Tag: Gold

OCBC Issues Tokenized Physical Gold Fund on Ethereum and Solana

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The value of tokenized real-world assets on public blockchains is estimated at more than $29 billion, up more than 10% in the last 30 days. OCBC, one of Singapore’s largest banking and financial services corporations, has launched a tokenized physical gold fund, with the underlying token, GOLDX, issued on both Ethereum and Solana. The launch was made together with its asset management arm, Lion Global Investors and digital asset exchange DigiFT. The token is aimed at institutional investors, hedge funds and asset managers and can be bought and sold using…

Bitcoin Can Beat $38T Gold ‘Addressable Market’ Over Geopolitical Conflict

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Bitcoin (BTC) has a target market that is “probably a lot bigger” than gold’s $30 trillion market cap, says a crypto industry executive. Key points: Bitcoin should continue to outperform during geopolitical crises, says Bitwise’s Matt Hougan. Bitcoin’s “addressable market” could surpass gold’s near $40 trillion market cap. A trader eyes a return to $90,000 for Bitcoin after a historic drawdown against gold. Bitcoin “probably” beats gold target market In an X article on Tuesday, Matt Hougan, chief investment officer of crypto asset manager Bitwise, saw geopolitical conflict fueling BTC…

Bitwise CIO Says Bitcoin Addressable Market Could Exceed Gold

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Bitcoin’s addressable market has the potential to surpass the $34 trillion gold market if it is eventually widely used as both a currency and a store of value, according to Bitwise’s chief investment officer Matt Hougan. Hougan said on Tuesday that while Bitcoin (BTC) has been seen as a contender to gold, the war in Iran has shown that Bitcoin can also serve in a “currency-like manner,”, referring to Iran’s proposed plan to charge a toll that can be paid in crypto for ships to navigate the Strait of Hormuz. …

Bitwise CIO says Iran conflict is showing Bitcoin’s geopolitical value beyond digital gold

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Bitwise Chief Investment Officer Matt Hougan says Bitcoin’s strong performance during the Iran conflict is revealing a deeper shift in how the market may be starting to value the asset. In a new memo titled Why Bitcoin Rallies on Geopolitical Uncertainty, Hougan argued that Bitcoin is not only behaving like digital gold, but is increasingly being repriced as a neutral monetary asset that could gain relevance in cross border settlement during periods of geopolitical stress. The memo says Bitcoin rose 12% between the February 27 market close and April 10,…

Kiyosaki Says 1974 Shift Drives Debt Crisis, Backs Bitcoin and gold

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Rich Dad Poor Dad author Robert Kiyosaki has argued that the economic shifts set in motion more than five decades ago are now unfolding, advocating for Bitcoin and gold while warning against rising debt, inflation and retirement risks. In a Saturday post on X, Kiyosaki pointed to 1974 as a turning point that reshaped both money and retirement systems. He argued that the United States’ move toward a petrodollar framework, alongside policy changes affecting pensions, laid the foundation for today’s financial pressures. “The future created in 1974 has arrived,” Kiyosaki…

Tech stocks lead Friday selloff as crypto breaks lower and gold and silver spike

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Technology stocks fell Friday as a broader market selloff intensified, with geopolitical tensions between the US and Iran, rising Treasury yields, and mounting concerns over AI spending all weighing on sentiment. The Magnificent Seven led the decline. Microsoft has been the weakest performer in recent weeks, down about 24% year to date and roughly 2% on Friday. Meta dropped around 4.3% on the day and is down about 18% this year, while Nvidia slipped 1.9% Friday and is off roughly 11% year to date. Alphabet fell about 2.4% on the…

Oil and gold rally as Iran locks down key oil route to US and Israeli allies

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Oil markets continued to rally on Friday morning amid renewed strain in the Middle East. Iran’s Islamic Revolutionary Guard Corps (IRGC), a key instrument of Iran’s military and regional strategy, declared that any movement through the Strait of Hormuz by vessels tied to US and Israeli allies would face a forceful response, state media FARS reported. The group said its navy had already intercepted and redirected three container ships attempting to pass through the corridor. The move raised concerns about prolonged interruptions on a crucial oil route. Brent and other…

Tether launches XAUt on BNB Chain as gold trading moves deeper into crypto

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Tether has launched Tether Gold, XAUt, on BNB Chain, expanding access to its tokenized bullion product as traders continue looking for ways to hold and trade gold inside crypto markets. The rollout adds XAUt to one of the industry’s biggest exchange ecosystems and comes the same day Binance said it would list the token for spot trading against pairs including USDT, BTC, USDC, TRY, and U. The launch lands after a wild stretch for gold. Bullion ripped higher in January as geopolitical tensions pushed investors into safe-haven trades, with spot…

BTC Performance Driven By Individuals While Central Banks Drive Gold Price

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The divergence between gold and Bitcoin (BTC) in 2026 can be explained by two distinct segments of buyers, according to Stephen Coltman, head of macro at crypto exchange-traded product (ETP) provider 21Shares. Gold’s rally over the last three years has been primarily fueled by central bank buying, while Bitcoin is more widely held by individuals than financial institutions, Coltman told Cointelegraph. He said: “Physical gold has a greater geopolitical strategic role currently, as the asset of choice for state actors who want to store wealth in a way that is…

Gold Falls 11%, Biggest Weekly Fall Since 1983

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Gold tumbled another 3.5% to $4,488 per ounce on Friday, marking an 11% fall for the week and the largest weekly loss the precious metal has seen since 1983 as geopolitical instability and uncertainty in the Middle East continue to weigh on the markets. Gold has fallen more than 15% since Feb. 28, when the US and Israel first attacked Iran, erasing part of the rally that pushed its price up to the $5,500 mark in late January and casting doubt on its safe haven status. TradingView confirmed that March…