A company that is changing the way the world mines bitcoin

BitcoinSistemi 2024-12-14 14:29:07

Prominent Market Analyst Dennis Gartman Says “I Will Not Buy Bitcoin”, Explains Why

Prominent market analyst and University of Akron Foundation President Dennis Gartman has expressed his skepticism about Bitcoin despite its remarkable rise this year. Speaking to Bloomberg, Gartman expressed surprise at Bitcoin’s performance but continued to favor gold as a more enduring asset. Bitcoin has gained nearly 140% this year, significantly outpacing gold’s 30% gain. But Gartman remains unconvinced. “It still amazes me how much respect Bitcoin has,” he said. While acknowledging that BTC is a rare asset, Gartman compared the Bitcoin craze to historical bubbles like the Dutch tulip craze of the 17th century and the tech boom of the late 1990s. “Gold has been valued as an asset for centuries, while Bitcoin has only had a few months,” he said. “I would almost always prefer a century investment to a month investment.” Related News: Nasdaq-Listed Giant Company Announces Massive Bitcoin Purchase Despite his skepticism, Gartman avoided predicting an imminent crash, instead warning of eventual volatility, suggesting that Bitcoin’s price could fluctuate dramatically in the future before potentially falling. When asked to address the argument that Bitcoin is “digital gold” because of its limited supply, Gartman backpedaled. He pointed to the proliferation of other cryptocurrencies, which he believes has undermined Bitcoin’s scarcity appeal. “There’s an infinite number of other cryptocurrencies coming into the market, and that takes away from the one-time scarcity value of Bitcoin,” he said. In contrast, gold’s history as a store of value and medium of exchange gives it a unique position, the analyst said. “Gold has been money for thousands of years and will likely continue to be so for thousands more,” Gartman said. *This is not investment advice. Continue Reading: Prominent Market Analyst Dennis Gartman Says “I Will Not Buy Bitcoin”, Explains Why

Enim loetud uudised

New Solana meme coin could surge 12,500%, out...
2024-12-14
Elon’s Gold (ELONGOLD) Solana Memecoin to Sky...
2024-12-14
Bitcoin Gains While Dogecoin Faces Major Week...
2024-12-14
Bitcoin to $180k? Expect a 30% correction, wa...
2024-12-14
Dogecoin Down 19% Since Hitting 3-Year High—D...
2024-12-14
VanEck predicts 2025 bull market with Bitcoin...
2024-12-14
ONDO Exchange Inflows Grow – Volatility Ahead...
2024-12-14
This new meme presale targets 99,900% growth...
2024-12-14

Seotud uudised

BREAKING: Trump’s Cryptocurrency Project Allegedly...
14 Dec 2024
Thailand should study crypto to remain relevant —...
14 Dec 2024
Dogecoin (DOGE) Price Prediction for December 15
14 Dec 2024
Bitcoin Mining Giant Riot Platforms Adds More Than...
14 Dec 2024
Glassnode Reports Solana Investors Hold for Future...
14 Dec 2024
MARA Next In Line For NASDAQ Listing? Michael Sayl...
14 Dec 2024

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine