Data calculated by Finbold indicates the average daily trading volume of bitcoin between Jan. 1 and March 15 is at $70.18 billion. The figure represents 39.41 percent of gold's $178.97 billion average daily trading volume for the same period.
Elsewhere, bitcoin's market capitalization, as of March 16, stands at $1.04 trillion. The amount equals only 9.46 percent of gold's $10.99 trillion, an indicator that more investors are more speculative about bitcoin than the precious metal.
Bitcoin and gold trading volume remain significant amid the pandemic. The report from Finbold offers perspectives on the trading volume for both bitcoin and gold amid the ongoing coronavirus pandemic. According to the research report:
Both bitcoin and gold's trading volume remains significant, partly due to the perception the assets can act as a hedge against the risk of inflation, especially in the wake of the coronavirus pandemic. During the crisis, central banks resolved to issue s
