LONDON, 24 January 2018 – This week's sharp price-drop in Bitcoin coincided with a surge of gold trading on BullionVault, says Japan’s leading financial newspaper, the Nikkei, today.
Gold trading volumes on the internet exchange almost doubled on Tuesday from the previous 30 days' average, the paper reports, exceeding 74 kilograms costing ¥352 million.
The Nikkei goes on to cite analysis of internet search data from BullionVault showing that "buy bitcoin" overtook "buy gold" for the first time ever at the end of 2017.
But now, because of the growing difficulty around trading Bitcoin, some investors who bought the crypto-currency are returning to traditional assets such as gold and equities, the newspaper claims.
Nikkei subscribers will find the story, in Japanese, here:
As Bitcoin's volatility makes trading it difficult, private investors are going back to gold
