Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Bitcoins worth more than gold

Thursday, March 2, 2017 14:15
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The unthinkable happened today. Not the premium on the Snap Inc (NYSE:SNAP) IPO debut but bitcoins are now worth more than gold for the first time ever.

The price of a bitcoin has climbed above that of a troy ounce of gold after the cryptocurrency enjoyed a dramatic upswing in interest since last year.

Bitcoin has jumped by nearly 33% this year to trade at $1,265 on Thursday amid a surge in interest in China, where the authorities fret the digital currency is being used to facilitate capital flight from the country. Bitcoin has risen nearly 200% over the past 12 months, despite efforts to curb its use in China.

Meanwhile, a troy ounce of gold (about 31 grams) cost $1,233 on Thursday.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/174161/bitcoins-worth-more-than-gold-174161.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.