Post
Topic
Board Economics
Re: Bitcoin has defeated gold
by
Pettuh4
on 09/03/2017, 09:31:29 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 better to total and sum all bitcoins and gold that is circulating in the market to know if bitcoin really do overcome bitcoin gold by this time

At least we know it over passed the price of an ounce of gold and so we shouldn't dwell on it overcoming gold, that's I think too big a word. We are not comparing their properties, are we? Just the prices.