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.
Yes it is true that bitcoin is gaining more popularity than gold especially few days ago bitcoin was below 60 thousand dollar but after Donald Trump win bitcoin is jumping above 93 thousand dollar where nothing in the world can give so much profit so fast. However, investors who invested in gold may be selling gold and investing in bitcoin because of the high profits in bitcoin. Many gold investors have already shifted to Bitcoin. Be that as it may, because it is not possible to get the same amount of profit from investing in Bitcoin as from investing in gold.