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Financial Times issues ’apology’ to Bitcoiners after 13 years of criticism

The apology was wrapped in a “sorry, not sorry” tone as FT Alphaville’s city editor said the firm still stands by “every single one of those posts.”

FT Alphaville — a daily news commentary service created by the Financial Times — has been slammed on X after issuing a spiteful apology to Bitcoiners as the asset soared to $100,000 on Dec. 5.

The op-ed — published on the same day — was seen as a tongue-in-cheek apology to those who chose not to invest in Bitcoin (BTC) since FT’s first article on June 6, 2011, when Bitcoin was trading at $15.90.

”We’re sorry if at any moment in the past 14 years you chose based on our coverage not to buy a thing whose number has gone up. It’s nice when your number goes up,” said Bryce Elder, city editor of FT’s op-ed section, Alphaville.

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Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell

US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar.

United States Federal Reserve Chair Jerome Powell has reiterated his view that Bitcoin is a direct competitor to gold and isn’t a threat to the US dollar.

“People use Bitcoin as a speculative asset. It’s just like gold, only it’s virtual, it’s digital,” Powell said at The New York Times-hosted DealBook Summit in New York on Dec. 4.

The Federal Reserve Chair has made these comments before, comparing Bitcoin (BTC) to gold during an event hosted by the Bank for International Settlements in March 2021 when Bitcoin was trading at just $58,200.

Cryptocurrencies like Bitcoin are highly speculative, and “they’re not backed by anything,” Powell said at the time.

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Ripple Reveals Exchanges for Stablecoin RLUSD Launch

Ripple Reveals Exchanges for Stablecoin RLUSD LaunchRipple 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 […]

Best Wallet Completes Multi-Chain Upgrade – Best App to Buy Bitcoin in 2025?

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

Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for BullionCostco’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 […]

Best Wallet Completes Multi-Chain Upgrade – Best App to Buy Bitcoin in 2025?

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

Inflation, Dollar Shortage Fuel Stablecoin Use in Sub-Saharan AfricaStablecoins 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 […]

Best Wallet Completes Multi-Chain Upgrade – Best App to Buy Bitcoin in 2025?

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

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

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 […]

The post Rich Dad Poor Dad Author Says Bitcoin, Gold and Silver About To Explode, Sees Capital Fleeing to ‘Real Assets’ appeared first on The Daily Hodl.

Best Wallet Completes Multi-Chain Upgrade – Best App to Buy Bitcoin in 2025?

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

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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Best Wallet Completes Multi-Chain Upgrade – Best App to Buy Bitcoin in 2025?

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

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

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 […]

The post Anthony Scaramucci Says Bitcoin Not a Store of Value Today, Sees Wall Street ‘Selling Machine’ Amping Up for BTC appeared first on The Daily Hodl.

Best Wallet Completes Multi-Chain Upgrade – Best App to Buy Bitcoin in 2025?

Bitcoin will protect the wealth that AI creates: Pompliano

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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Best Wallet Completes Multi-Chain Upgrade – Best App to Buy Bitcoin in 2025?

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

Fidelity’s Director of Global Macro Sees Bitcoin as ‘Exponential Gold’ on Store of Value TeamFidelity 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, […]

Best Wallet Completes Multi-Chain Upgrade – Best App to Buy Bitcoin in 2025?