Tags : chief

Market

Bitcoin an ‘Emerging Competitor’ to Gold, Says CME’s Chief Economist

Bluford Putnam, chief economist and managing director of CME Group, believes bitcoin is an “emerging competitor” to gold. In a CME-presented explainer video posted by Bloomberg on Wednesday, Putnam said the yellow metal’s ongoing production, likely to increase in 2021, contrasts with bitcoin‘s fixed supply. The World Gold Council estimates roughly 197,576 metric tonnes (217,790 […]Read More

Cryptocurrency

Why Allianz chief economist says Bitcoin surging will fuel an

Why Allianz chief economist says Bitcoin surging will fuel an “interesting conversation” Mohamed A El-Erian, the chief economist at Allianz, said the Bitcoin price surging to a new all-time high at $38,000 could fuel an “interesting conversation.” El-Erian’s comment comes after the United States Capitol in Washington, D.C. Joseph Young · 3 days ago · […]Read More