Google search shows that the gold rush is over people to buy bitcoin more frequently
Currently bitcoin prices in peak condition, and Google search trend shows bitcoin search times more than the precious metal gold looks for the first time, the peak has passed. Bloomberg News reported today, Google search for the word “buy bitcoin” now than “buy gold” is more frequent, this year an ounce of gold for the first time below a value of bitcoin value, this is more of the old gold precious metals injury and insult.
The British BullionVault research director Adrian Ash (AdrianAsh) said: with the U.S. stock market hit a record high, the price of gold down is not surprising. Some investors have been bitcoin and other encryption currency speculation distracted. Look at the 2017 golden profit, bitcoin is clearly more suitable for investment, the mainstream financial commentators also publicly reiterated this point.
Ash added that the October BullionVault gold trading volume decreased by 30% compared with the same period last year. At the beginning of September, the price of gold fell 6% from a year high. At the same time, the precious metals industry is the back door using the block chain technology innovation. Cointelegraph reported at the weekend, the Royal Mint (RoyalMint) using the block chain (Blockchain) gold tracking system successfully tested, before a public release has been verified in 50000 blocks.