Van Eck Associates CEO: Bitcoin Investors Are Moving to Gold

Jan Van Eck, CEO of Van Eck Associates, suggested that Bitcoin (BTC) investors have moved to gold during an interview with CNBC published on Jan. 26. Van Eck declared that he thinks “that Bitcoin pulled a bit of demand away from gold last year, in 2017.” Afterward, he concluded: “Interestingly, we just polled 4,000 Bitcoin…

Jan Van Eck, CEO of Van Eck Associates, suggested that Bitcoin (BTC) investors have moved to gold during an interview with CNBC published on Jan. 26.

Van Eck declared that he thinks “that Bitcoin pulled a bit of demand away from gold last year, in 2017.” Afterward, he concluded:

“Interestingly, we just polled 4,000 Bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to Bitcoin and now it’s going the other way.”

During the same interview while talking about Bitcoin exchange-traded funds (ETFs), Tim Seymour, founder and chief investment officer of Seymour Asset Management, declared that Bitcoin’s function as a store of value is questionable:

“Not only have we lost all liquidity on the underlying [commodity] but truly outside of the existential blockchain argument, it’s been very difficult to argue store of value which is really what we started hearing about. Gold is a store of value and there’s no disputing that.”

Van Eck’s firm created what CNBC defined as the most well known gold ETFs, namely the GDX gold miners ETF and the GDXJ junior gold miners ETF. Van Eck declared that those assets “have been acting tremendously well over the last two or three months” before underlining that they seemingly do the opposite of what stock markets do.

“In the majority of the days in Q4 when the S&P was down, GDX was up,” he said, before concluding “that decoupling makes me really excited about gold shares as a diversifier.” Furthermore, according to CNBC, the GDX ETF grew by 14 percent in the fourth quarter, which according to the article is its best performance since Q2 2016. Moreover, the GDX is up under 1 percent this year, as the S&P 500 grew 6 percent.

As Cointelegraph recently reported, the Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has withdrawn its request for a rule change by the United States Securities and Exchange Commission (SEC). The requested change was meant to permit the listing of the ETF backed by VanEck and financial services company SolidX.

At the end of last year, Bitcoin’s (BTC) average daily price change was the lowest value reported in the past nine years, Cointelegraph reported.

Ethereum (ETH) Dead? ETH Record Broken Following Sharp Rise this Week

Mainstream media has recently been sparking the question, “is Ethereum (ETH) dead?” Most journalists running these stories were referring to Ether or ETH, the digital token that runs on the Ethereum network. Ethereum (ETH) Dead? The reason the questions were prompted most likely had to do with ETH hitting 2018 lows recently. Most of the…

Ethereum (ETH) Dead

Mainstream media has recently been sparking the question, “is Ethereum (ETH) dead?” Most journalists running these stories were referring to Ether or ETH, the digital token that runs on the Ethereum network.

Ethereum (ETH) Dead?

The reason the questions were prompted most likely had to do with ETH hitting 2018 lows recently. Most of the market, however, was also dropping at the time.

Despite its downturn, Ethereum has held strong as the second-largest cryptocurrency by its total market cap. Ripple (XRP), the third-largest cryptocurrency, is around $10 billion behind ETH.

Ethereum has …

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Ethereum (ETH), Litecoin (LTC), and Monero (XMR) Rise from the Ashes

The cryptocurrency market is rebounding today, after a brutal couple of weeks on the market. Ethereum (ETH), Litecoin (LTC), and Monero (XMR) are among the coins making the biggest surge this morning. Recently, the market hit its year-low, and many of the coins reached their yearly lows as well. Let’s take a closer look at…

Ethereum (ETH)

The cryptocurrency market is rebounding today, after a brutal couple of weeks on the market. Ethereum (ETH), Litecoin (LTC), and Monero (XMR) are among the coins making the biggest surge this morning.

Recently, the market hit its year-low, and many of the coins reached their yearly lows as well.

Let’s take a closer look at these three coins and their latest developments.

Ethereum (ETH)

Ethereum, the second-largest cryptocurrency by its total market cap, hit its year-low this week, sinking below $180. ETH hadn’t been under the $180 price point since late June …

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Joseph Lubin, Ethereum Co-Founder – Recent Slump Won’t Affect Growth

Ethereum co-founder Joseph Lubin has spoken about the recent slump in the cryptocurrency market and it seems he is undeterred by it. In a recent interview with Bloomberg Television, Lubin said that price collapses have been part-in-parcel of the “blockchain ecosystem since 2009” and as a whole, the market won’t be affected by the slump. He…

Joseph Lubin

Ethereum co-founder Joseph Lubin has spoken about the recent slump in the cryptocurrency market and it seems he is undeterred by it.

In a recent interview with Bloomberg Television, Lubin said that price collapses have been part-in-parcel of the “blockchain ecosystem since 2009” and as a whole, the market won’t be affected by the slump.

He further backed up his contentment by saying that “growth has been exponential” and has outweighed the price bubbles which will seem like “little pimples on a chart”.

“We’ve seen six big bubbles, each more epic than …

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Chinese Crypto Miner Arrested for Stealing Electricity

Chinese crypto miner arrested: A man has been arrested in the Anhui Province of China for allegedly stealing 150 megawatts (MW) of electricity. Chinese Crypto Miner Arrested Local media outlet Xinhua reported the arrest today, stating that the man, known under the surname Ma, had more than 200 computers that he was attempting to mine…

Chinese crypto miner arrested

Chinese crypto miner arrested: A man has been arrested in the Anhui Province of China for allegedly stealing 150 megawatts (MW) of electricity.

Chinese Crypto Miner Arrested

Local media outlet Xinhua reported the arrest today, stating that the man, known under the surname Ma, had more than 200 computers that he was attempting to mine both Bitcoin (BTC) and Ethereum (ETH) with. The computers have now been confiscated, along with the arrest of Ma.

Ma said that he had purchased the computers back in April, unaware of how much it would cost him to …

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Ethereum (ETH): Casper and Sharding Will Most Likely be Released Simultaneously

Ethereum (ETH) – The developer of Ethereum’s EIP-1011, Danny Ryan, just announced some updates to Ethereum’s scaling solution. Casper and sharding are coming together ❤️ https://t.co/LMrd7qOIqR — dannyryan (@dannyryan) June 15, 2018 According to Ryan, the recent research has confirmed that the long-awaited Casper upgrade can be activated in one of the shards. Originally, it was…

Ethereum [ETH]

Ethereum (ETH) – The developer of Ethereum’s EIP-1011, Danny Ryan, just announced some updates to Ethereum’s scaling solution.

Casper and sharding are coming together ❤️ https://t.co/LMrd7qOIqR

— dannyryan (@dannyryan) June 15, 2018

According to Ryan, the recent research has confirmed that the long-awaited Casper upgrade can be activated in one of the shards. Originally, it was expected to be created by a smart contract, but in the 40th Ethereum core developer meeting this Friday, that was proven otherwise.

Vitalik Buterin, Ethereum’s co-founder, thinks that the combo of sharding and the …

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Codius is Back! Good News? Not for Ethereum (ETH)

By now, most people are aware that Codius is coming back. This in itself is big news, but the relaunch of the smart contract platform is making waves for two other reasons. First, people are talking about it because the product will not be launched through Ripple, but rather by Coil. Second, there is speculation…

Codius

By now, most people are aware that Codius is coming back. This in itself is big news, but the relaunch of the smart contract platform is making waves for two other reasons.

First, people are talking about it because the product will not be launched through Ripple, but rather by Coil. Second, there is speculation that Codius is going to kill Ethereum (ETH). 

In this article, we’re going to be dissecting both of those headlines. 

Codius is Back! But It’s Not Ripple’s Product Anymore

In May, Stefan Thomas departed from Ripple. He …

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Bitcoin is Money, Ethereum is Empowerment

Bitcoin is money, Ethereum is empowerment. Since 2013 altcoin after altcoin has tried and failed to replace Bitcoin as the number one cryptocurrency on the market. It is fascinating how Bitcoin persists even though other coins may be faster, cheaper to move, or even arguably more secure. One lesson from all of this is the…

Ethereum is Empowerment

Bitcoin is money, Ethereum is empowerment.

Since 2013 altcoin after altcoin has tried and failed to replace Bitcoin as the number one cryptocurrency on the market. It is fascinating how Bitcoin persists even though other coins may be faster, cheaper to move, or even arguably more secure. One lesson from all of this is the best technology is not always the most widely used technology. Altcoins launched, many of which strived to replace Bitcoin, and then came Ethereum and all the rules changed.

The discussions from the Crypto Community in 2013 are full of …

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April 30-May 4: Top Crypto News

The first week of May is over, and what a week it was. There is a lot to reflect on, especially with everything that went on in the crypto space. So, without further adieu, here is this weeks top crypto news.  This Week’s Top Crypto News  April 30 – May 1  On both Monday and…

top crypto news

The first week of May is over, and what a week it was. There is a lot to reflect on, especially with everything that went on in the crypto space. So, without further adieu, here is this weeks top crypto news. 

This Week’s Top Crypto News 

April 30 – May 1 

On both Monday and Tuesday, coins in the crypto markets were in both the green and the red. On April 30, both BitShares (BTS) and Lisk (LSK) were up. On May 1, all of the top-ten coins were in the red, while Bitcoin …

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