Bitcoin vs Gold... Bitcoin is running out???? 📀
The use of bitcoin and other cryptocurrencies have created a new investment system that, if consolidated and extended globally, could strike a blow to the gold market.
Gold has been used for thousands of years for its characteristics: it is portable, durable, anonymous, divisible, and valued all over the world. And most importantly for many people, gold can not be "printed" by governments like current currencies. Similar reasoning guides users of cryptocurrencies. They are fascinated by the idea of owning money that is not controlled by governments. What increases the price of Bitcoin.
Could cryptocurrencies supplant gold in the minds of those who value privacy, good money and freedom? Time will tell.
The investment of American dollars in both markets, in gold and cryptocurrencies. has surpassed the 1.3 trillion dollars in negotiation in the last 30 days, an amount much higher than the market of cryptocurrencies. In the market of gold futures are present mainly large companies or financial institutions, specialized companies or the money of some governments that for the moment are absent in the market of the crypts. Many will end up entering the crypt ecosystem, as well as investment funds when regulations reach this market.
The crypto market remains open 24 hours a day, 7 days a week. Money never sleeps in the cryptographic world because exchange houses always remain open. In the gold futures market it operates 24 hours a day for 5.5 days a week while the market for the ETF is open only 6.5 hours a day, 5 days a week. Here is a big difference and advantage for electronic coins.
On the other hand, if we look at the search trends in Goolgle, cryptos have been outstripping gold searches, we already know what this implies.
Bitcoin is gaining strength, as Google's trading volumes and search data show, so "whether you like it or not, the players in the gold market and gold investors have a major new competitor in the form of cryptocurrencies.
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The old system that the dollar represents resists and has a very strong but not invincible support that is the power of the state and its allies.
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