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BRICS Gold-Backed Digital Currency Could Reshape Global Trade and Shake the Dollar

BRICS Gold-Backed Digital Currency Could Reshape Global Trade and Shake the DollarA gold-backed digital currency from BRICS could reshape global trade by lowering transaction costs and reducing exchange rate volatility, challenging the U.S. dollar’s dominance. Brics Gold-Backed Digital Currency Could Shift Global Trade Dynamics BRICS nations have shown interest in the possibility of developing a gold-backed digital currency as part of efforts to reduce reliance on […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

BRICS Gold-Backed Digital Currency Could Reshape Global Trade and Shake the Dollar

BRICS Gold-Backed Digital Currency Could Reshape Global Trade and Shake the DollarA gold-backed digital currency from BRICS could reshape global trade by lowering transaction costs and reducing exchange rate volatility, challenging the U.S. dollar’s dominance. Brics Gold-Backed Digital Currency Could Shift Global Trade Dynamics BRICS nations have shown interest in the possibility of developing a gold-backed digital currency as part of efforts to reduce reliance on […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Bitcoin ETFs flip gold funds in AUM: K33 Research

On Dec. 16, US spot and derivative Bitcoin ETFs collectively broke $129 billion in net assets, surpassing gold ETFs for the first time.

Net assets in United States Bitcoin (BTC) exchange-traded funds (ETFs) surpassed those in gold funds for the first time on Dec. 16 as institutional asset managers clamor for the cryptocurrency, according to data from K33 Research.

On Dec. 16, US BTC ETFs collectively broke $129 billion in assets under management (AUM), surpassing US gold ETFs, which held an amount just shy of that figure, according to a Dec. 17 post on the X platform by Vetle Lund, K33 Research’s head of research. 

K33 Research is a digital asset researcher based in Norway.

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Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Gold and Silver vs. Biden’s ‘Inflation Nightmare’: Florida’s CFO Reveals Bold Plan to Counter CBDC Threats

Gold and Silver vs. Biden’s ‘Inflation Nightmare’: Florida’s CFO Reveals Bold Plan to Counter CBDC ThreatsFlorida’s Chief Financial Officer (CFO) Jimmy Patronis has announced an ambitious initiative to assess the viability of using gold and silver bullion as legal tender in the Sunshine State. Florida’s Golden Shield: Fighting Inflation and CBDCs With Precious Metals According to the state’s CFO, Jimmy Patronis, the study, led by the Florida Department of Financial […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Ray Dalio Says He’d Rather Have ‘Hard Money Like Gold and Bitcoin’ Amid ’Pending Debt Money Problem’: Report

Ray Dalio Says He’d Rather Have ‘Hard Money Like Gold and Bitcoin’ Amid ’Pending Debt Money Problem’: Report

Billionaire investor Ray Dalio thinks macroeconomic trends make gold and Bitcoin (BTC) attractive investment options right now. In a speech in the United Arab Emirates this week, the Bridgewater Associates founder pointed to debt levels in the US, China and all other major economies except for Germany, the South China Morning Post (SCMP) reports. “It […]

The post Ray Dalio Says He’d Rather Have ‘Hard Money Like Gold and Bitcoin’ Amid ’Pending Debt Money Problem’: Report appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Treasury Department Says Bitcoin (BTC) Being Used As ‘Digital Gold,’ Touts Benefits of Tokenization

Treasury Department Says Bitcoin (BTC) Being Used As ‘Digital Gold,’ Touts Benefits of Tokenization

The U.S. Treasury Department is acknowledging the benefits of asset tokenization and comparing Bitcoin (BTC) to gold. In a new report, the Treasury Department calls the top crypto by market cap a store-of-value asset boosted by speculators. “The use case of digital assets continues to evolve, but interest has proceeded along two main tracks. Primary […]

The post Treasury Department Says Bitcoin (BTC) Being Used As ‘Digital Gold,’ Touts Benefits of Tokenization appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

‘Buying the top forever’ — MicroStrategy bags 21.5K Bitcoin at peak prices

MicroStrategy keeps stacking Bitcoin despite BTC hitting all-time high prices, with its co-founder Michael Saylor confident that his company will still buy it at $1 million per coin.

MicroStrategy, one of the largest corporate holders of Bitcoin, continues stacking BTC despite the cryptocurrency surging to new all-time high prices above $100,000.

MicroStrategy acquired 21,550 BTC for $2.1 billion from Dec. 2–8 at an average price of $98,783 per BTC, the company officially announced on Dec. 9.

As of Dec. 8, MicroStrategy held a total of 423,650 BTC acquired for $25.6 billion at $60,324 per BTC, MicroStrategy co-founder and former CEO Michael Saylor said in a statement on X.

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Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

The US Should Sell Its Gold and Acquire Bitcoin (BTC), Says MicroStrategy’s Michael Saylor – Here’s Why

The US Should Sell Its Gold and Acquire Bitcoin (BTC), Says MicroStrategy’s Michael Saylor – Here’s Why

MicroStrategy co-founder Michael Saylor says the US should offload all its gold and accumulate Bitcoin (BTC) as part of a new strategy to cement the country’s global financial dominance. In a new interview on Yahoo! Finance, Saylor says Bitcoin is emerging as the “world’s reserve capital network.” “People are realizing that Bitcoin is better than […]

The post The US Should Sell Its Gold and Acquire Bitcoin (BTC), Says MicroStrategy’s Michael Saylor – Here’s Why appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

Russian Oil Chief Warns Gold Will Be US Dollar’s Biggest Rival

Russian Oil Chief Warns Gold Will Be US Dollar’s Biggest RivalGold is emerging as a rival to the U.S. dollar in global trade, with sanctions driving change, according to a top Russian energy executive. Gold vs Dollar: The Ancient Rival Poised to Rewrite Global Settlements Igor Sechin, CEO of Rosneft, Russia’s largest state-owned oil company, highlighted the growing potential of gold as a rival to […]

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy

One Catalyst Could Trigger Bitcoin Explosion to $1,000,000, Says CryptoQuant CEO

One Catalyst Could Trigger Bitcoin Explosion to ,000,000, Says CryptoQuant CEO

The chief executive of crypto intelligence firm CryptoQuant is identifying one catalyst that could send Bitcoin (BTC) to a $1 million price tag. In a new thread on the social media platform X, Ki Young Ju says that by the time the top crypto asset by market cap reaches $1 million, it will have overtaken […]

The post One Catalyst Could Trigger Bitcoin Explosion to $1,000,000, Says CryptoQuant CEO appeared first on The Daily Hodl.

Former Binance.US CEO Brian Brooks takes board seat at MicroStrategy