If you own Bitcoin,Oh Mi rejoice: A single unit of digital cryptocurrency is now worth more than an ounce of actual, physical gold.
According to CoinDesk's Bitcoin Price Index, the price of 1 Bitcoin is $1,281.95 at the time of this writing, while the gold spot price is $1,227.66 per ounce, according to Bloomberg Markets.
SEE ALSO: Bitcoin reaches an all-time high as SEC decision loomsThe two prices met after a shoddy day and a flat year for gold, in contrast to the amazing year Bitcoin has had in terms of price -- exactly a year ago, the cryptocurrency traded at around $200 per one Bitcoin.
Original image has been replaced. Credit: Mashable The correlation between the two numbers is not very important as the price of physical gold has little to do with the price of one Bitcoin. But it's an important psychological barrier for Bitcoin, which is currently trading at an all-time high, as the cryptocurrency has often (and somewhat inaccurately) been called "digital gold."
The reasons behind Bitcoin's price surge -- after its horrendous slump in 2014 -- aren't very clear, but one possibility is the market's positive expectations with regards to the U.S. SEC approving the Winklevoss brothers' bitcoin ETF, which would make trading Bitcoin in the U.S. much easier.
Does this mean you should ditch gold and buy Bitcoin, or vice versa? Based on just this one fact, absolutely not. Bitcoin's price has been incredibly volatile in the past, and though the past several months look very solid, a number of questions loom over the digital currency, most important of which is the Bitcoin community's inability to reach a consensus over blockchain block size.
Disclaimer: The author of this article owns Bitcoin, as well as several other cryptocurrencies.
Topics Bitcoin
(Editor: {typename type="name"/})
NYT Connections Sports Edition hints and answers for May 18: Tips to solve Connections #237
'Quordle' today: See each 'Quordle' answer and hints for October 19
Jeffree Star says someone stole $2.5 million worth of makeup from his warehouse
Who is 'The Mole'? All the clues that reveal the culprit on Netflix's show
NYT Connections hints and answers for May 2: Tips to solve 'Connections' #691.
Analyzing Graphics Card Pricing: May 2018
One of the most heated issues plaguing the PC building industry at the moment is the price of graphi
...[Details]
The Apple store briefly went down yesterday, which means that yes, the fruit brand has dropped some
...[Details]
Wordle today: Here's the answer, hints for October 22
Can't get enough of Wordle? Try Mashable's free version now I
...[Details]
Instagram's latest feature: scheduled posts
Instagramis testing a new featureagain. But this one actually seems pretty nice.A spokesperson for M
...[Details]
Best Hydro Flask deal: Save $10 on a 24
SAVE $9.99: As of May 21, get the Hydro Flask 24-ounce Travel Bottle for $29.96 at Amazon, down from
...[Details]
Joe Biden addresses allegations of inappropriate touching in new video
With speculation mounting that he'll enter the 2020 race for president, former Vice President Joe Bi
...[Details]
Scientists discover a marshmallow
Astronomers are finding all sorts of weird worlds. Some likely rain gems from metallic clouds. Other
...[Details]
Negroni Sbagliato gets the respect it deserves with Google easter egg
Actor Emma D'Arcy's love for Negroni Sbagliato has taken the internet by storm, and now Google has g
...[Details]
The first post-credits scene for Marvel's Thunderbolts*takes us on a trip down the cereal aisle.SEE
...[Details]
Nostalgic cartoon YouTube channels are preserving 80s
An Ode to... is a weekly column where we share the stuff we're really into in hopes that you'll be r
...[Details]
SpaceX's Starlink satellite launch in pictures
'Halloween Ends' franchise finale hints at a Corey Cunningham spin
接受PR>=1、BR>=1，流量相当，内容相关类链接。