Switzerland's fourth largest bank, Zurich Cantonal Bank, has | Crypto De Nostradame على Binance Square

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Switzerland's fourth largest bank, Zurich Cantonal Bank, has started trading #Bitcoin and #Ethereum.

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Robert Kiyosaki has put an end to the debate of “Bitcoin or gold?” Intense debates have been going on for years in the financial world about which is the better investment option between gold and #Bitcoin (BTC). In this context, famous investor Robert Kiyosaki also shared his views. Kiyosaki, author of the best-selling personal finance book “Rich Dad Poor Dad,” expressed his disappointment in these debates in his X post on September 13. Kiyosaki pointed out that instead of focusing on which asset performs better in the market or offers more advanced technological innovation, what really matters is the ownership of the assets. “Why do we constantly argue about which asset is better? Gold or Bitcoin? I think what really matters is the amount of gold and Bitcoin you have.” This debate between #Bitcoin and gold is shaped around the role of both assets in financial markets. Bitcoin is called “digital gold” by some because it has similar characteristics to precious metals due to its scarcity. However, due to Bitcoin’s historically high volatility, it is widely believed that using it as a store of value is risky. Whether cryptocurrencies can protect investors during economic uncertainties is still unclear. On the other hand, while gold has been considered a stable store of value for many years, Bitcoin has not even completed a quarter of a century yet. According to data shared by a crypto analyst with the pseudonym TheDustyBC on September 13, there is a strong positive relationship between Bitcoin and gold prices. The data provided by CryptoQuant shows the relationship between the two assets fluctuating over time; the correlation coefficient has both positive and negative values. However, it is observed that this correlation is approaching 0.6 levels and is on an upward trend as of 2024.

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Bitcoin winks at the bull run: “This time it’s different” Commenting on #Bitcoin (BTC) reaching $60,000 for the first time in two weeks, the crypto analyst predicted that the rise will continue. The cryptocurrency market entered an eventful weekend. Altcoins recovered on Friday with BTC rising by over 4 percent. Although BTC’s rise was considered as a pre-pricing of the Fed’s interest rate decision next week, the analyst argued that the rise would be permanent. Crypto expert Rajat Soni commented in his X post dated September 13, “This time it’s different.” Rajat Soni, who explained that Bitcoin has been consolidating above $50,000 for more than six months, published a remarkable analysis. $BTC last rose above $50,000 in 2021, and during that period, the asset was mostly shown interest by individual investors. Evaluating historical data, Soni stated that the #BTC price had difficulty maintaining $ 50,000 due to individual investors who bought and sold based on emotions. “Institutional investors are ready to buy everything individual investors want to sell,” Soni said, and concluded his words by saying, “If you are selling, be prepared to pay much more to get the same amount back.” The analyst argued that the increasing interest from institutional participants was greater than in 2021. Trader Jelle suggested that #BTC could defy the downward trend in September. Noting that there were only three green closes in September, Jelle commented, “#Bitcoin is currently on track to close September in green.” Michaël van de Poppe reported in his X post dated September 12 that the BTC price remained below its potential and should reach $ 300,000.

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