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Bitcoin (BTC), the world’s largest cryptocurrency, hit an all-time high (ATH) of $123,091 on July 14. Similarly to its digital counterpart, gold has also experienced a significant surge, having gone up 35% in the past year with the potential to hit its own record price of $3,600 per ounce in H2 2025. Thanks to the upward momentum, Bitcoin now has a market cap of around $2.36 trillion, while the precious metal has a market cap of approximately $22.57 trillion.  That is, Bitcoin is now worth 10% of gold’s market cap, being the sixth largest asset by the same metric, based on the data available on Companies Market Cap. To put things into perspective, the coin has overtaken silver, which now occupies the eighth spot, just below Alphabet (NASDAQ: GOOGL). Top assets by market cap. Source: Companies Market Cap  Will Bitcoin surpass gold? As both assets make substantial gains, the market is asking whether Bitcoin might surpass gold. At the time of writi...

The de-dollarization wave is now gaining rapid momentum, with central banks exploring ways to diversify their holdings beyond the US dollar. A new Reuters report confirms a stark reality of the dollar’s allure waning within the global banks as de-dollarization takes hold. In addition to this, global banks have now begun to eye other lucrative assets, such as the Chinese yuan, gold, and the euro, to back their reserves, thereby keeping the dollar at bay. Also Read: HSBC Sees Euro at 1.20 as De-Dollarization Accelerates Banks Want More Gold, Not the Dollar. Source: Watcher Guru According to a new report by the Official Monetary and Financial Institutions Forum (OMFIF), banks managing trillions worth of reserves have now started to ditch the dollar. The report further adds how one in three of such banks may accelerate their exposure to gold in the coming years, a change that is rapidly gaining momentum in the sector today. “After years of record-high central bank gold purchases, reserve m...

Sweden’s Member of Parliament Rickard Nordin wrote a letter to Minister of Finance Elisabeth Svantesson to consider including Bitcoin in the foreign reserves. Nordin proposed funding BTC in reserves through seized cryptocurrencies by the police and customs authorities. The letter also addresses the Finance Minister to consider normalizing Bitcoin in the US and UAE, among other nations. The MP compared Bitcoin to gold explaining that BTC will come in handy during economic uncertainties. “Its monetary properties are comparable to those of gold . Especially in a time of increasing geopolitical and economic uncertainty,” he wrote. Also Read: Nike (NKE) Stock Down 69 From ATH%: Buy The Dip? In addition, Nordin highlighted the importance of Bitcoin as a payment option in Sweden if rouge regimes come into power. “It is also an important way for freedom fighters to handle payments when under the oppression of authoritarian regimes,” he wrote. Bitcoin is the only digital asset that cann...

While many of his X posts and other business activities have been controversial, the success of Robert Kiyosaki’s investment portfolio in 2024 is impossible to dispute as it appreciated 62.38% within the 12 months..  In 2025, however, some of the ‘ Rich Dad Poor Dad’ author’s top picks have been trading either lower or mostly sideways, and Finbold decided to examine if the Kiyosaki cryptocurrency and commodity-focused strategy continued working through the just-ended first quarter (Q1). Here’s how much investing in BTC, gold, and silver in Q1 would return While his holdings extend beyond the big three – Bitcoin (BTC), gold, and silver – for most of his followers, these are the assets that first come to mind when Kiyosaki’s name is mentioned. Picks for you AI predicts Bitcoin price for April 30, 2025 ...

Russia has long been trying to break the traditional market chains by leading the global financial regimes at its own pace. However, with the US sanctioning Russia and removing it from the SWIFT system, the country has since then found lucrative methods to stabilize its economy, including utilizing diversification of assets to strengthen its reserves. Here’s how much gold Russia holds at present that has led the nation to earn the label of a country hoarding the maximum amount of precious metal in its reserve. Also Read: 2 Things To Expect From Donald Trump’s Digital Asset Rendezvous On March 20 How Much Gold Does Russia Have? Source: Watcher Guru Russia is one of the leading gold holders in the world, with its reserves valued at $217.4 billion as of March 1st, 2025. The nation has diversified away from the dollar into gold, which now comprises 34.4% of the nation’s total foreign reserve. “Russia has expanded its gold reserves to a record high, reaching $217.4 billion as of ...

Billionaire Bridgewater Associates founder Ray Dalio says that he prefers “hard money” such as Bitcoin and gold over debt assets as indebtedness continues to impact major economies. “I want to steer away from debt assets like bonds and debt, and have some hard money like gold and Bitcoin,” he said in a speech during the Abu Dhabi Finance Week. Ray Dalio Says Indebtedness Is Increasing At “Unprecedented Levels” The billionaire investor noted that debt in all major economies except Germany is increasing at “unprecedented levels.” He subsequently claimed that “it is impossible for these countries to be able to not have a debt crisis in the years ahead,” which he said will “lead to a great decline” in the value of money. Data from US Debt Clock shows that the total national debt for the US stands at over $36.12 trillion. This is around $107,013 of debt per citizen and $271,790 debt per US tax payer. BREAKING: Tot...

Michael Saylor, an active BTC proponent, is once again echoing calls to buy Bitcoin. In one of Saylor’s recent interviews, the former CEO of Microstrategy was noted giving a new, compelling Analysis on why the United States should dump its gold and invest in Bitcoin, a move that would help America become the new superpower in all sorts of ways and mannerisms. Also Read: Ripple: New Price Analysis Claims XRP To Hit $8, Here’s How? A New Financial Anatomical Structure To Emerge? Source – CryptoSlate Michael Saylor is an ardent Bitcoin enthusiast. He is known exclusively for his firm adoration for BTC, and he leaves no stone unturned to promote Bitcoin proceedings on the global front. Saylor was recently documented stating Bitcoin facts in a new interview, commenting on how the era of Trump presidency is transformative for the domain of Bitcoin. The former CEO of Microstrategy was quick to suggest how the US must dump their gold to invest in BTC, due to the array of benefits the cr...

Inspired by the BRICS de-dollarization agenda, Zimbabwe launched a new gold-backed currency, the ZIG, early this year to take on the US dollar. The gold-backed currency was launched in April 2024 to reduce the circulation of the US dollar in the country. Surprisingly, ZIG is gaining steam across Zimbabwe and 40% of payments are being initiated in the new currency by citizens. Also Read: More Than 50 Countries Could Accept BRICS Payment System While 40% of payments are being settled by citizens, the government settles 80% of transactions in the gold-backed ZIG. This comes from the playbook of BRICS where the alliance aims to make the US dollar a secondary currency. The bloc convinces developing nations to use local currencies to strengthen their economies. Also Read: 47 Countries Ready To Join the BRICS Alliance BRICS: Gold-Backed ZIG Currency Grows in Zimbabwe, Only 60% Transactions Settled in US Dollar Source: news.bitcoin.com ZIG has eaten up 40% of all transactions leaving the US do...

The US dollar dynamics have largely improved as USD gained considerable strength in the forex market today. At press time, the US dollar is boldly sitting at a positive price number, up by 0.30% at 105.71. The change in the US dollar metrics has primarily been documented due to the fresh release of the nonfarm payroll data report. The positive US job data metrics further bolstered USD’s prospects, helping it gain considerable market momentum. However, the robust US dollar metrics have taken a toll on GOLD prices, leading them to document a noteworthy price fall. Also Read: Central Banks Piles Up Gold (XAU), Challenging The US Dollar’s Domain Why Is the Dollar Up Today? Image Source: WatcherGuru At press time, the US dollar increased by nearly 0.30%, trading at the 105.71 price mark. Furthermore, the ten-year US yields have also risen by 4.3%, smoothing the path for the US dollar to ascend to new highs. The positive US dollar metrics have largely been docu...

Gold prices are skyrocketing in the charts this year in 2024 and touched a new high of $2,254 on Tuesday. The precious metal is delivering massive returns to investors who took an entry position early this year. The XAU/USD GOLD spot index dipped minimally in 2024 and remained in the green for the majority of trading days. Also Read: After BRICS, 3 New Countries Ready To Launch Own Currency Source: Investing.com The commodity is strengthening in the indices as gold prices are printing new highs every month. The leading commodity is attracting heavy bullish sentiments as the US dollar remains on a slippery slope due to conflicts. A dip in the US dollar pushes gold prices ahead and the conflicts in the Middle East and Russia and Ukraine might send gold to end 2024 on a high. Also Read: 3 U.S. Sectors To Be Affected If BRICS Ditches the Dollar Gold Prices Predicted To Reach A New High of $3,000, A surge of 35% Source: Finbold Senior commodity strategist Mike McGlone ...

Once primed for its supremacy and dominance, the US dollar is now standing on a pedestal where its hegemony is being questioned. With the rise of GOLD and crypto currency , sectoral dominance is weakening the US dollar’s stance. Several factors are at play that are hampering the US dollar’s collective authority.  With the rise of BRICS and the multipolar currency concept, the dollar is now encountering conflictive elements gnawing from all sides.  Also Read: Gold Attracts ‘Strong Buy’ Call: Forecast Suggests Price To Hit $2,700 Rise of Gold and Crypto: What Does This Mean for the Dollar? Source: Finbold Gold prices are breaking a new price threshold. The weak US data, followed by the anticipation of potential interest rate cuts, are bolstering the price of GOLD .  Gold is breaking out again. $2160. #Gold is giving a warning but still way ahead — EGRAG CRYPTO (@egragcrypto) March 7, 2024 Per Middle East Economy, “spot GOLD saw an increase o...

BRICS member China is entering Western territory and buying GOLD exploration companies with hard cash worth millions. China’s Yintai Gold firm struck a sale deal with Canada ’s GOLD exploration company Osino for CAD 368 million, which is equivalent to $272 million. China will completely buy the Canadian GOLD exploration firm by paying hard cash worth $272.53 million. Also Read: BRICS Begins Creation of New Digital Payment Platform Before selling the company to China’s Yintai Gold, Osino will end its CAD 287 million deal with Canadian gold miner Dundee Precious Metals. The talks began in December last year between China’s Yintai and Canada’s Osino. The Chinese firm Yintai will also pay a $10 million termination fee for the deal. The development shows that BRICS country China is acquiring promising companies in the West like it did in Africa and other developing countries. BRICS: After Buying Companies in Africa, China Eyes Canada’s Gold ...

The Spot Gold Prices for the US dollar climbed above the $2,000 level this month and are gearing up to hit $2,100 next. The XAU/USD Gold Prices are now hovering around the $2,034 mark amid the softening of the US dollar. The Federal Reserve is looking to pause interest rate hikes and Gold Prices are benefiting from the development. Low interest rates weaken the US dollar making Gold Prices cheaper for institutional financial establishments. Also Read: BRICS: China Aggressively Dumps US Dollars For 3 Days Straight Source: Investing.com However, one should not expect gold prices to stop at $2,000 levels due to the development. The precious metal is attracting bullish sentiments worldwide and could sustainably scale up in price. The conflict in the Middle East between Israel and Palestine is also helping gold prices to shoot up in the charts. Gold: Analyst Predicts a 50% Rise in Prices Next Source: Watcher Guru Senior Bloomberg commodity strategist Mike McGlone made a hug...