Gold, Stocks, and Bitcoin: Weekly Overview — July 22 – BeInCrypto

This week’s price movements for Bitcoin (BTC), gold, and our stock picks Mastercard and BNY Mellon.
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Bitcoin (BTC) has continued its tumultuous swing through the $30,000 range throughout the month of July. However, the trend has overall been a downward one.

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Central Bankers Skeptical of Cryptos Chances of Overthrowing Gold – BeInCrypto

Central bankers are skeptical that Bitcoin or other cryptocurrencies could take the place of gold in their foreign currency reserves.
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Roughly 85% of reserve managers say they do not expect that cryptocurrencies will replace gold in their foreign currency reserves.

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Elrond to Launch Gold and Silver Backed DeFi – BeInCrypto

High-throughput blockchain platform Elrond is delving deeper into decentralized finance with its latest offering which will tokenize precious metals.
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Elrond has gone into partnership with U.K.

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Gold, Stocks, and Bitcoin: Weekly Overview — July 1 – BeInCrypto

This week’s price movements for Bitcoin (BTC), gold, and our stock picks Alibaba and NCR.
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Bitcoin (BTC) had another rocky week, but not out of the ordinary for how it’s been recently.

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Gold outshines Bitcoin in Q2 even after posting its worst month since 2016

Gold is set to outperform Bitcoin (BTC) in the second quarter of 2021.
An ounce of gold has surged from  $1,707.45 on April 1 to over $1,750 in the still-running June 30 session. That marked a roughly 3.9% jump over the quarter.

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Cryptocurrency Becoming New Gold Among India’s Younger Investors – BeInCrypto

Digital currency is becoming more and more popular in India, traditionally home to heavy metal investors. 
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Cryptocurrency investing has been taking off in India over the last year.

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‘Absolutely right’ to think of Bitcoin as the new gold — Mexico’s 3rd richest man

Bitcoin (BTC) is definitively the “new gold” for the third richest man in Mexico, Ricardo Salinas Pliego.
In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat currencies or gold.

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Bitcoin, dollar plunge while S&P 500 rallies after US inflation hits 3-decade high

Bitcoin (BTC) and the U.S. dollar fell in tandem while the S&P 500 refreshed its record high at open on Friday as the Federal Reserve’s preferred inflation indicator surged to its highest levels in almost three decades.

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