- A sharp crash
- Cathie Wood’s warning
American financier Anthony Scaramucci has urged Bitcoin holders to “get ready” after the leading cryptocurrency by market cap gained more than 10% against gold earlier today
As reported by U.Today, the SkyBridge Capital founder previously stated that he would like Bitcoin to surge all the way to $150,000
A sharp crash
Earlier today, gold crashed to an intraday low of $4,683 before regaining some ground
At the same time, Silver actually recorded the biggest daily drop of all time, losing more than 30% in a single day
However, despite the massive drop, it remains the best-performing asset of this year so far. In fact, the precious metal is still three times more expensive than it was nine months ago
The nomination of Kevin Warsh, who is considered to be relatively hawkish, as the next Federal Reserve Chair is likely to be one of the main triggers behind the recent meltdown experienced by precious metals. Warsh favors tighter policy and higher-for-longer interest rates, and traders are betting on a stronger dollar
Cathie Wood’s warning
On Thursday, Cathie Wood of Ark Invest riled up gold bugs by predicting that the enormous precious metal rally was coming to an end
Wood noted that the market cap of gold as a percent of the US money supply (M2) recently hit a new peak, surpassing the long-standing all-time high that was recorded in 1980 during the period of sky-high inflation
“While parabolic moves often take asset prices higher than most investors would think possible, the out-of-this-world spikes tend to occur at the end of a cycle,” the Ark Invest boss stated in her social media post
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The New York Times reignites the “Satoshi identity mystery”; after Adam Back was targeted, he quickly clarified
Author: Nancy, PANews
Satoshi Nakamoto’s real identity remains the mystery that has continued for 17 years in the crypto world. Guesses surrounding this pseudonym have never stopped—candidates ranging from cryptographers to company founders have come and gone, yet there has always been a lack of decisive evidence.
Recently, The New York Times published a 10,000-plus-word investigation. Based on multiple comparisons drawn from language style, technical paths, and historical context, it ranked Blockstream CEO Adam Back as the strongest candidate for Satoshi Nakamoto. However, this claim was quickly and explicitly denied by Back himself, and the relevant arguments were widely questioned by the industry as difficult to substantiate.
Satoshi Nakamoto identity controversy flares up again; the 10,000-plus-word investigation targets Adam Back
In this investigation, New York Times reporter John Carreyrou spent more than a year deeply sorting through decades of archives and the cypherpunk email mailing lists to
区块客2h ago
Morgan Stanley Bitcoin ETF Drives 3-Fold Impact as 16,000 Advisors Open Path to Multi-Billion Demand
Bitcoin demand is set to expand rapidly as Morgan Stanley deploys its 16,000 advisors and launches a low-cost ETF, driving institutional inflows and strengthening crypto’s position in mainstream portfolios.
Key Takeaways:
Morgan Stanley’s 16,000 advisors unlock major bitcoin demand, driving
Coinpedia6h ago
DWF Labs Co-Founder: The current market is boring, but it hasn’t disappeared—builders or investors still have a lot to do.
DWF Labs co-founder Andrei Grachev said the market is currently in a “boring” phase, with many important activities quietly underway. He advised investors to stay patient and look for a better timing. He emphasized that opportunities still exist in the market—such as holding Bitcoin or participating in altcoins—and urged retail investors to keep learning and remain optimistic.
GateNews7h ago
