Post
Topic
Board Economics
Re: Bitcoin has defeated gold
by
Bananier
on 03/03/2017, 10:41:48 UTC
Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

Just compare the total value of all gold in circulation and the total value of all bitcoins in circulation.
You will have your answer.  Smiley

Yeah, moreover I think this is just the price of one ounce. This is like if we referenced to the price of one millibitcoin.