Gold, Bitcoin, and Crypto

John D. Kiambuthi
2 min readMay 5, 2023

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Hitting Record Highs, Seizing Crypto Accounts, and Cashing in on the Boom

Investing can be a rollercoaster ride, and the past few weeks have been no exception. From gold prices hitting record highs to Bitcoin soaring, there’s been no shortage of excitement.

First, let’s talk about gold. The precious metal has been on a tear lately, hitting record highs as the Federal Reserve signals a potential pause in interest rate hikes. It’s a great time for gold bugs, but not so great for those who prefer other investments.

But gold isn’t the only thing that’s been soaring. Bitcoin has been on a tear as well, thanks to fears about US banking and the ever-growing popularity of cryptocurrencies. Argo Blockchain, a UK-based mining company, has been cashing in on the Bitcoin boom, mining 144 Bitcoins in May alone and increasing their revenues in the process.

It’s not just Bitcoin that’s enjoying a post-Fed boost, either. Ethereum, another popular cryptocurrency, has also seen a surge in value. If you’re thinking about investing in the crypto market, now might be a good time to jump in.

Of course, there are always risks involved in investing, especially when it comes to the cryptocurrency market. Recently, it was revealed that Israeli authorities seized Binance crypto accounts to thwart Islamic State funding. While this might seem like an isolated incident, it’s a reminder that there are always risks involved in investing, no matter what the market.

All of this is to say that investing can be a wild ride, but it’s not without its rewards. Whether you prefer gold, Bitcoin, or something else entirely, there’s always an opportunity to make some money (or lose some, but let’s stay positive here).

In the end, the key to successful investing is to stay informed, keep an eye on the markets, and be ready to jump on opportunities when they arise. And hey, if all else fails, at least you’ll have some good stories to tell about the time you tried to make it big in the investing world.

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John D. Kiambuthi
John D. Kiambuthi

Written by John D. Kiambuthi

Corporate Finance & Securities Analyst stuck between a bull and a bear. Finding balance between risk & reward in a chaotic market. Humorous approach to finance.

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