• Home
  • Contact Us
  • Privacy & Policy
Wednesday, May 25, 2022
Finances Advise
No Result
View All Result
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
No Result
View All Result
Finances Advise
No Result
View All Result
Home Crypto News Bitcoin

Coffee And Crypto: Newsletter Morning Brew Boots Gold For Bitcoin

by admin
March 31, 2021
in Bitcoin
0
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter




As part of the continued demonization of gold at the hands of Bitcoin, the precious metal that was once the hard money standard has received the boot from popular daily email newsletter Morning Brew.

Due to the rising popularity of Bitcoin, gold has been completely replaced with a price ticker instead for the leading cryptocurrency by market cap. Here’s why this is such a big thing, and why this is just one win of many more to come.

Bitcoin Deals Blow To Gold As Crypto Becomes Common Coffee Talk

The ongoing “digital gold” narrative has taken the momentum out of gold’s bull run, and converted it into rocket fuel for Bitcoin. In less than one year, the cryptocurrency’s market cap rose from under $200 billion to more than $1 trillion and climbing.

RELATED READING | THE DOLLAR REGAINS LOST GROUND, BUT BITCOIN YET TO REACT

Over time, it’s expected to eat away at gold’s $10 trillion market cap, and it already has put an end to the precious metal’s bull run in 2020. Just as gold began to peak, outflows from hedge funds went directly into the scarce crypto asset, which was expected to outperform gold by a substantial margin.

bitcoin gold morning brew

Gold continues its downtrend against Bitcoin | Source: XAUBTC on TradingView.com

Those who bet on Bitcoin, were ultimately correct. Since the big breakout beyond the 2017 peak, the cryptocurrency asset class has gone through a secular shift, where institutions and a completely different asset class have begun to include the emerging technology within their previously traditional portfolios.

And as Bitcoin popularity has picked up, it has led to an enormously popular daily email newsletter dropping gold from their morning market reports for the cryptocurrency instead.

Morning Brew Shakes Up Market Section With Trending Ticker, Transitioning Away From Traditions

What’s old is often new again, and newsletters are making a comeback. No one has done it better, however, than economic and social wrap up Morning Brew, amassing more than 2.5 million subscribers. The newsletter includes updates on what’s trending globally, and has a section with price tickers for major stock indices like the Dow Jones, Nasdaq, S&P 500, as well as the 10-year Treasury yield.

The time has come

We have finally added bitcoin to our markets section, replacing the price of gold

here is why we made the switch pic.twitter.com/RWWUzEmzOv

— Morning Brew ☕️ (@MorningBrew) March 30, 2021

Previously, it also included gold and oil – two of the most important natural commodities the world has ever known. However, it’s replaced gold with Bitcoin, and oil with a “flex spot” which will be used to showcase any trending asset. For example, when Dogecoin was the talk of Twitter and elsewhere online recently, it could be featured in that spot.

RELATED READING | BITCOIN IS REPLACING GOLD AT AN “ACCELERATING PACE”

This also means that Bitcoin is there to stay, and isn’t just another trending coin or stock of the day. It has cryptocurrency bulls cheering, celebrating such a victory over gold – one of many wins in the future, they hope. It has the likes of Peter Schiff, however, boiling inside.

Featured Image From Deposit Photos, Charts From TradingView.com

 



Tags: BitcoinBootsBrewCoffeeCryptogoldMorningNewsletter
  • Trending
  • Comments
  • Latest

A 48-year market vet warns that the Fed will be forced to tighten policy ‘way sooner’ than investors anticipate as inflation continues to soar — triggering a stock market crash of up to 80%

August 28, 2021
27-year-old UG graduate now millionaire proposes to girlfriend on b’day in video

27-year-old UG graduate now millionaire proposes to girlfriend on b’day in video

August 9, 2021

‘It’s begging to be destroyed’: A stock trader who says he made more than $100,000 shorting the market during the 2008 crash just bet against the S&P 500 — and warns there’s a ‘fair chance’ stocks are about to drop 25%

September 11, 2021

Stocks tanked in the first quarter, and new research shows there should be a reversal by the end of June

April 15, 2022

Stripe Partners With OpenNode to Allow Instant Fiat-to-Bitcoin Conversions for Businesses

0

Uber Hacking: Customers Not at Risk of Financial Crime, Says Minister

0

Black Friday Merchants Look to Extend Moment of Retail Optimism

0

Hotshot Snapchat Founders Face a Dilemma: Lie Low or Live Large?

0

Stripe Partners With OpenNode to Allow Instant Fiat-to-Bitcoin Conversions for Businesses

May 25, 2022

LUNA’s Ghost Haunts ‘Permissionless’ Crypto Conference

May 25, 2022

U.S. bars Russia from paying bondholders through American banks, increasing default risk

May 25, 2022
FOREX-Dollar on backfoot ahead of U.S. jobs data | Business

FOREX-Kiwi soars on hawkish RBNZ, greenback bounces from 1-month low | Business

May 25, 2022

Recent News

Stripe Partners With OpenNode to Allow Instant Fiat-to-Bitcoin Conversions for Businesses

May 25, 2022

LUNA’s Ghost Haunts ‘Permissionless’ Crypto Conference

May 25, 2022

Categories

  • Bitcoin
  • Block chain
  • Business
  • Commodities
  • Ethereum
  • Financial Advisors
  • Forex
  • Investing
  • Litecoin
  • Market Insider
  • Personal Finance
  • Stocks

Site Navigation

  • Home
  • Contact Us
  • Privacy & Policy

We bring the Best and latest Crypto News

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.