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Bitcoin debasement trade splits from gold as investor bets diverge

GlobeNewswire+2 ·
Bitcoin debasement trade splits from gold as investor bets diverge
  • Bloomberg reports the debasement trade has split, with gold and Bitcoin bets diverging.
  • Bitcoin traded near $78,400 after a 24% August run, its best month in years, according to the Pepeto press release citing Exchange Rates UK.
  • Billionaire investor Tim Draper predicted in a Sept. 10 interview that Bitcoin will reach $250,000 within two years.
  • OCEAN completed SOC 1 Type 2 and SOC 2 Type 2 attestations, bringing independent assurance to permissionless Bitcoin mining.
  • Whale wallets absorbed 39,154 BTC, around $3 billion, in a single week, and a close above $82,206 opens $97,278 per CryptoRank.

Quotes

“The Debasement Trade Splits as Gold and Bitcoin Bets Diverge”— Bloomberg
“Bitcoin is heading to $250,000 within two years”— Tim Draper
“Mummolin, Inc. today announced that its subsidiary, Bitcoin OCEAN LLC, operator of the OCEAN Bitcoin mining pool, has successfully completed SOC 1 Type 2 and SOC 2 Type 2”— Mummolin, Inc.
“Whale wallets absorbed 39,154 BTC, around $3 billion, in a single week”— Pepeto

Sources