12 min
#FinancialFox Week in Review: Gold & BTC Price Surge, Covid impact on Advertisements, OBC & AST Cassiopeia Services: Invest~Talks
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- Investing
In this week of FinancialFox Week In Review, Stefania Barbaglio discusses the impressive run of Gold as prices reach $2,000 an ounce mark and analysts expect the prices to further go up to $3,500 within two years. Gold is on a bullish trend, and this can be attributed to the current market volatility, impact of coronavirus & weaker fiat currencies. Investors are looking to differentiate their portfolio with safe-haven assets, and Gold is on the top list. A similar bull run is happening with another asset: *BITCOIN* / *BTC*. Whether it can be considered a safe-haven asset or not, it is still open to discussions but the matter of the fact being that bitcoin reached it's 2020 high at $11,500 high with expectations to surpass $12,500- the highest in July 2019. Steffy also mentions the reasons why she thinks investors should look at cryptocurrencies: follow people like Robert Breedlove to learn more about Bitcoin, learn how to trade crypto from exchanges such as Coinbase & Binance.
Next topic is the advertising industry, heavily impacted by the Covid-19 pandemic. Companies seize their marketing budgets which result in a decline in revenue for the US big techs: Google's parent company Alphabet reported a loss in revenue for the very first time; Twitter reported a 25% slump in revenue, looking at a subscription-base model to diversify its revenue stream & capitalise on the record growth in user base.
One junior London-listed company to mention is the blockchain research and development group Online Blockchain PLC (LON:OBC), the sister company of the global financial news platform ADVFN. OBC launched a new product for beta testing on 27 July called PTC.Network, offering distributed advertisements through paid-to-click advertising websites. The new feature attracted over 90k new user visits within 24 hrs. Steffy mentions how offering rewards is an integral and pivotal element in the crypto & blockchain community, and it is unique to PTC.Network model. Do check it out and keep on the radar.
Lastly, Stefania mentions London-listed energy and natural resources company Ascent Resources Plc (LON: AST). Ahead of the initiation of its Cuba Operations, AST announces critical board appointments including well-known broker and market commentator Malcolm Graham-Wood. Do have a look! UPCOMING INTERVIEW: Food Security & traceability: Tracing Beef from farm to table with @IOHK, @Cardano Foundation & Beefchain executives. Follow Steffy: https://twitter.com/stefixy
In this week of FinancialFox Week In Review, Stefania Barbaglio discusses the impressive run of Gold as prices reach $2,000 an ounce mark and analysts expect the prices to further go up to $3,500 within two years. Gold is on a bullish trend, and this can be attributed to the current market volatility, impact of coronavirus & weaker fiat currencies. Investors are looking to differentiate their portfolio with safe-haven assets, and Gold is on the top list. A similar bull run is happening with another asset: *BITCOIN* / *BTC*. Whether it can be considered a safe-haven asset or not, it is still open to discussions but the matter of the fact being that bitcoin reached it's 2020 high at $11,500 high with expectations to surpass $12,500- the highest in July 2019. Steffy also mentions the reasons why she thinks investors should look at cryptocurrencies: follow people like Robert Breedlove to learn more about Bitcoin, learn how to trade crypto from exchanges such as Coinbase & Binance.
Next topic is the advertising industry, heavily impacted by the Covid-19 pandemic. Companies seize their marketing budgets which result in a decline in revenue for the US big techs: Google's parent company Alphabet reported a loss in revenue for the very first time; Twitter reported a 25% slump in revenue, looking at a subscription-base model to diversify its revenue stream & capitalise on the record growth in user base.
One junior London-listed company to mention is the blockchain research and development group Online Blockchain PLC (LON:OBC), the sister company of the global financial news platform ADVFN. OBC launched a new product for beta testing on 27 July called PTC.Network, offering distributed advertisements through paid-to-click advertising websites. The new feature attracted over 90k new user visits within 24 hrs. Steffy mentions how offering rewards is an integral and pivotal element in the crypto & blockchain community, and it is unique to PTC.Network model. Do check it out and keep on the radar.
Lastly, Stefania mentions London-listed energy and natural resources company Ascent Resources Plc (LON: AST). Ahead of the initiation of its Cuba Operations, AST announces critical board appointments including well-known broker and market commentator Malcolm Graham-Wood. Do have a look! UPCOMING INTERVIEW: Food Security & traceability: Tracing Beef from farm to table with @IOHK, @Cardano Foundation & Beefchain executives. Follow Steffy: https://twitter.com/stefixy
12 min