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.
Bitcoins is defeating gold in investment, more and more investors are investing in bitcoins rather than in gold. The value of gold is nothing more than a result of a global consensus - at the moment everyone agrees to consider gold a measure of value, simply because this measure is in some form or another necessary. If we assume a utopian situation, that tomorrow everyone agrees that gold is not such a measure, then it will be good only for the production of quality wires and trinkets.
The btc is gaining momentum for exactly the same reason - the global consensus towards the btc is constantly being strengthened. In this case, unlike gold, the cue-ball is not only a measure of value, but also a settlement system, and gold is not a competitor for this parameter.Gold and bitcoin are two different thing, each serves for a different purpose (in a way). Although both item can be an investment, they are still different. You can trust bitcoin for very wise investment ment for the future as well as gold however gold also are precious thing because it people love jewelries s and anything from gold so I think gold will stay in the market as well as bitcoin.