According to JP Morgan BTC has affected Gold market and increase in popularity of Cryptocurrencies will impact Gold market.
What you guys think about that?
Courtesy- Financial Express
Because of the increase of the popularity of Bitcoin in the recent month, Bitcoin really affect the gold marketWhat you guys think about that?
Courtesy- Financial Express
Companies and investor are starting to invest some in Bitcoin instead of going all-in on gold because BTC is kinda new and fresh
some people invest in gold for Wealth protection and financial exchange and bitcoin is better in these terms
The investor already discover it and will try it for now until they trust and feel secured
in the past few months it only affects a little, but in the long term when investor start to trust bitcoin
it might really affect the gold market big time