The cost of trading in gold is higher than that of bitcoins because you have to pay for storage.
The profitability of bitcoin trading is higher and I think Brazilians are starting to see the profit margin and gradually moving away from gold.
Topic: [2016-07-13] Bitcoin Trading Volume In Brazil Surpasses Gold Volumes (Read 369 times)
July 14, 2016, 02:50:52 AM
I am happy for Brazil.
Volume increasing at BitValor is a good sign.
Good news, thanks for sharing!
Volume increasing at BitValor is a good sign.
Good news, thanks for sharing!
July 13, 2016, 06:51:37 AM
Bitcoin is gaining in popularity all over the world, and Brazil is no exception to this trend. BitValor, a website tracking the Bitcoin trading volume in the whole country, there is a significant trading volume increase compared to all of 2015. Albeit 2015 was successful, exchanges had reported a R$113m trading volume over the course of twelve months. The year 2016 is a 45% increase in numbers, and we are only halfway the 12-month period. Moreover, the first semester of 2016 saw a Bitcoin trading volume equal to the previous three years combined across all Brazilian exchanges.
http://www.livebitcoinnews.com/bitcoin-trading-volume-in-brazil-surpasses-gold-volumes/
http://www.livebitcoinnews.com/bitcoin-trading-volume-in-brazil-surpasses-gold-volumes/
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