Bitcoin rally is eroding gold’s appeal, top online vaulter says - News Summed Up

Bitcoin rally is eroding gold’s appeal, top online vaulter says


According to Google Trends, searches for “buy bitcoin” have overtaken “buy gold” after previously exceeding searches for how to purchase silver. Photo: AFPLondon: Add bitcoin to the list of things denting gold’s appeal. Now, bitcoin’s surge is attracting investor interest toward the cryptocurrency and away from the metal, the biggest online vaulting service said. According to Google Trends, searches for “buy bitcoin” have overtaken “buy gold” after previously exceeding searches for how to purchase silver. Bitcoin jumped more than sevenfold this year and more than 13 times the advance of the best-performing commodity tracked by Bloomberg.


Source: Mint November 07, 2017 12:11 UTC



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