BTC - Looks like Bitcoin isn't the first choice during these difficult times...
People are suddenly becoming interested in a store of value again, but bitcoin isn't their first choice
The chart below shows the google trends for gold, silver and bitcoin.
It's from the beginning of this year, until now:
(Source: https://twitter.com/Panama_TJ/status/1241416550755840000/photo/1
Bitcoin was the briefly outlier there for a bit as many people searched for it, but it has since fallen back to earth.
What this chart isn't really showing is what has been happening just in the past week or so...
In the past week, people have been searching for "buy gold" much more so than they are searching for "buy bitcoin".
I'm not sure about you, but that is pretty surprising to me.
Peter Schiff must be beside himself thinking that people are actually searching for ways to buy gold...
Either that or it is Peter himself gaming the search results so that he can use that as another way to bash bitcoin.
At this point, I would actually bet on the latter.
Stay informed my friends.
-Doc
At least gold had less volatility than bitcoin and have a long track record.
Bitcoin is too much like FIAT and banks, high fees...