Are investors selling gold to buy bitcoin?
Gold’s shine in recent weeks have dropped a lot , but the cryptocurrency specially Bitcoin is no substitute for the precious metal. Gold futures fell this month to their lowest level since July, settling at $1,241.70 on Dec. 12, on the heels of a rally in global stock markets and the meteoric rise in bitcoin, which some analysts say has damped demand for gold.
there may some people , who are selling gold.
There is no doubt that you have risen again, they all rise as soon as possible.