People Are Lining Up To Buy Gold – Is Bitcoin Losing Retail Demand?

Global Gold Frenzy. Photo by BeInCrypto It’s not the new iPhone causing lines around city blocks this week, but gold. From Singapore to Sydney, and even Vietnam, crowds of retail buyers are queuing outside bullion shops to purchase physical gold and silver, many arriving before sunrise. As bullion prices hit record highs and gold’s total market capitalization surpasses $30 trillion, investors appear caught in a frenzy that analysts say could mark the asset’s “macro top.” Meanwhile, Bitcoin proponents ask ...