Post
Topic
Board Economics
Re: Bitcoin has defeated gold
by
eagle10
on 18/04/2018, 04:21:08 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.

Even if bitcoin beat gold in terms of value, these two still have different characteristic. Gold is physical while bitcoin is digital. In terms of physical characteristic you can expect gold to be in many uses and while bitcoin is in digital uses too. Many people and investors are hook to bitcoin because it is safe to invest and you can carry it to your pocket via your android phone while in gold, you can't carry it in your pocket and purchase things in the internet using it.