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.
Right now whoever is buying Bitcoin is a victim of FOMO. When the bear season hits, these are the people who are going to cry out loud and spread misinformation about Bitcoin. We have seen this trend during every bear season. So Bitcoin is a super volatile asset.
Gold is very different. The volatility of gold is much less compared to many other assets. So people who likes to avoid risks, usually invests in Gold.
I don't think it's correct to compare these two assets at all! These assets cater to different types of investors.