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.
Gold is included in the assets that are bought when everything is bad in the world. Now everything is not so bad, and we see that Bitcoin is updating its new highs in price. This means that people are not trading with their last money, but are ready to invest in high-risk assets, such as altcoins. And I think that cryptocurrencies in general do not believe in gold, because we will all earn faster in cryptocurrencies, there are dozens of ways to do this. And gold, for example, in my country is sold with an incredible spread, which makes its short-term purchase an unprofitable investment.