Bitcoin Is Now More Valuable Than Gold

The new gold standard?

Tech
12,500 Hypes 0 Comments

Could Bitcoin become the new gold standard for currencies? It would seem within the realm of possibility as the popular cryptocurrency is now more valuable than gold for the very first time. Following a crash in 2015 that resulted in a low of just $200 USD, a single unit of Bitcoin is now worth $1,238.11 USD, thus surpassing gold’s value of $1,237.73 per ounce. As Engadget points out, gold has long been considered to be one of the most secure bets in the investment world since it’s less volatile than the likes of real estate, so it’s plausible that Bitcoin could ultimately supplant gold as the go-to currency backer.

Bitcoin would ultimately need to sustain its value over a longer period of time to truly be considered an alternative to gold — the potential of another drastic decline in valuation still makes it exponentially more volatile than gold — but its price is undoubtedly a sign of hope for cryptocurrency believers.

Read Full Article

What to Read Next

Bitcoin Mining Consumes More Energy Than Most Countries in the World
Tech

Bitcoin Mining Consumes More Energy Than Most Countries in the World

Expected to exceed the consumption of 181 countries by 2024.

Square is Making a Hardware Wallet for Bitcoin
Tech

Square is Making a Hardware Wallet for Bitcoin

“#Bitcoin.”

Goldman Sachs Now Considers Bitcoin as New Asset Class
Tech

Goldman Sachs Now Considers Bitcoin as New Asset Class

It’s time to take bitcoin more seriously than ever before.


Bitcoin Tumbles Following China’s Crypto Crackdown
Tech

Bitcoin Tumbles Following China’s Crypto Crackdown

The price has fallen by more than $2,000 USD.

Pharrell and Tyler, The Creator Are Working on New Music Together
Music

Pharrell and Tyler, The Creator Are Working on New Music Together

The two were spotted in the studio earlier this week.

Enharmonic Tavern Reveals Its Stylish 2017 Fall/Winter Looks
Fashion

Enharmonic Tavern Reveals Its Stylish 2017 Fall/Winter Looks

A standout offering from the Japanese imprint.

Yung Lean Uses Camcorder for His "Vendetta" Music Video
Music

Yung Lean Uses Camcorder for His "Vendetta" Music Video

A new single from the Stockholm-based rapper.

2018 FIFA World Cup Will Introduce Identity Cards to Tackle Hooliganism
Sports

2018 FIFA World Cup Will Introduce Identity Cards to Tackle Hooliganism

Thoughts?

Watch Russell Brand Get Spicy During Guest Slot on 'Hot Ones'
Food & Beverage

Watch Russell Brand Get Spicy During Guest Slot on 'Hot Ones'

The UK comedian talks upcoming comedy tour and Trump.


Nike's Low-Top Lupinek Flyknit Is Back In "Cargo Khaki"
Footwear

Nike's Low-Top Lupinek Flyknit Is Back In "Cargo Khaki"

The Swoosh’s olive green Lupinek sneakerboot returns with a few modifications.

David Haye on Motivation, Motown and Making a Comeback
Sports

David Haye on Motivation, Motown and Making a Comeback

Fighting talk ahead of Saturday’s showdown with Tony Bellew.

UPDATE: KAWS Officially Teases His Collaborative Air Jordan 4
Footwear

UPDATE: KAWS Officially Teases His Collaborative Air Jordan 4

Another photo surfaces of the hyped forthcoming release.

Streetsnaps: Paris Fashion Week March 2017 Part 1
Fashion

Streetsnaps: Paris Fashion Week March 2017 Part 1

Check out street style from the French capital.

Gucci's Animal Kingdom Shines in All Its Glory in SSENSE Editorial
Fashion

Gucci's Animal Kingdom Shines in All Its Glory in SSENSE Editorial

The Gucci zoo.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.