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#BTC #MarketPullback #EarnFreeCrypto2024 #BuyTheDip According to BlockBeats, Elon Musk expressed criticism of the U.S. government's efficiency during a closed-door session at the Milken Institute Global Conference. Musk proposed the use of artificial intelligence to replace certain civil service functions. During an extensive conversation with financier Michael Milken, Musk also discussed the latest developments in his companies Neuralink and SpaceX.
#BTC #MarketPullback #EarnFreeCrypto2024 #BuyTheDip According to BlockBeats, Elon Musk expressed criticism of the U.S. government's efficiency during a closed-door session at the Milken Institute Global Conference. Musk proposed the use of artificial intelligence to replace certain civil service functions. During an extensive conversation with financier Michael Milken, Musk also discussed the latest developments in his companies Neuralink and SpaceX.
Aslamualikum #BinanceAlphaAlert According to BlockBeats, Fidelity's Global Macro Director Jurrien Timmer has analyzed the dynamic relationship between Bitcoin and gold, suggesting that Bitcoin might soon outperform gold. Using data from Fidelity Management & Research Company and Bloomberg, Timmer examined the changing trends in the Sharpe ratios of these two assets, which measure risk-adjusted returns. He noted that their relative performance might be at a turning point. Timmer highlighted the negative correlation between gold and Bitcoin, observing that their Sharpe ratios have alternated in leading positions recently. He commented, "It seems Bitcoin might take the lead next, as its Sharpe ratio is currently -0.40, compared to gold's 1.33. We may witness a shift from gold to Bitcoin." The shared data indicated that gold's recent return was $22.51, while Bitcoin's was $13.22. Gold's return was magnified fourfold to reflect its lower volatility, whereas Bitcoin's return remained unadjusted. Timmer also discussed the psychological and behavioral aspects of investing in Bitcoin, describing its volatility and unpredictability as inherent traits. He likened Bitcoin to having a "Dr. Jekyll and Mr. Hyde" dual personality. According to Timmer, #AppleCryptoUpdate Bitcoin performs best when both the money supply (M2) and stock market are expanding, due to its dual appeal as a speculative asset and a store of value. In contrast, he noted that gold offers more stability with its singular attribute. Timmer acknowledged Bitcoin's legitimacy in the current monetary landscape, calling it a "modern invention aspiring to be hard currency in an era of loose monetary policy."#BTCRebound
Aslamualikum #BinanceAlphaAlert According to BlockBeats, Fidelity's Global Macro Director Jurrien Timmer has analyzed the dynamic relationship between Bitcoin and gold, suggesting that Bitcoin might soon outperform gold. Using data from Fidelity Management & Research Company and Bloomberg, Timmer examined the changing trends in the Sharpe ratios of these two assets, which measure risk-adjusted returns. He noted that their relative performance might be at a turning point.
Timmer highlighted the negative correlation between gold and Bitcoin, observing that their Sharpe ratios have alternated in leading positions recently. He commented, "It seems Bitcoin might take the lead next, as its Sharpe ratio is currently -0.40, compared to gold's 1.33. We may witness a shift from gold to Bitcoin."
The shared data indicated that gold's recent return was $22.51, while Bitcoin's was $13.22. Gold's return was magnified fourfold to reflect its lower volatility, whereas Bitcoin's return remained unadjusted.
Timmer also discussed the psychological and behavioral aspects of investing in Bitcoin, describing its volatility and unpredictability as inherent traits. He likened Bitcoin to having a "Dr. Jekyll and Mr. Hyde" dual personality. According to Timmer, #AppleCryptoUpdate Bitcoin performs best when both the money supply (M2) and stock market are expanding, due to its dual appeal as a speculative asset and a store of value. In contrast, he noted that gold offers more stability with its singular attribute. Timmer acknowledged Bitcoin's legitimacy in the current monetary landscape, calling it a "modern invention aspiring to be hard currency in an era of loose monetary policy."#BTCRebound
#Vaulta Rebranding and Token Swap: EOS Network is rebranding to Vaulta, with a token swap planned for the end of May 2025. EOS token holders will exchange their tokens for the new Vaulta tokens. Details regarding the swap ratio and process will be announced by the Vaulta team. Web3 Banking Focus: Vaulta aims to redefine banking by offering services like wealth management, consumer payments, portfolio investment, and insurance through decentralized technologies. Integration with exSat: Vaulta integrates with exSat to transform Bitcoin into a yield-generating asset within the Web3 banking ecosystem, enhancing Bitcoin's utility and liquidity.#Trump100Days Strategic Partnerships: Vaulta has partnered with VirgoPay to power cross-border stablecoin payments, aiming to provide fast, low-cost international transactions. Banking Advisory Council: To navigate the complexities of Web3 banking, #Vaulta is establishing a Banking Advisory Council comprising experts in banking
#Vaulta Rebranding and Token Swap: EOS Network is rebranding to Vaulta, with a token swap planned for the end of May 2025. EOS token holders will exchange their tokens for the new Vaulta tokens. Details regarding the swap ratio and process will be announced by the Vaulta team.
Web3 Banking Focus: Vaulta aims to redefine banking by offering services like wealth management, consumer payments, portfolio investment, and insurance through decentralized technologies.
Integration with exSat: Vaulta integrates with exSat to transform Bitcoin into a yield-generating asset within the Web3 banking ecosystem, enhancing Bitcoin's utility and liquidity.#Trump100Days
Strategic Partnerships: Vaulta has partnered with VirgoPay to power cross-border stablecoin payments, aiming to provide fast, low-cost international transactions.
Banking Advisory Council: To navigate the complexities of Web3 banking, #Vaulta is establishing a Banking Advisory Council comprising experts in banking
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