The real gold market lost on turnover of transactions with BitcoinsAccording to the statistics of the London gold market, through the five largest clearing companies that are engaged in servicing transactions with the physical volume of this precious metal, since the beginning of the year, the turnover of transactions in this area amounted to 446 billion dollars.
These companies account for about 70% of the world's gold turnover, which means that the global volume of transactions amounted to 637 billion dollars.
At the same time, the total volume of transactions with Bitcoin for the same period reached 848 billion dollars, which suggests that investors' interest in real, over-the-counter transactions with gold is much inferior to their desire to trade cryptocurrency.
By the end of the year, it is expected that the volume of Bitcoin transactions will be at least 1.38 trillion dollars.
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That is very good to hear I hope atleast 20%-30% of market cap of gold goes to crypto market and for sure all of us will be so much happy but for me holding gold and cryptocurrencies are very wise move because soon in the future fiat will don't have any value in this planet.