A SEARCH "BUY BITCOIN" IS MORE GOOGLED THAN "BUY GOLD"
The popularity of bitcoin rises like foam. "Buy bitcoin" has exceeded in Google searches to "Buy gold", like its equivalent in Spanish "Comprar Bitcoin" to "Comprar Oro". This has been confirmed through a review of international trends in the most popular search engine in the world.
According to the data of Google Trends, (an application that does not reflect the number of searches but expresses relative values on a scale of 0 to 100) it is possible to compare the interest over time around the key terms. In this sense, a value of 100 indicates the maximum popularity of a term or keyword and represents the highest point in terms of search levels. Similarly, 50 represents a popularity in half, and 0 a popularity lower than 1%, both compared to the highest value of a chart in a given region and period.
Since then and until today, searches for "Buy bitcoin" are superior in popularity to those of "Buy gold", registering the highest point in search levels between August 27 and September 27. In this way, the average interest over time with respect to bitcoin so far this year is higher than the respective average searches of the precious metal.
Since then and until today, searches for "Buy bitcoin" are superior in popularity to those of "Buy gold", registering the highest point in search levels between August 27 and September 27. In this way, the average interest over time with respect to bitcoin so far this year is higher than the respective average searches of the precious metal.
In addition, from November 5 until today, Google has registered the highest point in levels of English searches linked to bitcoin, signaling 100 interest over time. However, as they indicate in the graph, it is an estimated value that they handle up to the moment of this investigation, since the values are incomplete.
Reviewing the information obtained through Google Trends, the first time we searched for the terms "Buy bitcoin" and compared it with "Buy gold" we will find that the first time Google searches were registered was in May 2011. On that occasion, there was an interest over time of 44 for searches related to "Buy gold".
Since then, in both cases (English and Spanish Searches), the popularity of the theme has been gaining strength, reaching its maximum values this year.
To all the above, it can be added that the current value of 1 BTC according to CoinMarketCap equals 5.8 ounces of gold (according to Goldprice.org.es website gold is quoted around $ 1,284) approximately.
It should be noted that gold has been used for a long time as a speculative value against the dollar, inflation, economic crises and interest rates. There are those who point to gold as the refuge value par excellence, as for example, the president of the Spanish Association of Precious Metals of Investment. In addition, gold is the asset in which several countries in the world protect their reserves, highlighting the fact that the International Monetary Fund is one of the most concentrated gold, although it has sold part of such reserves in a limited way to increase its capacity. of granting credits to countries.
In this sense, there are diverse opinions about gold and Bitcoin. For the Apple co-founder, Bitcoin is better than gold, for New York University finance professor Aswath Damodaran, considered the Dean of Wall Street Valuation, cryptocurrencies are generally taking on the role of gold since the current generation prefers to buy these digital assets than grams of the precious metal.
On the other hand, investor Jhon Hathaway has pointed to cryptocurrencies as garbage. Even the gold industry is dabbling in the use of blockchain technology (technology that supports all cryptoactives) to optimize its processes. You can also highlight the fact that a house selling gold announced that it will accept Bitcoin as payment method.
It highlights the fact that Bitcoin development is still ongoing and prices are very volatile. For this reason, it is a matter of personal decision, based on a rich prior investigation, to choose gold or Bitcoin to shelter your capital or to invest.
What should you do? I'm not a financial advisor but I think you should invest. I even plan to invest more in bitcoin in the long term.