Gold and Bitcoin Likely Going to the Moon Until This Happens, According to Investor Luke Gromen - The Daily Hodl

REGULATION | South African High Court Rules Cryptocurrencies Not Subject to Capital Controls

Last week, South Africa’s High Court ruled that cryptocurrencies are not subject to the country’s exchange control regulations. The International Monetary Fund (IMF) has long warned that individuals in emerging markets often use crypto to bypass capital controls due to its peer-to-peer transferability. The IMF fears this could destabilize such economies through capital flight. However, in this case, the court determined that under South African …

Gold and Bitcoin Shine as Economic Uncertainty Grows

Luke Gromen highlights potential value increases for gold and Bitcoin. US capital controls might weaken the dollar's global appeal. Continue Reading:Gold and Bitcoin Shine as Economic Uncertainty Grows The post Gold and Bitcoin Shine as Economic Uncertainty Grows appeared first on COINTURK NEWS.

Gold and Bitcoin Likely Going to the Moon Until This Happens, According to Investor Luke Gromen - The Daily Hodl

Macro investor Luke Gromen says that gold and Bitcoin (BTC) will likely trend upwards until a critical turning point. In a new interview on the Less Noise More Signal YouTube channel, Gromen says if the US brings in capital controls as a way to sustain its trade war, the dollar’s world reserve status could be severely weakened, pushing capital into gold and Bitcoin. Capital controls refer to the measures taken by a government to regulate the flo…