Quote from: Saidmod on August 29, 2017, 02:06:04 PM

Quote from: tyz on August 29, 2017, 01:23:56 PM

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

That was a very big news for bitcoins as it may declare a big demand in price if VanEck invested a big amount of money on it. Precious metals are still good going and it is more valuable and have a good price right now.
Every single business person when they know the bitcoins they will don't hesitate to put a money on it.

Well it's a better diversions of assets from physical to digital and it really brought wider market of bitcoins all over the world. The demand took a lot of interest form people who gained massive influence as it come to a point that bitcoin's value defeated Gold so far, so more business minded people choose bitcoin as their primary investment nowadays. As we all know Gold is very popular at mid 80's but the price declined due to supply and demand loses because of lot's of alternatives like synthetic materials, mainly silver and bronze.