OTCPK:KRCLF - Post by User
Comment by
MaterialsManon Aug 18, 2023 1:02pm
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Post# 35595129
RE:Another tool for the "Flash Boys'
RE:Another tool for the "Flash Boys'It's very possible that the introduction of derivatives as regards bitcoin could have a dramatic effect on the demand for gold and gold mining stocks in the near future.
Futures trading in bitcoin could in all likelihood diminish its volatility.
If bitcoin begins to trade in a small range, investors may decide that gold once again could be seen as a safer haven. Bitcoin proponents in general say that the sky is the limit in regards to its price.
That may change.
One of the knocks on gold has always been that it provides no yield.
Well, how much yield does bitcoin provide?
Bitcoin ETF's such as BITO and MAXI provide incredible dividends. I have yet to figure out quite how that happens, but they do. At least for now.
Many of the major gold producers pay a dividend along with royalty companies, as high as 5% (B2). Hence a yield from gold.
Many pundits are of the opinion that the crypto craze has cut into investment in gold. Maybe the reverse will evolve.
Since it was announced that Coinbase has been approved to deal in futures, Bitcoin has dropped about 13% (all recent). Can't say that it's because of the approval, but the situation may bear watching.