation metrics of gold, cryptocurrencies, and equities, and evaluates which of these, in her opinion, has "never been more expensive."

"By most metrics, equities are more overvalued than other asset classes," Alden told David Lin, anchor for Kitco News.

Alden cited several indicators that point to overvaluation in the stock markets.

"Over the past year, we've had a record high market capitaliza ... Read more »

Category: News | Views: 189 | Added by: danyagames2007 | Date: 03.05.2021 | Comments (0)

Recently launched Decentralized Exchange (DEX), Sovryn, has helped Bitcoin layer-2 platform, RSK, surpass 1,400 BTC in total value locked (TVL).

To clarify, RSK has a current TVL of 1,445 BTC, over 259,000 smart contract transactions, and almost 50,000 active users. As a result, RSK Network exceeded fellow Bitcoin-based blockchain Lighting Network for the first time. In addition, the high value of TVL is proof of the growing demand for DeFi on the Bitcoin network.

Although the lion’s share of DeFi is on the Ethereum network, the emergence of BTC-based smart contract platforms provides needed diversification to the growing DeFi field.

Sourse: investing.com

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Category: News | Views: 153 | Added by: danyagames2007 | Date: 03.05.2021 | Comments (0)

Despite commanding a market capitalization of over $2 trillion, Apple (NASDAQ: AAPL) trails bitcoin in trading volume highlighting the impact of the asset’s current sustained rally. The comparison shows how bitcoin is performing compared to Apple, the biggest company in the world by market capitalization.

Data acquired and calculated by Finbold indicates that bitcoin’s trading volume of $1.84 trillion in April 2021 is at least 7.4 times higher compared to Apple’s $249.22 billion. Bitcoin’s highest trading volume was $86.67 billion on April 23, while Apple’s was on April 29 at $20.17 billion. 

Elsewhere, Apple also lags behind bitcoin in the 30-day average trading volume by at least 5.1 time ... Read more »

Category: News | Views: 173 | Added by: danyagames2007 | Date: 03.05.2021 | Comments (0)

Charlie Munger, a leading American investor and the Vice Chairman of Warren Buffett’s Berkshire Hathaway, called Bitcoin ‘disgusting’ in a recent statement.

Speaking to the Annual Shareholders meeting of Berkshire Hathaway, Munger said that someone has created Bitcoin out of thin air. He also criticized BTC’s extreme volatility and the lack of regulation.

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The world’s largest cryptocurrency gained nearly 5% in the last 24 hours. As of writing, Bitcoin is trading above $58,000 with a market cap of more than $1.1 trillion.

“I hate the Bitcoin success. I don’t welcome a currency that&rsquo ... Read more »

Category: News | Views: 244 | Added by: danyagames2007 | Date: 03.05.2021 | Comments (0)

Joe Biden’s tenure as the US president has been marked with financially intensive projects like the stimulus checks given to members of the public to cushion the harsh effects of the Covid-19 pandemic. It seems he isn’t resting on his oars, as he recently unveiled plans to inject 1.8 trillion into the economy targeted at children, families and the educational sector.

Bitcoin and other cryptocurrencies could potentially reap the rewards from such a move as it has done in times past. With the market capitalization hovering at just over $2 trillion, this latest cash inflow could trickle into the ecosystem and send coins on a bullish run.

Biden Knows How to Spend Money

President Biden has earned himself a reputation for spending funds on highly ambitious projects which have endeared him to the American citizenry. A ... Read more »

Category: News | Views: 216 | Added by: danyagames2007 | Date: 03.05.2021 | Comments (1)

The chairman and CEO of MicroStrategy, Michael Saylor, believes that despite the chaotic slide on global bond markets at the beginning of this year, Gold failed to increase its value. Besides, people recognize that Bitcoin is replacing Gold.

He recently tweeted:

“Gold… has been on the decline since peaking in August last year. Even the chaotic slide on global bond markets in February and March this year failed to fire it up.” Observers around the world are realizing that #Bitcoin is replacing #Gold“.
Worth noting that Michael Saylor and his M...

Sourse: investing.com

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Category: News | Views: 139 | Added by: danyagames2007 | Date: 03.05.2021 | Comments (0)

Bitcoin, the crypto king, is trying to maintain its upward momentum. Over the weekend, we did not see any major move in the Bitcoin price as the price did nothing more than consolidation. All eyes have been on Ethereum as it crossed above the 3K price level and it is highly likely that ETH prices could reach the 5K price level.

In terms of technical analysis, Bitcoin price posted its first weekly gains after two consecutive weeks of losses and this shows that perhaps the sell-off may be over for the crypto king and the price may be ready to resume its bullish trend. Of course, the most important resistance level for the Bitcoin price is the 60K, a level where we have seen plenty of battles between bulls and bears. After this psychological resistance level, traders will be focused on all-time high and their efforts will be devoted to break ... Read more »

Category: News | Views: 185 | Added by: danyagames2007 | Date: 03.05.2021 | Comments (0)