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- One impressive supporter of Gold and a stockbroker, Peter Schiff pass out a huge interest in purchasing Gold among the public than the master currency Bitcoin, quoting data from Google Trends.
- Per Google Trends, the interest of Bitcoin buyers has eventually declined. Schiff noted that the interest in purchasing Gold has been on the rise.
- The interest in selling Bitcoin is dropping whereas the selling of Gold is a matter of high interest in the public.
With the current global pandemic situation, the comparison between Bitcoin and Gold as the best assets to buy during the press market breakdown seems endless as the speculators continue to share their opinions on this issue.
Schiff’s opinion on Gold vs Bitcoin
One impressive supporter of Gold and a stockbroker, Peter Schiff pass out a huge interest in purchasing Gold among the public than the master currency Bitcoin, quoting data from Google Trends.
As per Schiff’s recent tweet, his interest in buying Bitcoin and Gold rose recently, however, the interest pertaining to buy cryptocurrency reached a steady level and started to decline.
Interest in buying both #gold and #Bitcoin rose recently. But it seems that interest in buying gold is continuing to rise, while interest in buying Bitcoin has already plateaued, and is now waning. pic.twitter.com/W8CRByiW6c
— Peter Schiff (@PeterSchiff) March 26, 2020
Per Google Trends, the interest of Bitcoin buyers has eventually declined. Schiff noted that the interest in purchasing Gold has been on the rise. Recently, he argued pointing the media coverage on why people are purchasing Gold is wrong.
He stated that Gold is neither a scary investment nor a hedge against the stock market. However, it is the best way for investors to protect their purchasing power when central banks are determined on destroying it by printing paper money.
The media coverage, what little there is, of why people are buying gold, is wrong. #Gold isn't a fear trade, or a hedge against the stock market. It's the best way for savers to protect their purchasing power when central banks are intent on destroying it by printing paper money.
— Peter Schiff (@PeterSchiff) March 25, 2020
Google Trends: Bitcoin Vs Gold
While going through the Google Trends researches which depicts that people are more interested in holding the cryptocurrency as per current market scenario than Gold. The interest in selling Bitcoin is dropping whereas the selling of Gold is a matter of high interest in the public.
With this figure, it is easy to assume that Gold is showing higher buying interest than the cryptocurrency and on the other hand, Bitcoin has less selling interest which means that it is possible the most held assets by strong hands.
