“Buy Bitcoins” and “buy gold” searches spike 900% and 500% after pound nosedives following Brexit
This morning has been an unusual one. For many it would have started at 4.30am when their phone’s BBC News app dinged an alert saying “BBC forecasts Britain to Vote Leave”. Bleary-eyed readers would then see a piece of related content headlined “Pound hits lowest level since 1985”. Gulp. The thing a lot of people did next, according to Google Trends, is search for how to “buy gold” or “buy Bitcoins”.
You can see from the tweet below, searches for the term “buy gold” are up 500pc this morning following the UK’s decision to leave the EU.
As a result, gold has rallied by 8.1pc (at present) to nearly $1,360 an ounce. This is the highest it’s been since March 2014. At 10pm last night, when voting in the EU Referendum closed, the price was $1,255 an ounce.
The more tech-savvy investors are searching for how to “buy Bitcoins”, with the phrase up a massive 900% on yesterday’s figures, according to Google Trends.
The price of Bitcoin is up 6.68% on yesterday, which equates to a USD value of an added $41.77.