Ripple Reveals Exchanges for Stablecoin RLUSD Launch

October 16, 2024 Bitcoin.com

bitcoin.com

Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully backed by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD is positioned to enhance financial solutions while ensuring transparency and stability. Ripple Introduces RLUSD […]

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Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion

October 14, 2024 Bitcoin.com

bitcoin.com

Costco’s gold bars are flying off the shelves as record-high gold prices spark a buying frenzy across the U.S. A recent survey found that 77% of Costco stores offering gold sold out in early October. The trend reflects growing demand for gold as a hedge against inflation and economic uncertainty. Costco’s Gold Bars Are Selling […]

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Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan Africa

October 4, 2024 Bitcoin.com

Africa

Stablecoins are surging in popularity across Sub-Saharan Africa, accounting for 43% of crypto transactions compared to bitcoin’s 18.1%. This trend is driven by the instability of local currencies and limited access to US dollars. Businesses and individuals view stablecoins as a reliable way to store value and conduct international payments. Stablecoins as a Store of […]

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Rich Dad Poor Dad Author Says Bitcoin, Gold and Silver About To Explode, Sees Capital Fleeing to ‘Real Assets’

September 16, 2024 The Daily Hodl

Bitcoin

Rich Dad Poor Dad author Robert Kiyosaki says that Bitcoin (BTC), gold and silver are on the cusp of skyrocketing. In a new thread on the social media platform X, the best-selling author says that if the Federal Reserve cuts interest rates during the next Federal Open Market Committee (FOMC) meeting, the trio of assets […]

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Central banks buying gold at record levels, but Bitcoin still outperforms

September 2, 2024 Coin Telegraph

Bitcoin

Central banks bought a record 483 tonnes of gold in the first half of 2024, driving the asset to an all-time high.

Central banks across the globe have been stocking up their gold reserves at record levels this year in a pivot to store of value assets.

In a post on X on Sept. 2, macroeconomics outlet, the Kobeissi Letter reported that global net gold purchases by central banks reached 483 tonnes in the first half of 2024, the most on record.

It added that the figure is 5% higher than the previous record of 460 tonnes which was set in the first half of 2023. In Q2 2024, central banks bought 183 tonnes of gold, marking a 6% increase year-over-year.

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Anthony Scaramucci Says Bitcoin Not a Store of Value Today, Sees Wall Street ‘Selling Machine’ Amping Up for BTC

August 25, 2024 The Daily Hodl

Anthony Scaramucci

The founder of investment firm SkyBridge Capital says that Bitcoin (BTC) is not yet a store of value today but envisions Wall Street’s “selling machine” eventually promoting the crypto king. In a new interview on CNBC Squawk Box, Anthony Scaramucci says that it’s too early to brand the top crypto asset by market cap as […]

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Bitcoin will protect the wealth that AI creates: Pompliano

June 25, 2024 Coin Telegraph

AI Machines

AI machines will need to use and store their wealth somewhere, and Bitcoin is the logical choice for that, Anthony Pompliano says.

Bitcoin (BTC) will be the preferred asset to secure wealth created from AI over the next decade, says Bitcoin bull and venture capitalist Anthony Pompliano.

“We are going into this automated world where AI is going to create enormous amounts of wealth, and Bitcoin is going to protect that wealth,” the Pomp Investments founder explained to CNBC in a June 24 interview.

Pompliano dismissed the idea that AI has come in and replaced Bitcoin and the broader cryptocurrency industry as the new hot tech trend, explaining that the two technologies will instead work in tandem over the next 10-years.

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Fidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value Team

June 18, 2024 Bitcoin.com

Bitcoin

Fidelity Investments’ Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily by the growth in its network, which is in turn driven by bitcoin’s unique scarcity feature, as well as the monetary and fiscal policy cycle, […]

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Mexican Billionaire Ricardo Salinas Doubles Down on Bitcoin, Advises Using It as Inflation Hedge

June 10, 2024 Bitcoin.com

Bitcoin (BTC)

Ricardo Salinas, the third wealthiest man in Mexico, has recently doubled down on his proposal to use Bitcoin as a reserve asset. On social media, Salinas defended the role of Bitcoin as an inflation hedge, commenting on a post that presented inflation as a hidden tax on fiat money and advised his followers to purchase […]

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39% of Canada’s institutional investors have exposure to crypto: KPMG

April 25, 2024 Coin Telegraph

Big Four accounting firm

KPMG Canada partner Kunal Bhasin says rising debt and increasing inflation have likely attracted institutional investors into crypto.

Canada-based institutional investors significantly increased their crypto exposure last year compared to the last bull run, a survey from accounting firm KPMG has revealed.

Nearly 40% of institutional investors reported having direct or indirect exposure to crypto assets in 2023 — up from 31% in KPMG’s 2021 study, the company according to an April 24 report.

KPMG received 65 responses, 31 of which identified as institutional investors with most managing more than $500 million in assets, while the remaining 34 were financial services organizations.

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