In an episode of the “All-in-podcast” released Wednesday, Billionaire investor and former Facebook executive Chamath Palihapitiya expressed some very bold views and predictions on payment companies Visa and MasterCard.
The post Chamath Palihapitiya: Visa and MasterCard biggest business losers for 2022 appeared first on CryptoSlate.
Key Takeaways CEO of IOG, Charles Hoskinson reveals Cardano is dedicating the next 6 to 9 months to perfect DApps. He touted Cardano’s eUTXO model as the best smart contracts framework for security and functionality. Cardano is going to spend the next six to 9 months of 2022 perfecting its decentralized applications (DApps) ecosystem according […]
Buy, Sell, Trade Cocos-BCX in the INR and USDT market of WazirX.
The post COCOS/INR trading on WazirX appeared first on WazirX Blog.
Key Takeaways CEO of IOG, Charles Hoskinson reveals Cardano is dedicating the next 6 to 9 months to perfect DApps. He touted Cardano’s eUTXO model as the best smart contracts framework for security and functionality. Cardano is going to spend the next six to 9 months of 2022 perfecting its decentralized applications (DApps) ecosystem according […]
The post Cardano To Kickoff 2022 Perfecting Its DApps Ecosystem With Paramount Developments, Charles Hoskinson Reveals What To Expect appeared first on CoinRegWatch.
Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015.
Bitcoin (BTC), the world’s most-valued cryptocurrency, has replaced gold as an inflation hedge for young investors, according to Wharton’s finance professor.
Gold’s performance was “disappointing” in 2021, Wharton School’s finance professor Jeremy Siegel said in a CNBC Squawk Box last Friday.
On the other hand, BTC has been increasingly emerging as an inflation hedge among younger investors, Siegel argued:
“Let’s face the fact, I think Bitcoin as an inflation hedge in the minds of many of the younger investors has replaced gold. Digital coins are the new gold for the millennials. I think that the story of gold is a fact that the young generation is regarding Bitcoin as the substitute.”
Siegel has also reminded that older generations witnessed how gold soared during the inflation of the 1970s. “This time, it is not in favor,” he added.
Gold, which traditionally emerged as an asset class providing a hedge against inflation, failed to meet investors’ expectations in 2021, recording its worst year since 2015 and dropping around 5% to close the year at $1,800. Despite massive price fluctuations over the course of 2021, BTC surged around 70% over a year by the end of 2021.
Related: More billionaires turning to crypto on fiat inflation fears
Several prominent global investors supported BTC over gold in 2021, with Dallas Mavericks owner Mark Cuban arguing that Bitcoin was “better than gold” in October 2021. Starwood Capital Group co-founder Barry Sternlicht also said that gold was actually “worthless,” and he is holding BTC because every government was printing massive amounts of money.
But despite BTC becoming an increasingly popular asset against gold, many financial and crypto experts believe that it is yet to prove inflation hedge status.
The post Bitcoin is new gold for millennials, Wharton’s finance professor says appeared first on CoinRegWatch.
On January 3 2022, cryptocurrency enthusiasts worldwide marked the 13th anniversary of the Bitcoin genesis block, which was mined at roughly 18:15:05 UTC on January 3, 2009.
The post Celebrating 13 years of Bitcoin’s Genesis block appeared first on WazirX Blog.
