Gold gets displaced by bitcoins

A raising number of investors are moving to the cryptocurrency

The upward trend of Bitcoin, the first cryptocurrency launched on the market, has shaken gold on its throne as a global benchmark for thousands of transactions.

The precious metal was the main reference for the big investors in the five continents. However, it has registered a slight stagnation in its price, which has taken it to the background, propping up Bitcoin as a currency for various niches.

In this regard, representatives of the World Gold Commission have spoken, for whom there is no rivalry between this metal and cryptocurrency. Its report at the beginning of the year establishes the difference between the two and states that gold is less volatile, has a more liquid market and has a regulatory framework for negotiations. This, certainly, guarantees greater security to those who invest in gold.


Source: Cripto Tendnecia

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