Ninjastic
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Board Economics
Re: Bitcoin has defeated gold
by
FLoving
on 04/03/2017, 09:32:30 UTC
Quote from: botany on March 02, 2017, 04:18:21 PM
Quote from: soul-impact on March 02, 2017, 04:13:27 PM
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
The circulation of gold is higher but the traders are readily shifting to bitcoin trade and gold is only remained as a metal for ornament because of that the circulation of gold will remain but will not be able to compete bitcoin in the field of business as the traders want to trade only that asset which have higher profit in shorter time.