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Bitcoin News Roundup for June 5, 2020
It's bulls on parade as analysts see upward momentum for bitcoin. Here's CoinDesk's Markets Daily Podcast.
Updated Sep 14, 2021, 8:48 a.m. Published Jun 5, 2020, 5:43 p.m.
It's bulls on parade as analysts see upward momentum for bitcoin. Here's CoinDesk's Markets Daily Podcast.
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This episode is sponsored by Bitstamp and Ciphertrace
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MakerDAO Weighs Accepting Real-World Assets as Crypto Loan Collateral
New York, French Finance Watchdogs Open Doors for Each Other's Fintech Startups
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Gold, silver shine in debasement trade as bitcoin is left behind
JPMorgan analysts in October said investors betting on currency devaluation would lift precious metals and bitcoin, but only one of those trades has worked.
What to know:
- Bitcoin's price dropped 30% from its October record while gold and sliver rally.
- Analysts suggest bitcoin's weakness is linked to its association with risky assets and structural selling by long-term holders.
- Historical trends indicate BTC could rally after gold's peak, with a potential catch-up expected in 2026.
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