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△ CCTV Finance “Punctual Finance” column video
With more than 460,000 topics, the “opened” bitcoins successfully made it into the forefront of Weibo search and became the focus of public attention.
Prior to this, the highest price of Bitcoin was $18,801 set on December 16, 2017. The rise of Bitcoin this year has aroused market attention. Since March hitting a new low of $3783 for the year, the current price of Bitcoin has skyrocketed by more than 450%.
According to Bitstamp data, the cumulative increase of Bitcoin has exceeded 210% year-to-date.
However, while Bitcoin continues to rise and set historical records, gold seems to “fall out of favor”-funds are flowing out of the gold market. World Gold Council data show that in November, global gold ETF holdings fell for the first time in a year, and it was the second highest monthly net outflow in history. At the same time, the price of gold fell during the month, marking its worst monthly performance in four years.
The industry believes that the hot market for digital assets led by Bitcoin has diverted the market’s enthusiasm for gold trading.
However, Bitcoin trading also has its risks. Some organizations have reminded that Bitcoin is characterized by extreme price fluctuations. In the history of less than ten years with data, it has experienced multiple surges and then plummets. In addition, Bitcoin transactions also have certain regulatory risks.
