The real gold market lost on turnover of transactions with Bitcoins
According to the statistics of the London gold market, through the five largest clearing companies that are engaged in servicing transactions with the physical volume of this precious metal, since the beginning of the year, the turnover of transactions in this area amounted to 446 billion dollars.
These companies account for about 70% of the world’s gold turnover, which means that the global volume of transactions amounted to 637 billion dollars.
At the same time, the total volume of transactions with Bitcoin for the same period reached 848 billion dollars, which suggests that investors’ interest in real, over-the-counter transactions with gold is much inferior to their desire to trade cryptocurrency.
By the end of the year, it is expected that the volume of Bitcoin transactions will be at least 1.38 trillion dollars.
