Bitcoin more expensive than gold today.

BurtW

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From another thread:

Quote from: pawel7777 on March 02, 2017, 05:38:24 PM

Total estimated gold ever mined: 171,300,000 kg
1 kg of gold = $39,847
Market cap: $6,825,791m

Total bitcoins ever mined: 16,193,587
1 btc = $1,249
Market cap: $20,230m

You should postpone the 'parity party' until 1 BTC = $421,512, or when it's value equals the value of ~10.6 kg of gold.

sources: google + coinmarketcap

Exactly.

For "parity" a BTC would need to be about 39,847 * 171,300,000 / 16,193,587 = $421,511

So not quite there yet.

Creepings

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Quote from: BurtW on March 02, 2017, 05:43:11 PM

Quote from: serchanto on March 02, 2017, 02:57:04 PM

For the first time ever, one Bitcoin is more expensive than one ounce of gold today. How high is it going to go I wonder.

Gold is measured by mass and priced in USD/gram. How much does a Bitcoin weigh? You cannot compare the two.

Point taken, we dont really need to differentiate these two. And bitcoin reached almost $1900 in the past, I think if bitcoins price reached $2000, i will rejoice!

BurtW

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Quote from: serchanto on March 02, 2017, 02:57:04 PM

For the first time ever, one Bitcoin is more expensive than one ounce of gold today. How high is it going to go I wonder.

Gold is measured by mass and priced in USD/gram. How much does a Bitcoin weigh? You cannot compare the two.

DoublerHunter

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I think the price of bitcoin would reach 2000$ price for this year because you can see even now that the price is slowly climbing up to 2000$. News like this is a big help for bitcoin to rise even more because people will amaze to this kind of news and they will start getting curious and in the end of the day, they will invest in bitcoin.

serchanto

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For the first time ever, one Bitcoin is more expensive than one ounce of gold today. How high is it going to go I wonder.

Topic: Bitcoin more expensive than gold today. (Read 408 times)