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.
How old is Bitcoin and how Old is Gold? That's the question. Bitcoin is less than a 2 decade old and Gold is many times decades years back as I can remember. The thing is every market has its time, Bitcoin isn't Gold and Gold isn't Bitcoin, they are two separate entities both looking for expansion, while Gold is regulated Bitcoin isn't and it's decentralize. If Gold is to be what Bitcoin is today, it will be bigger than where it's right now but it has been all about centralization.
I am happy that Bitcoin is flying in colour's, the price is making everyone happy and looking what lies ahead of this new coming government but I'm already seeing skme red flags. Russia is trying to make regulations around taxes to be 15% and I'm sure more people will roll out more of this. Government are very smart, it's when Bitcoin is doing well you will see them making some moves just to eat from where they never sow.