• About
  • FAQ
  • Landing Page
Trade in crypto.com
Advertisement
  • Home
  • Bitcoin
  • Ethereum
  • Live coin prizes
  • DeFi
  • Exchanges
  • Calendar
  • Contact us
  • English (English)
    • Nederlands (Dutch)
    • Deutsch (German)
    • Русский (Russian)
    • Español (Spanish)
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Live coin prizes
  • DeFi
  • Exchanges
  • Calendar
  • Contact us
  • English (English)
    • Nederlands (Dutch)
    • Deutsch (German)
    • Русский (Russian)
    • Español (Spanish)
No Result
View All Result
Trade in crypto.com
No Result
View All Result

Warren Buffett steps into gold: good news for Bitcoin?

Robert (editor in chief) by Robert (editor in chief)
September 6, 2020
in Bitcoin (BTC), Cryptonews
0
Bitcoin fiat cash mining Warren Buffett Tether (USDT)
13
SHARES
101
VIEWS
Share on FacebookShare on Twitter

Super investor Warren Buffett is changing course. Will Bitcoin benefit from this?

Warren Buffett is arguably one of the most successful investors too. As every Bitcoin investor knows, he is also a stated opponent of Bitcoin (BTC). Previously, he was also not enthusiastic about gold as an investment. There he is now making a surprising move. Does this affect Bitcoin? We will outline the matter.

Table of Contents

  • How did Warren Buffett change course?
  • What does Warren Buffett’s gold rush mean for Bitcoin?
  • How are the crypto markets responding?

How did Warren Buffett change course?

Warren Buffet was always critical of investing in gold as an investment. For example, it was written in the 2011 annual report that gold is no longer worthy and there is no increasing demand for gold for industry (page 18 of the annual report ). Now the second quarter 2020 report shows that Warren Buffett has converted his investments in financial institutions (such as banks) to investments in gold.

That this was profitable was shown fairly quickly. The price of gold rose to a record high after the second quarter. Now that this announcement has become known, it is expected that many more people will go after Buffett and also invest in gold.

What does Warren Buffett’s gold rush mean for Bitcoin?

First, Warren Buffett is a stated opponent of Bitcoin (BTC) because he doesn’t understand the technique. He now shows that an opposition at one moment does not mean that he will not get in at a later moment. If Buffett ever decides to enter the crypto market, this will attract many new investors to the crypto market. However, another benefit of this step for the Bitcoin is much more concrete. Cryptobull Max Keizer aptly explains this in a Tweet.

Global $100 trillion fund management biz is less than 1% invested in Gold. With Buffett now moving into Gold expect global allocation of 5% AU min.

Implies $5,000 Gold

Expect a 1% #BTC global allocation ($1 trillion).

This implies $50,000 for Bitcoin

Expect PTJ ups to 10%

— Max Keiser (@maxkeiser) August 14, 2020

In short, he taps into the correlation between the gold price and the price of Bitcoin (BTC). Due to the increasing interest in gold, he expects that many people will also step into Bitcoin (BTC), causing the price of the BTC to rise in the short term.

How are the crypto markets responding?

At the time of writing, the crypto markets don’t seem impressed yet. The live price of the Bitcoin and the rest of the crypto coins, which you can find here 24 hours a day can follow , remains fairly neutral at the time of writing. Are you considering investing in Bitcoin yourself? Then view the site of the cheapest crypto exchange in the Netherlands , Bitvavo.

Source: Zycrypto.com

Tags: rate forecast
Share5Tweet3Share

Related Posts

Bitcoin and cryptocurrencies wrap up

Bitcoin crisis in February? No way!

by Robert (editor in chief)
March 1, 2021
0

Now February is left behind us we can look back on a volatile month. A lot of people were, especially...

Bull-Flip, bears, bulls, Bitcoin volatility

Bitcoin volatility today? 5 lessons to be learned

by Robert (editor in chief)
February 22, 2021
0

Today it was a remarkable day for Bitcoin traders. After a new all-time high the BItcoin price started to decrease....

Bitcoin Cryptocurrency exchanges

Bitcoin less volatile? Institutional investors are 1 factor

by Robert (editor in chief)
February 17, 2021
0

When investing in Bitcoin it's no surprise that the price of Bitcoin might be extremely volatile. Does the fact that...

Bitcoin and cryptocurrencies wrap up

How to trade Bitcoin in uncertain circumstances? 5 Tips

by Robert (editor in chief)
February 16, 2021
0

Earlier today we saw Bitcoin surpass $ 50.000,- for the first time in its history. This means that investors are...

Ethereum (ETH) fiat

Ethereum (ETH): watch out for the other side of the crypto coin

by Robert (editor in chief)
February 15, 2021
0

Een van de cryptomunten die de afgelopen weken koersrecord na koersrecord verbrak is Ethereum (ETH). Toch is er een aantal...

Load More
  • Trending
  • Comments
  • Latest
Trading bots cryptohopper

300.000 Trading Bots can’t be wrong… (offer inside)

February 18, 2021
Bull-Flip, bears, bulls, Bitcoin volatility

Bitcoin volatility today? 5 lessons to be learned

February 22, 2021
Ethereum (ETH) fiat

Ethereum (ETH): watch out for the other side of the crypto coin

February 15, 2021
Bitcoin and cryptocurrencies wrap up

How to trade Bitcoin in uncertain circumstances? 5 Tips

February 16, 2021
Bitcoin fiat cash mining Warren Buffett Tether (USDT)

Are Bitcoin miners drawing the price forecast?

0
Bull-Flip, bears, bulls, Bitcoin volatility

Bitcoin price is moving. Beware of the Bull-Flip

0
Bull-Flip, Bären, Bullen, Bitcoin-Volatilität

Der Bitcoin-Preis bewegt sich. Vorsicht vor dem Bull-Flip

0
Bitcoin fiat cash mining Warren Buffett Tether (USDT)

Tether (USDT) and Bitcoin (BTC) correlation explained

0
Bitcoin and cryptocurrencies wrap up

Bitcoin crisis in February? No way!

March 1, 2021
Bull-Flip, bears, bulls, Bitcoin volatility

Bitcoin volatility today? 5 lessons to be learned

February 22, 2021
Trading bots cryptohopper

300.000 Trading Bots can’t be wrong… (offer inside)

February 18, 2021
Bitcoin Cryptocurrency exchanges

Bitcoin less volatile? Institutional investors are 1 factor

February 17, 2021

If you (want to) trade in crypto, accurate information is necessary. Therefore we provide you with the latest news, inside stories, analyses and live updates.

Categories (under construction)

  • About us
  • Banken en Beleggen
  • Beveiliging
  • Bitcoin (BTC)
  • Blockchain
  • Business
  • Crypto exchanges
  • Cryptocurrencies
  • Cryptocurrencies algemeen
  • Cryptocurrency Exchanges
  • Cryptonews
  • Editor's Pick
  • Ethereum
  • Ethereum (ETH)
  • Guides
  • Overheid en Politiek
  • Partners
  • Regulations & tax
  • Ripple
  • Ripple (XRP)
  • Sparen & Beleggen
  • Statistics
  • strategies
  • Technologie
  • Uncategorized
  • Wallets

Disclaimer

Please note that our site does not provide any financial advice. The statistics and information shown are solely provided as possible source for your own research on (investing in) crypto and/or for educational/entertainment purposes. Despite our efforts to present information in a right and timely manner we will not accept any responsibility for any shortcomings in the data and/or information provided. Furthermore please that this site uses affiliate links. This means we might earn a contribution in the costs of operating this site and providing free information if you decide to click on (one of) the links issued.

Site management:

An Omnimedia Events production

Omnimedia Events

Winthontlaan 200

3526 KV Utrecht

The Netherlands

contact(@)tradeincrypto.com

  • About
  • Crypto prizes live
  • Contact us

© 2018 - 2021 Omnimedia Events

No Result
View All Result
  • Home
  • Crypto prizes live
  • Crypto exchanges
  • DeFi: Decentralized Finance
  • Crypto calendar

© 2018 - 2020 Omnimedia Events, Winthontlaan 200, 3526 KV te Utrecht.

Sign up for our free daily TradeinCrypto Update

Don't miss any news, backgrounds, analysis, guides and many more info. Subscribe for free now: 
SUBSCRIBE!
Give it a try, it's free and you can unsubscribe anytime.
Welcome to Tradeincrypto.com!
Thank you for visiting our site. For a better working site and best user experience we use cookies to enable our partners to optimize social media, advertisements and perform analysis. We kindly ask you for your acceptance of these cookies. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

  • bitcoinBitcoin(BTC)
    $48,744.00 5.31%24H
    BITCOIN
    24H : 5.31%
    Volume : $62,236,014,505.00
    Marketcap : $907,382,381,173.00
  • ethereumEthereum(ETH)
    $1,552.96 7.80%24H
    ETHEREUM
    24H : 7.80%
    Volume : $31,773,310,375.00
    Marketcap : $178,196,410,432.00
  • cardanoCardano(ADA)
    $1.21 -3.76%24H
    CARDANO
    24H : -3.76%
    Volume : $8,651,467,649.00
    Marketcap : $38,639,575,019.00
  • binancecoinBinance Coin(BNB)
    $247.95 11.56%24H
    BINANCE COIN
    24H : 11.56%
    Volume : $6,733,028,496.00
    Marketcap : $38,336,073,610.00
  • tetherTether(USDT)
    $0.998 -0.56%24H
    TETHER
    24H : -0.56%
    Volume : $104,426,916,343.00
    Marketcap : $35,369,189,062.00
  • polkadotPolkadot(DOT)
    $35.99 7.07%24H
    POLKADOT
    24H : 7.07%
    Volume : $2,768,589,467.00
    Marketcap : $34,878,071,001.00
  • rippleXRP(XRP)
    $0.434 3.22%24H
    XRP
    24H : 3.22%
    Volume : $3,687,077,229.00
    Marketcap : $19,847,817,968.00
  • chainlinkChainlink(LINK)
    $28.83 15.73%24H
    CHAINLINK
    24H : 15.73%
    Volume : $2,819,642,425.00
    Marketcap : $11,835,182,140.00
  • litecoinLitecoin(LTC)
    $172.00 4.40%24H
    LITECOIN
    24H : 4.40%
    Volume : $5,852,296,194.00
    Marketcap : $11,462,120,252.00
  • stellarStellar(XLM)
    $0.418 2.39%24H
    STELLAR
    24H : 2.39%
    Volume : $1,335,840,213.00
    Marketcap : $9,402,114,054.00
  • bitcoin-cashBitcoin Cash(BCH)
    $497.66 7.08%24H
    BITCOIN CASH
    24H : 7.08%
    Volume : $5,186,785,996.00
    Marketcap : $9,309,235,390.00
  • usd-coinUSD Coin(USDC)
    $0.999 -0.21%24H
    USD COIN
    24H : -0.21%
    Volume : $2,122,336,890.00
    Marketcap : $8,945,042,383.00
  • uniswapUniswap(UNI)
    $25.97 14.12%24H
    UNISWAP
    24H : 14.12%
    Volume : $1,305,198,059.00
    Marketcap : $8,034,500,478.00
  • dogecoinDogecoin(DOGE)
    $0.051 4.39%24H
    DOGECOIN
    24H : 4.39%
    Volume : $1,685,626,363.00
    Marketcap : $6,506,852,021.00
  • wrapped-bitcoinWrapped Bitcoin(WBTC)
    $48,680.00 5.61%24H
    WRAPPED BITCOIN
    24H : 5.61%
    Volume : $381,624,159.00
    Marketcap : $6,013,895,696.00
  • nemNEM(XEM)
    $0.666 11.47%24H
    NEM
    24H : 11.47%
    Volume : $642,791,785.00
    Marketcap : $5,968,970,215.00
  • aaveAave(AAVE)
    $382.95 4.79%24H
    AAVE
    24H : 4.79%
    Volume : $1,258,094,516.00
    Marketcap : $4,747,300,672.00
  • cosmosCosmos(ATOM)
    $19.55 10.24%24H
    COSMOS
    24H : 10.24%
    Volume : $622,073,104.00
    Marketcap : $4,666,085,503.00
  • okbOKB(OKB)
    $16.83 6.07%24H
    OKB
    24H : 6.07%
    Volume : $451,417,610.00
    Marketcap : $4,589,827,318.00
  • moneroMonero(XMR)
    $227.87 6.33%24H
    MONERO
    24H : 6.33%
    Volume : $716,940,672.00
    Marketcap : $4,055,388,913.00
  • Nederlands (Dutch)
  • English
  • Deutsch (German)
  • Русский (Russian)
  • Español (Spanish)