Brazil’s Bitcoin Trade Grows Exceeding Gold, Its Banks Test Out Blockchain
Over the first six months of 2016, Bitcoin trading volumes in Brazil surpassed that of gold on the Brazilian Securities, Commodities, and Futures Exchange by around 7 percent. While gold has a track record that shouldn’t be underestimated, it also can’t be ignored that Bitcoin exceeding that of gold is seen as an historic moment given the fact that it has only be trading for seven years. Speaking to CoinTelegraph, author of ‘Bitcoin – money in the digital age’ and founder of the blog “Money in the Digital Age” on Brazil’s largest financial news site, InfoMoney, Fernando Ulrich, said that....
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The bitcoin trade in Brazil has surpassed that of gold by over 7 percent. Which is a better investment and trading option, gold or bitcoin? The Brazilians like many other countries seem to prefer the latter. The digital currency trading volumes in Brazil has exceeded that of gold in the past six months. According to reports, the total trade volumes of bitcoin on Brazilian cryptocurrency exchanges has surpassed the gold spot trading activity on Brazilian Securities, Commodities and Futures Exchange by about 7 percent. The trade volumes were calculated from the beginning of this year till....
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