While their units of measurement are not comparable, the falling price of gold and rising price of bitcoin is still nonetheless, Significant.

Now the cost of a single Bitcoin rose above the cost of an ounce of gold for the first time but ,
with the two commodities now in roughly the same price range, it's worth putting aside some of bitcoin's short-term volatility and liquidity concerns to compare them as long-term stores of value side by side.

Sure, you might argue bitcoin is newer and flashier, and that it has arguably more utility in the digital era than gold. But, gold has the indisputable track record, having been a cherished store of value for thousands of years across human civilizations.

However, bitcoin's traits have led to those backing the cryptocurrency to believe it could potentially unseat gold over the long haul.