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

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 the same question: Is retail missing the next rotation into digital gold? Gold Fever Goes Global: Retail Queues Signal Market Euphoria as Bitcoin Waits Its Turn The frenzy is seen in viral videos from BullionStar in Singapore, which show customers lining up before opening hours source: https://beincrypto.com/people-queue-gold-retail-demand-bitcoin-risk/