{"id":15530,"date":"2017-11-19T16:56:20","date_gmt":"2017-11-20T00:56:20","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=15530"},"modified":"2017-11-24T16:09:35","modified_gmt":"2017-11-25T00:09:35","slug":"buying-bitcoin-overtakes-buying-gold-search-results","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/buying-bitcoin-overtakes-buying-gold-search-results\/","title":{"rendered":"Buying Bitcoin Overtakes Buying Gold In Search Results"},"content":{"rendered":"

In the cryptocurrency space, 2017 will be remembered as the year that Bitcoin found its wings and soared to continually unfathomable heights. Valued around $1,000 at the start of the year, Bitcoin<\/a> has since climbed more than eight times higher. No matter how you look at it, Bitcoin has had a big year.<\/p>\n

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Civilizations have been trading gold since roughly 600 B.C. and it continues to be used by dealers and investors with great enthusiasm today.<\/figcaption><\/figure>\n

However, 2017 will also be remembered as the year that Bitcoin began entering the mainstream financial system in earnest for the first time. In the investment world, Goldman Sachs recently disclosed that they are considering developing a trading commodity built around Bitcoin.<\/p>\n

Just this week, CME Group upped their timeline for releasing a regulated Bitcoin futures product that will trade on the Chicago Mercantile Exchange. All this mainstream exposure is increasing regulatory oversight and is helping legitimize Bitcoin and other emerging cryptocurrencies. It\u2019s a good thing.<\/p>\n

For consumers, Bitcoin is entering the mainstream marketplace as a purchasing option with some online retailers. Led by Overstock.com and Expedia, retailers are embracing Bitcoin as a viable purchasing method, and Overstock<\/a> is even holding some of that Bitcoin to accrue additional value from the rapidly appreciating currency. In an increasingly digital-first environment, it\u2019s not a stretch to presume Bitcoin\u2019s wide integration into online payment platforms.<\/p>\n

For Bitcoin, 2017 has been a year of milestones.<\/h3>\n

This week, Bitcoin reached another milestone when it surpassed \u201cbuy gold\u201d in online search results. According to a Bloomberg report,<\/p>\n

\u201cGlobal searches for \u2018buy Bitcoin\u2019 have overtaken \u2018buy gold\u2019 after previously exceeding searches for how to purchase silver.\u201d<\/p><\/blockquote>\n

Until this April, the search term \u201cbuy Bitcoin\u201d resided significantly below the \u201cbuy gold\u201d searches. This April, the two switched places, and \u201cbuy Bitcoin\u201d quickly accelerated to more than triple the search queries for \u201cbuy gold.\u201d<\/p>\n