Searches for 'Buy Bitcoin' exceed Google searches for 'Buy Gold', due to the impressive growth that Bitcoin has had this year in terms of value.

For years, if not centuries, Gold has been a very important financial value and has been used as an economic reference, it has even become an important investment item. A very important competitor has emerged, so important that according to Google Trends it has already surpassed it. We are talking about Bitcoin, specifically the term 'Buy Gold' has been surpassed by 'Buy Bitcoin', as the most searched term in Google, among other things, because the profitability offered by Bitcoin is much higher, despite the volatility of this cryptocurrency .

This is due, among other things, that gold has appreciated by 11% this year, while Bitcoin this year has risen 750%, reaching $ 7750 yesterday and immediately afterwards it collapsed, but will rise again, definitely. The New York Times has presented a report in which the Wall Street bigwigs are betting on depositing their money in this cryptocurrency and the number of mutual funds is increasingly focused on the cryptocurrency market, going from 30 to almost 130 funds that operate with cryptocurrencies.

A clear example is the recent announcement by CME Group, the largest investment fund in the world, that last week announced the negotiation with Bitcoin futures, something that gave legitimacy to the currency and caused a rise of $ 1.000 in 48 hours, a rise without precedents. CME Group does not trade BTC yet, because it needs approval from regulators, but it seems to be only a matter of time. The world seems to be starting to move on from the words of JP Morgan CEO Jamie Dimon that Bitcoin is a bubble and a pyramid scam.

Source: Fortune