Major Gold investor is entering Bitcoin market

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Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Wow that's a great news for all of the bitcoin user's there we go again another big name has enter the crypto currency world.
Looks like we are going to see a huge price increase in the future because of this.

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The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.
But if Bitcoin is successful long term, we should continue to see competitor cryptocurrencies and market strategies emerge to exploit the new economic rent — a Bearish risk for Bitcoin’s price.

Carlsen

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I like the idea of bitcoin in combination with gold.
I suppose they will have a plan to combine the safety of gold with the potential of bitcoin growth.
This shows us thet even the professionals of the investment business think of bitcoin as a worthy option to put money in!
The acceptance of bitcoin is growing, it can go on like this!!!

Tungsten-1

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Quote from: romecheo on August 31, 2017, 06:09:40 AM

This could lead to another big waves for Bitcoin, if those giant gold investor are now entering to Bitcoin, more will surely follows.

This much be surprising for us and for bitcoin development and also we are seeing this trend. Everyone desire to earn as maximum as possible. I think the ones who are investing in Bitcoins are doing exactly the same. And not only gold investors, probably many more investors will option for Bitcoins tomorrow if not today.

Anarchist

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In general, when investors are very anxious or simply worried about the value of the dollar, they buy physical gold rather than gold substitutes. Apparently, some worried investors are also buying bitcoins. I imagine that Bitcoin buyers belong mainly to generation X and Y, while gold buyers are mostly baby boomers, less young.

darkangel11

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They know what they're doing and are right about the potential.
I remember the speculations about how deep into the curve of adoption we are at the moment. Some thought we were at the peak in 2013. but now we know that it was just the beginning. We're still very early along that line. I'd say not even in 1/3. Gold is getting too stable for these people, big money is coming to BTC.

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Quote from: iamTom123 on August 31, 2017, 12:45:29 PM

Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

There are news that many gold investors (as well as those in stocks) are now lining up to show their support for Bitcoin by joining the cryptocurrency bandwagon expecting that Bitcoin is now the new safe haven in digital form. I am sure that more and more gold investors would be persuaded to also join the Bitcoin ecosystem as they are now realizing that Bitcoin is much better than gold in terms of return-of-investment. This is just the start of something really beautiful and golden with Bitcoin

Honestly, I don't believe in such news very much

Why so? Because gold is too different from Bitcoin, and the psychology of investing in gold is the opposite of investing in Bitcoin. In fact, I find it rather strange that gold investors would even consider Bitcoin as a viable investment vehicle at all since there are quite a few investment assets in between gold and Bitcoin in terms of risks involved. In this way, gold investors should rather look into these assets first, not Bitcoin. It may be no more than typical hype just like many examples that we see recently when one public person or another declares their support of Bitcoin without actually putting their money where their mouth is. In other words, all talk and no walk

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Quote from: eternalgloom on August 31, 2017, 01:21:40 PM

I wonder how much of their investment budget they will put into Bitcoin.
This could really mean a huge push forward for Bitcoin, but I also think that Bitcoin will become even more volatile than it is now.

The use of Bitcoin as a currency is becoming less and less likely for the future. But hey, I'm not complaining.

It would really makes the price volatile for sure knowing there would be active trade off when big players did already join the pack but thinking off that this isnt should be the way on which bitcoin should be treated.Seems like its just like a pool for those who do like to make even more money. Adoption is good but having these kind off add up on rich people would really affect.I think he would put 2 Billion on bitcoin. Grin

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I wonder how much of their investment budget they will put into Bitcoin.
This could really mean a huge push forward for Bitcoin, but I also think that Bitcoin will become even more volatile than it is now.

The use of Bitcoin as a currency is becoming less and less likely for the future. But hey, I'm not complaining.

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Quote from: amaral1977 on August 29, 2017, 04:21:45 PM

The big players are begining to notice. for a small fish like me that could mean some financial independence from a relatively small amount of BTC:) let it pump!!!

It's good for the price, yes, but I'm a bit concerned about how high bitcoin has gotten the past few months. I'm worried about a crash actually. But we'll see. I do think it's good to get old school, hard-money people in on crypto, and I'm definitely seeing that a lot lately. They can both coexist nicely. However, I'm using some of my bitcoin to buy silver just in case.

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Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

There are news that many gold investors (as well as those in stocks) are now lining up to show their support for Bitcoin by joining the cryptocurrency bandwagon expecting that Bitcoin is now the new safe haven in digital form. I am sure that more and more gold investors would be persuaded to also join the Bitcoin ecosystem as they are now realizing that Bitcoin is much better than gold in terms of return-of-investment. This is just the start of something really beautiful and golden with Bitcoin.

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Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

This is great news!

The more we get investors involved into bitcoin trading, the more stable it should become(less volatile).

When more people come into the market that are willing to buy and hold, we will start to see amore steady market and price climb. That is the deflationary aspect of BTC that kicks in once enough people start using it and or holding.

We are looking good!

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Good post - the more mainstream adoption and embodiment of bitcoin, crypto, and blockchain, the better. VanEck company also had some negative statements regarding bitcoin, but it is still such an early stage in bitcoin that we don't know the long-term potential for bitcoin's place relative to gold and currency. Though I keep talking about some fundamental attributes that make a case for bitcoin being superior to gold, the fact that gold has been around for a long time is a huge benefit for gold.

But VanEck entering the market is great - more of this is certainly welcome!!

machinek20

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Who will be able to resist btcoin profit growth, it is faster than any investment in this world and the value is never dropping, if I am a rich man I will put my investment into bitcoin, it only need 2 year from 300$ to 4500$, and the best part is, bitcoin price still rising

Eugenar

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Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Absolutely true. Bitcoin is catching the eyes of other investors because it is now more profitable. It became more of a good investment because of its high market demand and market value. VanEck is a huge company and wants to earn profit surely on investment. They are speculating the future of Bitcoin to be a better investment that will give all of its investors, high returns with less risk if the demand on Bitcoin will continue rising.

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Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Yeah! There is great potential in the Bitcoin market. If VanEck believes it, it is because he already know what bitcoin really is in the coming future. He knows already that there are tendency that bitcoin become the main currency entire the world. Nothing to worry because that was the future of bitcoin. If one Business man enters a new business I'm sure that business will shine because there is one thing I know a business man and investor like VanEck can predict one business if it will be successful. They are investors, a business man and they already knows the pattern of business. So, I'm sure if they are entering Bitcoin now it is because Bitcoin will Shine as Diamond in the coming future.

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Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Can i know the link regarding on this news? Its really good to know that a big investor on gold market decides now to jump into bitcoin world and i really agree on what he said bitcoin does really have lots of potential. We are still young and there are still lot of years to pass for us to improve even more.This kind of news would really help for bitcoins price to rise up somehow.

romecheo

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This could lead to another big waves for Bitcoin, if those giant gold investor are now entering to Bitcoin, more will surely follows.

amaral1977

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The big players are begining to notice. for a small fish like me that could mean some financial independence from a relatively small amount of BTC:) let it pump!!!

Cherylstar86

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Quote from: Saidmod on August 29, 2017, 09:06:04 AM

Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

That was a very big news for bitcoins as it may declare a big demand in price if VanEck invested a big amount of money on it. Precious metals are still good going and it is more valuable and have a good price right now.
Every single business person when they know the bitcoins they will don't hesitate to put a money on it.

Well it's a better diversions of assets from physical to digital and it really brought wider market of bitcoins all over the world. The demand took a lot of interest form people who gained massive influence as it come to a point that bitcoin's value defeated Gold so far, so more business minded people choose bitcoin as their primary investment nowadays. As we all know Gold is very popular at mid 80's but the price declined due to supply and demand loses because of lot's of alternatives like synthetic materials, mainly silver and bronze.

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Quote from: swissguy on August 29, 2017, 08:46:29 AM

i personally feels bit more risk in holding bitcoins as compare to gold. Gold is stable from years but on the other hand bitcoin has changed its prices by a reduction % of more then 70 so according to me its not a good idea for those who are looking to hold their money in form of bitcoins rather then gold.

Well he is rich so i dont think that he has problem with those. He can have the budget to really safeguard whatever he will invest in btc. We can see how btc is successful in another year. And i bet he is already starting to mine btc and not just gold. But really are profitable so i guess there is no harm for him to risk in btc especially with that kind of networth.

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Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

That was a very big news for bitcoins as it may declare a big demand in price if VanEck invested a big amount of money on it. Precious metals are still good going and it is more valuable and have a good price right now.
Every single business person when they know the bitcoins they will don't hesitate to put a money on it.

Nivir

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This may have a big effect on bitcoin if ever he joins the market. Bitcoin may have a big impact on the investors because some are starting to invest and most investors are big people.

swissguy

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i personally feels bit more risk in holding bitcoins as compare to gold. Gold is stable from years but on the other hand bitcoin has changed its prices by a reduction % of more then 70 so according to me its not a good idea for those who are looking to hold their money in form of bitcoins rather then gold.

CARrency

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Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Wow, someone wants to give a big wave effect on bitcoin.I guess many investors will follow since he is another big fish with a lot of followers. Another pump is coming, but the threat of dump is always close to atttack.

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Quote from: tyz on August 29, 2017, 08:23:56 AM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

Agreed with you, there has been incredible potential in the bitcoins if we talk about the future growth. Bitcoin is still young in the markets, it is less than decade old and it is already performing really good. It is a very good news that global leaders in the markets are backing bitcoins; it will attract more people to adapt the bitcoins.

tyz

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One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

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