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.
In April 2017, when the bitcoin price overtook the gold price, a Gold Fund started investing in bitcoin:
https://www.cnbc.com/2017/11/24/a-gold-fund-is-investing-in-bitcoin.htmlBasically they put 5% of their fund into bitcoin, and to keep the investment at 5%, they sell when the bitcoin element exceeds that amount, and reinvest in gold. It's been profitable for them.