Bitcoin News Roundup for Dec. 14, 2020
With BTC back up above $19K and the upcoming digital yuan not looking to "replace existing currencies," CoinDesk's Market's Daily is back with another crypto news roundup. This episode is sponsored by Crypto.com and Nexo.io. Today's stories: Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts Bitcoin's revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts. MassMutual's $100M Bitcoin Investment Marks Adoption Milestone: JPMorgan JPMorgan analysts said MassMutual's recent $100 million bitcoin purchases are a sign of growing mainstream acceptance for the cryptocurrency. Bitcoin's Relationship With Gold Is More Complicated Than It Looks Just because gold is losing momentum and bitcoin is gaining it doesn't mean investors are selling gold to buy bitcoin – not yet, anyway. Ex-People's Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies "We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.
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Show Notes
With BTC back up above $19K and the upcoming digital yuan not looking to "replace existing currencies," CoinDesk's Market's Daily is back with another crypto news roundup.
This episode is sponsored by Crypto.com and Nexo.io.
Today's stories:
Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts
Bitcoin's revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts.
MassMutual's $100M Bitcoin Investment Marks Adoption Milestone: JPMorgan
JPMorgan analysts said MassMutual's recent $100 million bitcoin purchases are a sign of growing mainstream acceptance for the cryptocurrency.
Bitcoin's Relationship With Gold Is More Complicated Than It Looks
Just because gold is losing momentum and bitcoin is gaining it doesn't mean investors are selling gold to buy bitcoin – not yet, anyway.
Ex-People's Bank Chief Says Digital Yuan Not Planned to Replace Global Currencies
"We are not like Libra and we don’t have an ambition to replace existing currencies,” said a former governor of the People's Bank of China.