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.
Because this investors heard trump saying something about making US the biggest Bitcoin reserve in the future. For a country like US making Bitcoin a legal tender isn't going to be just easy especially for a currency they cannot really have full control over because it's decentralized meanwhile US will love to be in charge so they don't get any form of threat from that end as sometimes it's been alleged that cryptocurrencies has been used for terrorism financing so it will take a whole lot to get that in place but the value of both Bitcoin and Gold will stabilize at something point.