The world’s famous cryptocurrency, Bitcoin has continuous it’s dominant performance, as of posting it recorded a significant price increase that equivalent to three times higher of the price of Gold.
Bitcoin, in just a weekend, gains a significant growth, it continued that trend by being worth nearly three times the price of gold.
For longest time, Gold is often seen as an investment “safe-haven” due to the long term stability of the commodity.
Furthermore, it is also often used as a standard by which to compare cryptocurrency, especially Bitcoin. Many of the leading cryptocurrency’s major milestones have been viewed in terms of their comparison to gold, for the readers kind information.
As of writing, the price of Bitcoin reached a high today of over $3,400, while the price of an ounce of gold is $1,260.40.
With the current statistics, it clearly leaves Bitcoin at nearly triple the price of gold, renewing speculations about the ability of Bitcoin to become a substitute for gold.
The great news right now is considering the tumultuous recent history of Bitcoin that resulted in a much-dreaded splitting point for the currency. Still, Bitcoin has never been stronger in spite of (or perhaps thanks to) the upheaval.
Meanwhile, Bitcoin also enjoyed some significant gains this weekend, crossing $3,200 for the first time in history.
For long time now, the cryptocurrency in general, enjoys the positive response of the public and it continue to receive good feedback and even significant growth.