Gold
Gold Arrives on 'Digital Gold' as Bitcoin Gets Tokenized Version of the Metal
Bitcoin, the cryptocurrency, is often referred to as "digital gold," but now it is possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol – essentially encoding ownership of the yellow metal into an NFT.
Bitcoin Wavers at $62K Amid Major Swings in Stocks, Gold; Memecoins Falter as Profit-Taking Sets In
Traditional risk assets like stocks surged while gold and oil tumbled, but cryptos didn't get the memo.
Bitcoin Up 40% YTD But Underperforms Gold When Adjusted for Risk
Bitcoin has risen over 40% this year but the price surge doesn't compensate for the price volatility risks, according to a chart by Goldman Sachs. Bitcoin's year-to-date return to volatility ratio is under 2%, significantly lower than gold's industry-leading risk-adjusted return of around 3%. CoinDesk's Christine Lee presents the "Chart of the Day."
Bitcoin Price Up 40% YTD, but Gold Wins on Risk-Adjusted Returns
Gold has a significantly higher volatility ratio than bitcoin in 2024, according to analysis by Goldman Sachs.
Bitcoin, Gold Could Benefit From Rising Geopolitical Tension and U.S. Election: JPMorgan
Geopolitical risk and the upcoming U.S. election are likely to reinforce the 'debasement trade,' to the benefit of both bitcoin and gold, the report said.
Bitcoin’s Poor Start to Bullish October Continues, but There May Be Cheer Ahead for Bulls
Most gains for bitcoin come in the latter part of the month.
Tokenization Allows More Efficient Collateral Transfers, Digital Asset, Euroclear and World Gold Council Found in Pilot Project
The initiative created digital versions of gilts, eurobonds and gold on the Canton Network to test complex financial transactions on blockchain rails.
Bitcoin Crumbles to $60K, Giving Up Most Post-Fed Rate Cut Gains
The S&P 500 and the Nasdaq also fell on a report that Iran was preparing an imminent missile attack on Israel.
Bitcoin Breaks $64K While Gold Soars
Bitcoin has surged 7% in the past five days, breaking through $64,000 for the first time since Aug. 26. In the meantime, gold has reached all-time highs on over 30 occasions this year, topping $2,600 an ounce. Why are the two assets outperforming? CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
Bitcoin, Gold May Be Sensing Monetary Debasement as Records Beckon
With both assets leading the market, here's a closer look at the factors driving their remarkable performance.
