Bitcoin speculators start getting anxious and seek investment protection in gold amid the decline of crypto currency. Sales of gold coins jumped five-fold last week at Frankfurt-based CoinInvest, with many investors calling and emailing because they were nervous about getting out.
CoinInvest Director Daniel Marburger told the Standard that the spike in demand for gold continues. "This is a constant stream to gold," he said.
Marburger said, although the bitcoin selling price returned to the level of USD11.700 on Monday morning after plunging to the level of USD10.000 last week, but investors are still nervous.
"Bitcoin could not make a clear trend back last week and gold will recover quickly now with a 7% rise since its December lows," he said.