One Bitcoin is now worth more than one ounce of gold

For the first time ever, the price of one Bitcoin has surpassed the price of one ounce of gold. While today’s swap can be attributed to a good day for Bitcoin (up ~3%) and a bad day for gold (down ~1.3%), the big picture is that Bitcoin has more than doubled in the last year (up ~185% from a year ago) while gold is essentially trading exactly at the price it was a year ago. Even… Read More