Bitcoin Now Worth More Than Gold

Tyler Durden's picture

UPDATE: ... And then Bitcoin collapses 13% minutes later...

 

It seems the growing tensions in Asia (Japan-China sabre-rattling and Indian capital controls) have prompted more great rotation out of fiat and into digital currency as China/India markets open. For the first time ever, the price of one unit of Bitcoin exceeds the price of an ounce of gold...

 

1 oz of Gold = $1241.98 (Bloomberg)


1 unit of Bitcoin = $1242.00 (Bitcoinwisdom.com)