ChainCatcher news, according to Jinshi reports, U.S. Senator Cynthia Lummis's previously proposed funding plan for Bitcoin purchases partially relies on the large gold heritage owned by the United States—these gold reserves were left over from the era when the dollar was pegged to precious metals, allowing dollar holders to exchange dollars for gold at a fixed price.Although the dollar has not been convertible to gold since the early 1970s, the Treasury and the Federal Reserve still hold about 8,100 tons of gold. The government values this gold at $42 per ounce, which is far below the current market price of $2,650.Cynthia Lummis hopes the Treasury can reassess this gold at current market prices and use the paper profits to fund Bitcoin purchases without raising taxes or issuing new national debt. However, critics point out that this operation is not a free lunch; it would require the Federal Reserve to cover the difference between the gold certificates held by the Treasury and the new valuation through a combination of printing money and asset sales.Monetary economist George Selgin argues that this operation amounts to a "backdoor loan" from the government, bypassing the regular appropriation process to avoid new debt and obscuring the truth. Lummis's bill relies heavily on gilded magic, and George Selgin said, "What better way to win public support than to make people believe this plan won't cost a dime?"

ChainCatcher news, South African MP Mzwanele Manyi stated, "Bitcoin is rising comprehensively, and it will devalue gold, which is unstoppable."

ChainCatcher message, Robert Kiyosaki, the author of "Rich Dad Poor Dad," posted on X: "The global economic collapse has begun. Europe and the United States are both in recession. Is the Great Depression coming?Use your money wisely. Protect your job and wealth. The biggest problem is our leaders and educators. As I often ask, 'What does school teach you about money?'Regardless of the direction of the economy, gold, silver, and Bitcoin retain their value. For many, an economic collapse is the best time to get rich. I plan to become richer. I also hope you become richer and smarter. Take care."

ChainCatcher news, Sign collaborates with Cypher Capital and RAK DAO to open applications for the SignPass Web3 Entrepreneur Program to global Web3 practitioners. Successful applicants will receive a golden visa issued by the Emirate of Ras Al Khaimah and immigrate to the UAE. The main applicant can directly obtain a 10-year golden visa (with no minimum residency requirement); apply for the same visa for their spouse, unmarried children, and parents; register children to attend international schools; obtain health insurance; and open a personal bank account. Among these, SignPass holders will enjoy special benefits, such as waived application fees and a VIP application experience.Previously, Sign has partnered with the Sierra Leone Immigration Department to launch the first on-chain verifiable physical ID permanent residency card in Africa, and the SignPass system has facilitated hundreds of applicants. In the future, Sign will continue to collaborate with Ras Al Khaimah and various governments to help build an on-chain verifiable identity system and integrate with SignApp, allowing more people to enjoy the conveniences brought by Web3 technology.

ChainCatcher news, spot gold has risen by $5 in the short term, currently reported at $2605 per ounce. (Jin Shi)

ChainCatcher news, BlackRock stated in a report that government bonds are no longer a reliable buffer against sell-offs in risk assets like stocks, and investors should consider using gold and Bitcoin as a supplement to bond investments. Economies are undergoing a transformation that may continue to change long-term economic trends.In the context of rising inflation, bonds may not be able to withstand stock market sell-offs. Bonds no longer reliably diversify the risk of a portfolio across a wide range of potential outcomes and scenarios. This requires us to rethink diversification. Therefore, investors should consider new diversification tools such as gold and Bitcoin, even though they will not replace bonds. (Jin Shi)

ChainCatcher news, Galaxy Digital founder and CEO Mike Novogratz predicts that Bitcoin could surpass gold's market value in 5 to 8 years. He stated that Bitcoin's market momentum and growth rate are accelerating, reaching 14% of gold's market value. This prediction aligns with Bitcoin hitting a new high of $108,000 on December 17, with a current market value of $2.13 trillion, exceeding two-thirds of the global central bank gold reserves.Additionally, the total assets of Bitcoin ETFs have recently surpassed those of gold ETFs, indicating that investor recognition of Bitcoin as "digital gold" is on the rise.

ChainCatcher news, K33 Research Director Vetle Lunde stated, "In the United States, the assets under management of Bitcoin ETFs ($129.3 billion) have surpassed those of gold ETFs ($128.9 billion). Despite having a 20-year head start, gold has now been overtaken."

ChainCatcher news, according to Decrypt, the Bitcoin-to-gold ratio broke its historical high on December 17, reaching 37.3 (calculated by dividing the Bitcoin price by the spot price of gold per ounce), surpassing the previous high of 36.7 set during the bull market in November 2021. QCP Capital pointed out that the rise in this ratio highlights that Bitcoin is gradually surpassing traditional gold, becoming a favored store of value for investors.Data shows that the global Bitcoin ETF assets under management have reached $119 billion, approximately 41% of the size of gold ETFs ($290 billion). Maple Finance CEO Sidney Powell stated that as ETF funds continue to flow in and Bitcoin gradually becomes a standard in balanced investment portfolios, this ratio is expected to rise further.

ChainCatcher news, Glassnode co-founder @Negentropic_ posted on social media, "BTC has closed above $100,000 for the second consecutive week, breaking through the resistance level of $102,000 (now a support level).The next target is $108,000 - $110,000. If Bitcoin retests $102,000 this week, it could be a golden entry point before the next rise."

ChainCatcher news, according to Cointelegraph, as Bitcoin first breaks through the $106,000 mark, while the trading price of spot gold (XAU) is around $2,650, the ratio reaches a new ATH, which is 40 ounces of gold for each Bitcoin.Veteran futures forex trader Peter Brandt emphasized the new historical record of the Bitcoin to gold ratio and is confident that this indicator will continue to grow. He stated, "The next stop is 89 to 1------which means it takes 89 ounces of gold to buy 1 Bitcoin."

ChainCatcher news, economist and gold advocate Peter Schiff posted on X: "Most of the people buying Bitcoin now believe it will make them rich. Most of those who already own Bitcoin refuse to sell because they hold the same belief. The majority of those selling Bitcoin have already become wealthy because they bought Bitcoin years ago and are now cashing out.Many people buying gold actually need it for business. Investors buy gold not to get rich, but to preserve wealth, or at least to maintain the value of their existing assets. So there is a significant difference between the two."Schiff also stated: "Today's Bitcoin price has once again reached a new all-time high. It is very likely that tomorrow we will find out the buyer is Michael Saylor. This seems to be a trend, as this has happened for the past five Mondays."

ChainCatcher news, according to News.bitcoin, Microstrategy (NASDAQ: MSTR) Executive Chairman Michael Saylor shared a chart showing the performance of Microstrategy stock relative to other major investments.Since adopting a Bitcoin strategy on August 10, 2020, the company has achieved an annualized return of 124%, outperforming all major asset classes. Factset data from December 11 shows that Bitcoin achieved a strong annualized return of 64% over the same time period.In comparison, the returns for Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla were 31%, the S&P 500 index was 15%, real estate was 10%, and gold returned 7%. Bonds performed poorly, with a return of negative 5%.

ChainCatcher news, according to Watcher.Guru, Pantera founder Dan Morehead stated in an interview with CNBC that Bitcoin is better than gold, and he suggested that the U.S. government should continue to increase its holdings of Bitcoin.

ChainCatcher news, according to official sources, former Asia-Pacific Executive Directors of Goldman Sachs and Morgan Stanley, Dave Sandor, has officially announced his joining of the ZK-Rollup scaling solution OpenZK Network as a co-founder to expand its business landscape.It is reported that OpenZK is the first Layer 2 solution to integrate native ETH staking, liquidity re-staking, and stablecoin staking, focusing on RWA, stablecoins, and staking sectors, and will soon launch a token airdrop program.