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Tag Archives: Gold

One Bitcoin Worth More Than One Ounce of Gold for First Time

One bitcoin has now, at least briefly, been worth more than one ounce of gold, hitting $1239.9 at the bitcoin exchange Bitstamp, while an ounce of gold was priced at $1238.67. The last time a single bitcoin might have been worth more than an ounce of gold happened in November 2013, more than three years ago. Having […]

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Bitcoin’s Rocket Boosters on Full Throttle as Price Skyrockets to New ATH

The price of bitcoin has once again crossed another all-time high reaching an average of US$1240 across global exchanges, before climbing to new heights above $1250. Bitcoin’s value had already met parity with the price of one ounce of gold and had also beaten the December 4th, 2013 Mt. Gox ATH price of $1242. Bitcoin […]

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What’s the Big Deal About Bitcoin Above the Gold Price Anyway?

As the Bitcoin price approached parity with the gold price, the significance of the price event elicited much debate in the Bitcoin Community. While many bitcoiners take bitcoin-gold price parity as evidence of the digital currency’s continued success, some analysts suggest the event is meaningless. “What is even a troy ounce?” Josh Crumb, Bitgold (now […]

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Gold and Bitcoin Form Symbiotic Relationship

“I had to change my thought process to understand that bitcoin is no enemy of gold and silver,” says monetary expert Andy Hoffman, who writes for the precious metals website Miles Franklin. “When bitcoin hit price parity with gold in 2013, I was angry. I knew nothing about it. I assumed it was like the […]

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