Safe Haven? “Buy Bitcoin” Searches Surpasses “Buy Gold” on Google As Markets Reject Fed’s Stimulus

The Federal Reserve used its last bullet in its latest quantitative easing as it pumped an extra $700 Billion USD and dropped interest rates by 1.5 percentage points to zero – signifying its largest monetary policy control since the 2008 global financial crisis.

While the fiscal injection was supposed to recover the stock market from the extended bearish run faced during this global COVID-19 pandemic, the markets have dropped even further – with the DOW Jones losing over 2000 points on market open on Mar. 16.

As the stock market continues to struggle on a largely inflated market, investors are looking for safer assets to put their money in times of the global epidemic. Gold has been a favorite go-to asset in times of economic meltdowns but as seen with the latest Google Trends data, Bitcoin (BTC) may arise to challenge the shiny metal. Read More...

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