It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.
What do you think could be their reasons;
Bitcoin would give quick returns than Golden? Yes. Then why didn't they invested earlier?
Bitcoin could soon become a legal tender?
Gold won't be as profitable as Bitcoin immediately he is sworn in as president?
Let's discuss to share opinions.
I don't know if gold price is going down, because the last time I check very expensive. I have a friend of mine who bought a gold bracelet and it's less that 10 grams but still very very expensive. For me we shouldn't compare the two, I mean there are old and traditional investors who what we term "gold bug", and so they just invest on gold and nothing more, same with Bitcoin as well. I do not think that Bitcoin will soon become a legal tender even though that Trump won the US election. Again, it depends on how you look at it, Bitcoin is more of a digital gold and so it might be very hard for gold investors to understand that.