While Bitcoin reaches its highest point, gold seems scarce in Google's search trends, as for the first time the cryptocurrency outnumbers precious metal in Latin America
The change in trends was recorded at the end of April, when Bitcoin reached $ 304, while gold remained at $ 268.28 an ounce. The difference was minimal in the quote.
Subsequently, in July, the search for the purchase of gold recovered a bit but the cryptocurrency reached a new historical high of 2 thousand 886.70 dollars against the one thousand 269 dollars of gold.
Although the trend in searches is not the same according to the region. Mexico, Peru, Argentina and Chile maintain their preference for gold; while Brazil, Venezuela, Colombia, Ecuador, Bolivia and Paraguay Bitcoin is the most requested.
Gold vs. Bitcoin today
Until the publication of this note, the ounce of gold was maintained at $ 280.91 and the unit of Bitcoin is at 7 thousand 247. 22 dollars.
The cryptocurrency seems unstoppable, but analyst have warned that it is a 'bubble' that burst would represent millionaire losses for investors.
Meanwhile, the precious metals industry in the world is gaining innovation from the Blockchain technology. Cointelegraph reported on the weekend of how Royal Mint of the United Kingdom had successfully tested a gold tracking system using Blockchain, with 50,000 blocks already verified before its public release.