Bank of America: Bitcoin Trading Volume Surpassed That of Gold ETF - Coinjournal
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In their latest report, Bank Of America revealed that the trading volume of Bitcoin has surpassed that of GLD, the biggest gold ETF in the market. Bitcoin market cap as a percent of gold in circulation = 0.114%. - Barry Silbert May 28, 2016. While Bank of America and its analysts were reluctant to predict the short term price of bitcoin in their report, they noted that the daily trading volume of has surpassed that of GLD:. "It is hard to ignore that trading volumes for major digital currencies like bitcoin and ethereum have skyrocketed in recent years. For example, daily trading volumes for bitcoin were $400 million in 2012 and have now moved up to about $2 billion a day at present,". The daily trading volume of the market hit a high of $5.2 billion on the 13th of June as the demand for bitcoin and ethereum skyrocketed. A chart provided by BoA and published by Zerohedge further revealed that the trading volume of GLD, the largest gold ETF, was significantly higher than that of bitcoin less than 8 months ago, maintaining a relatively high volume of daily trading throughout January 2014 to December 2016. During December of 2016, the trading volume of bitcoin took over that of GLD, as the demand towards gold decreased but interest in bitcoin surged.
But the latest Bank of America survey of fund-managers may spill cold water on Bitcoin’s bullish aspects. The study did not mention the cryptocurrency but sought opinions on an asset that rose higher this year amid the same fundamentals that sent the Bitcoin price rallying. The post US Dollar Slump Incoming: Bank of America Sees ‘Death Cross’ as Confidence in Gold Rises appeared first on Bitcoin News. Continue Reading . Smoke and Mirrors as Mainstream Banks Discourage Clients From Crypto . May 19, 2020 . Bank of The image uploaded to Reddit has started an intense debate in the crypto community. The letter of the Bank of America shows a change in the terms and conditions for the Bank of America credit card. According to the letter, all transactions related to Bitcoin, Ethereum, Litecoin and other cryptocurrencies could be treated as “cash advance”.. In other words, the Bank of America may consider A Bank of America patent awarded Tuesday describes how an enterprise-level institution may store cryptocurrencies for customers. Bank of America Patent Details How Enterprises Could Store Crypto | www.bitcoin-trader.org In recent months, major financial institutions have warmed to Bitcoin, increasing coverage and providing increasingly positive information. In their latest report, Bank Of America revealed that the trading volume of Bitcoin has surpassed that of GLD, the biggest gold ETF in the market.
Bitcoin is Almost as Big as Bank of America News All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America's market valuation. How easy it is to Deposit money into the Bank of America ATM - Duration: ... Bitcoin of America 77,382 views. ... Bitcoin Trading for Beginners ... Bank of America has JUST updated their bitcoin and cryptocurrency policy for July 2020! Plus, what are the risks of DeFi Ethereum lending according to Andrea... Start earning Bitcoins today! Note: I am not a licensed financial adviser so please do your own research. No income is guaranteed with Trading or any investments I mention. Bitcoin's current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America's market cap holding slightly over $226 billion ...