Published: 2019.02.15. Bitcoin investors return to gold again

Bitcoin investors return to gold again - Preview

During the HYIP around Bitcoin in 2017, many investors in gold began to hastily transfer their capital into cryptocurrency in order to capitalize on its growth. But now there is a reverse trend.

More recently, the price of gold was able to overcome the mark of $ 1,300 per ounce. Since reaching its minimum value in August 2018, the yellow precious metal has been able to grow in price by 11% until today. But in 2017, the main lines of news were occupied by Bitcoin, which has now faded into the background.

Currently, Bitcoin is trading at $ 3,500. Against the background of the growth of gold and silver, investors are again shifting their capital from digital assets to solid. This was told by Jan Van Ek, head of the investment fund Van Eck Associates. In an interview with CNBC, he said the following: “We interviewed 4,000 Bitcoin investors. And now gold is their main investment. It turns out that gold first suffered from Bitcoin, and now the opposite is happening.”